Beyond Meat (NASDAQ:BYND - Get Free Report) issued its earnings results on Wednesday. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.44) by ($0.21), Zacks reports. The firm had revenue of $76.66 million for the quarter, compared to analysts' expectations of $76.08 million. Beyond Meat updated its FY 2025 guidance to EPS.
Beyond Meat Trading Down 0.6 %
Beyond Meat stock traded down $0.02 during trading hours on Friday, hitting $3.16. 4,182,076 shares of the stock traded hands, compared to its average volume of 3,636,021. The firm's 50-day moving average price is $3.86 and its two-hundred day moving average price is $5.10. The company has a market cap of $206.04 million, a PE ratio of -0.76 and a beta of 2.31. Beyond Meat has a one year low of $3.10 and a one year high of $11.70.
Analyst Ratings Changes
BYND has been the topic of several recent analyst reports. Barclays cut their target price on Beyond Meat from $4.00 to $3.00 and set an "underweight" rating on the stock in a research note on Thursday. BMO Capital Markets reduced their target price on Beyond Meat from $6.00 to $5.00 and set a "market perform" rating on the stock in a research note on Thursday. Four research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Reduce" and an average price target of $4.92.
Read Our Latest Report on Beyond Meat
Insider Activity at Beyond Meat
In other Beyond Meat news, insider Ethan Brown sold 313,000 shares of Beyond Meat 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 approximately $6,387,330. The trade was a 15.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 8.60% of the stock is currently owned by corporate insiders.
About Beyond Meat
(
Get Free Report)
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.
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