Beyond Meat (NASDAQ:BYND - Free Report) had its price target lowered by BMO Capital Markets from $6.00 to $5.00 in a research note published on Thursday,Benzinga reports. The brokerage currently has a market perform rating on the stock.
Separately, Barclays dropped their price objective on shares of Beyond Meat from $4.00 to $3.00 and set an "underweight" rating on the stock in a research note on Thursday. Four research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Reduce" and an average target price of $4.92.
Check Out Our Latest Analysis on Beyond Meat
Beyond Meat Price Performance
Shares of BYND stock traded down $0.08 during mid-day trading on Thursday, hitting $3.08. The stock had a trading volume of 4,363,650 shares, compared to its average volume of 3,654,355. Beyond Meat has a 12-month low of $2.98 and a 12-month high of $10.31. The firm's 50-day moving average is $3.86 and its two-hundred day moving average is $5.10. The firm has a market capitalization of $200.83 million, a P/E ratio of -0.74 and a beta of 2.31.
Beyond Meat (NASDAQ:BYND - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The company reported ($0.65) earnings per share for the quarter, missing analysts' consensus estimates of ($0.44) by ($0.21). The company had revenue of $76.66 million for the quarter, compared to the consensus estimate of $76.08 million. Analysts expect that Beyond Meat will post -2.1 EPS for the current year.
Insider Buying and Selling at Beyond Meat
In related news, insider Ethan Brown sold 313,000 shares of the business's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $3.75, for a total transaction of $1,173,750.00. Following the completion of the transaction, the insider now owns 1,703,288 shares in the company, valued at $6,387,330. The trade was a 15.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 8.60% of the company's stock.
Hedge Funds Weigh In On Beyond Meat
Institutional investors and hedge funds have recently bought and sold shares of the company. Perigon Wealth Management LLC lifted its holdings in shares of Beyond Meat by 25.9% during the 4th quarter. Perigon Wealth Management LLC now owns 14,530 shares of the company's stock valued at $55,000 after purchasing an additional 2,986 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Beyond Meat by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 527,056 shares of the company's stock valued at $1,982,000 after buying an additional 4,162 shares in the last quarter. Van ECK Associates Corp raised its stake in Beyond Meat by 68.8% in the fourth quarter. Van ECK Associates Corp now owns 10,498 shares of the company's stock valued at $39,000 after buying an additional 4,280 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Beyond Meat by 16.7% in 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 grew its stake in shares of Beyond Meat by 49.1% during the fourth quarter. ProShare Advisors LLC now owns 16,825 shares of the company's stock worth $63,000 after acquiring an additional 5,537 shares during the last quarter. 52.48% of the stock is owned by hedge funds and other institutional investors.
Beyond Meat Company Profile
(
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.
Featured Articles
Before you consider Beyond Meat, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Beyond Meat wasn't on the list.
While Beyond Meat currently has a Strong Sell rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
