Beyond Meat, Inc. (NASDAQ:BYND) Receives $5.50 Average PT from Analysts

Shares of Beyond Meat, Inc. (NASDAQ:BYND) have earned an average recommendation of “Strong Sell” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $4.92.

A number of equities research analysts recently commented on the company. Barclays decreased their price objective on Beyond Meat from $4.00 to $3.00 and set an “underweight” rating for the company in a research note on Thursday, February 27th. BMO Capital Markets decreased their price objective on Beyond Meat from $6.00 to $5.00 and set a “market perform” rating for the company in a research note on Thursday, February 27th.

Beyond Meat Stock Down 0.6 %

BYND stock opened at $3.21 on Thursday. The company has a market cap of $209.30 million, a P/E ratio of -0.77 and a beta of 2.36. Beyond Meat has a twelve month low of $2.86 and a twelve month high of $10.31. The business has a fifty day moving average of $3.84 and a 200-day moving average of $5.04.

Beyond Meat (NASDAQ:BYND) last announced its quarterly earnings data on Wednesday, February 26th. The company reported ($0.65) EPS for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.21). The company had revenue of $76.66 million during the quarter, compared to analyst estimates of $76.08 million. As a group, equities research analysts anticipate that Beyond Meat will post -2.1 earnings per share for the current fiscal year.

Insider Transactions at Beyond Meat

In related news, insider Ethan Brown sold 313,000 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $3.75, for a total transaction of $1,173,750.00. Following the sale, the insider now owns 1,703,288 shares in the company, valued at approximately $6,387,330. This represents a 15.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 8.60% of the stock is owned by insiders.

Institutional Trading of Beyond Meat

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Perigon Wealth Management LLC raised its holdings in Beyond Meat by 25.9% during the fourth quarter. Perigon Wealth Management LLC now owns 14,530 shares of the company’s stock worth $55,000 after acquiring an additional 2,986 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Beyond Meat by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 527,056 shares of the company’s stock worth $1,982,000 after acquiring an additional 4,162 shares in the last quarter. Van ECK Associates Corp raised its holdings in Beyond Meat by 68.8% during the fourth quarter. Van ECK Associates Corp now owns 10,498 shares of the company’s stock worth $39,000 after acquiring an additional 4,280 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Beyond Meat by 16.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,901 shares of the company’s stock worth $257,000 after acquiring an additional 5,419 shares in the last quarter. Finally, ProShare Advisors LLC raised its stake in Beyond Meat by 49.1% in the fourth quarter. ProShare Advisors LLC now owns 16,825 shares of the company’s stock valued at $63,000 after buying an additional 5,537 shares during the period. Institutional investors own 52.48% of the company’s stock.

Beyond Meat Company Profile

Beyond Meat, Inc, a plant-based meat company, develops, manufactures, markets, and sells plant-based meat products in the United States and internationally. The company sells a range of plant-based meat products across the platforms of beef, pork, and poultry. It sells its products through grocery, mass merchandiser, club stores, and natural retailer channels, as well as various food-away-from-home channels, including restaurants, foodservice outlets, and schools.