Analysts Set Beyond Meat, Inc. (NASDAQ:BYND) Price Target at $5.50

Beyond Meat, Inc. (NASDAQ:BYND - Get Free Report) has received a consensus rating of "Strong Sell" from the six brokerages that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a sell rating and two have given a hold rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $4.92.

Several research analysts recently commented on the stock. Barclays cut their price target on shares of Beyond Meat from $4.00 to $3.00 and set an "underweight" rating on the stock in a report on Thursday. BMO Capital Markets decreased their price target on shares of Beyond Meat from $6.00 to $5.00 and set a "market perform" rating for the company in a research report on Thursday.

Insider Activity at Beyond Meat

In other Beyond Meat news, insider Ethan Brown sold 313,000 shares of the company's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $3.75, for a total value of $1,173,750.00. Following the completion of the transaction, the insider now directly owns 1,703,288 shares of the company's stock, valued at $6,387,330. This represents a 15.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 8.60% of the company's stock.

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Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Intech Investment Management LLC acquired a new position in shares of Beyond Meat in the 3rd quarter valued at approximately $128,000. Charles Schwab Investment Management Inc. grew its holdings in Beyond Meat by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 522,894 shares of the company's stock worth $3,545,000 after acquiring an additional 7,332 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Beyond Meat by 16.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,901 shares of the company's stock worth $257,000 after purchasing an additional 5,419 shares during the last quarter. Ballentine Partners LLC bought a new stake in shares of Beyond Meat in the 4th quarter worth about $39,000. Finally, Zweig DiMenna Associates LLC acquired a new stake in shares of Beyond Meat in the 4th quarter valued at about $1,746,000. Institutional investors and hedge funds own 52.48% of the company's stock.

Beyond Meat Price Performance

NASDAQ:BYND traded down $0.08 during trading hours on Thursday, reaching $3.08. 4,363,650 shares of the company were exchanged, compared to its average volume of 3,654,355. Beyond Meat has a 52-week low of $2.98 and a 52-week high of $10.31. The stock has a 50 day simple moving average of $3.86 and a 200 day simple moving average of $5.10. The firm has a market cap of $200.83 million, a price-to-earnings ratio of -0.74 and a beta of 2.31.

Beyond Meat (NASDAQ:BYND - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.44) by ($0.21). The business had revenue of $76.66 million during the quarter, compared to analysts' expectations of $76.08 million. On average, analysts predict that Beyond Meat will post -2.1 EPS for the current fiscal year.

About Beyond Meat

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.