Beyond Meat (NASDAQ:BYND) Earning Somewhat Favorable News Coverage, Study Shows

Media coverage about Beyond Meat (NASDAQ:BYND) has been trending somewhat positive this week, InfoTrie reports. The research group scores the sentiment of news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Beyond Meat earned a coverage optimism score of 0.80 on their scale. InfoTrie also gave headlines about the company an news buzz score of 4 out of 10, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the news articles that may have impacted Beyond Meat’s ranking:

NASDAQ BYND traded up $4.54 during trading on Thursday, hitting $170.60. 4,727,072 shares of the company’s stock traded hands, compared to its average volume of 7,910,631. The stock has a fifty day moving average of $136.35 and a two-hundred day moving average of $120.40. Beyond Meat has a 12-month low of $48.18 and a 12-month high of $172.69. The company has a debt-to-equity ratio of 0.13, a current ratio of 6.48 and a quick ratio of 4.32. The firm has a market cap of $10.65 billion, a P/E ratio of -2,132.50 and a beta of 2.67.

Beyond Meat (NASDAQ:BYND) last released its quarterly earnings data on Tuesday, August 4th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.02). The firm had revenue of $113.34 million for the quarter, compared to analysts’ expectations of $99.35 million. Beyond Meat had a negative net margin of 1.18% and a positive return on equity of 1.11%. The company’s revenue for the quarter was up 68.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.24) earnings per share. As a group, analysts expect that Beyond Meat will post 0.07 earnings per share for the current fiscal year.

Several research firms have recently weighed in on BYND. Sanford C. Bernstein upped their price target on shares of Beyond Meat from $118.00 to $133.00 and gave the stock a “positive” rating in a report on Thursday, July 9th. Zacks Investment Research lowered Beyond Meat from a “buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Jefferies Financial Group reiterated a “hold” rating and set a $118.00 price target on shares of Beyond Meat in a research report on Tuesday, August 11th. Robert W. Baird assumed coverage on shares of Beyond Meat in a research report on Wednesday, September 2nd. They issued an “outperform” rating and a $160.00 price objective on the stock. Finally, Credit Suisse Group raised their target price on shares of Beyond Meat from $90.00 to $142.00 and gave the company a “neutral” rating in a research note on Wednesday, June 17th. Eight investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $115.77.

In other Beyond Meat news, Director Seth Goldman sold 127,500 shares of the business’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of $144.81, for a total transaction of $18,463,275.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Charles Muth sold 10,000 shares of the company’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $143.00, for a total transaction of $1,430,000.00. Following the completion of the transaction, the insider now owns 211,978 shares of the company’s stock, valued at $30,312,854. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 263,893 shares of company stock worth $36,518,285. 11.00% of the stock is owned by company insiders.

Beyond Meat Company Profile

Beyond Meat, Inc, a food company, manufactures, markets, and sells plant-based meat products in the United States and internationally. The company sells its products under the Beyond Beef, Beyond Chicken, The Beyond Burger, Beyond Meat, Beyond Sausage, Eat What You Love, and The Cookout Classic brand names.

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