Beyond Meat (BYND) Stock Price, News & Analysis

Company Overview

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. The company was formerly known as Savage River, Inc. and changed its name to Beyond Meat, Inc. in September 2018. Beyond Meat, Inc. was incorporated in 2008 and is headquartered in El Segundo, California.

Key Stats

• Today's Range: $6.20 to $6.55
• 50-Day Range: $5.24 to $7.49
• 52-Week Range: $5.13 to $12.12
• Volume: 4.23 million shs
• Average Volume: 3.06 million shs
• Market Capitalization: $412.67 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $5.06
• Consensus Rating: Strong Sell

Beyond Meat Stock Analysis - MarketRank™

Beyond Meat scored higher than 43% of companies evaluated by MarketBeat, and ranked 108th out of 149 stocks in the consumer staples sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 0.7 / 5
• Analyst Rating: Strong Sell

Consensus Rating

Beyond Meat has received a consensus rating of Strong Sell. The company's average rating score is 1.38, and is based on no buy ratings, 3 hold ratings, and 5 sell ratings.

Amount of Analyst Coverage

Beyond Meat has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Beyond Meat are expected to grow in the coming year, from ($2.12) to ($1.51) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Beyond Meat is -1.23, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Beyond Meat is -1.23, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

38.96% of the float of Beyond Meat has been sold short.

Short Interest Ratio / Days to Cover

Beyond Meat has a short interest ratio ("days to cover") of 8.

Change versus previous month

Short interest in Beyond Meat has recently decreased by 7.31%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Beyond Meat does not currently pay a dividend.

Dividend Growth

Beyond Meat does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 3.4 / 5
• Environmental Score: -2.68

Percentage of Shares Shorted

38.96% of the float of Beyond Meat has been sold short.

Short Interest Ratio / Days to Cover

Beyond Meat has a short interest ratio ("days to cover") of 8.

Change versus previous month

Short interest in Beyond Meat has recently decreased by 7.31%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 0.97

News Sentiment

Beyond Meat has a news sentiment score of 0.97. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Consumer Staples companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for Beyond Meat this week, compared to 7 articles on an average week.

Search Interest

Only 25 people have searched for BYND on MarketBeat in the last 30 days. This is a decrease of -31% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added Beyond Meat to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Beyond Meat insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 8.60% of the stock of Beyond Meat is held by insiders.

Percentage Held by Institutions

52.48% of the stock of Beyond Meat is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

BYND Stock Analysis - Frequently Asked Questions

How have BYND shares performed this year?

Beyond Meat's stock was trading at $8.90 at the beginning of the year. Since then, BYND shares have decreased by 28.5% and is now trading at $6.36.
View the best growth stocks for 2024 here.

How were Beyond Meat's earnings last quarter?

Beyond Meat, Inc. (NASDAQ:BYND) announced its earnings results on Wednesday, August, 7th. The company reported ($0.53) earnings per share for the quarter, missing analysts' consensus estimates of ($0.51) by $0.02. The business's revenue was down 8.8% compared to the same quarter last year.

When did Beyond Meat IPO?

Beyond Meat (BYND) raised $176 million in an IPO on Thursday, May 2nd 2019. The company issued 8,800,000 shares at $19.00-$21.00 per share. Goldman Sachs, J.P. Morgan and Credit Suisse acted as the underwriters for the IPO and BofA Merrill Lynch, Jefferies and William Blair were co-managers.

Who are Beyond Meat's major shareholders?

Top institutional investors of Beyond Meat include Whitebox Advisors LLC, Wolverine Asset Management LLC, Aristeia Capital L.L.C. and IQ EQ FUND MANAGEMENT IRELAND Ltd (0.68%). Insiders that own company stock include Dariush Ajami, Lubi Kutua, Beth Moskowitz, Diane Carhart and Teri L Witteman.
View institutional ownership trends.

How do I buy shares of Beyond Meat?

Shares of BYND stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Beyond Meat own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Beyond Meat investors own include Tesla (TSLA), NVIDIA (NVDA), Netflix (NFLX), Alibaba Group (BABA), Advanced Micro Devices (AMD), Walt Disney (DIS) and Block (SQ).

Company Calendar

• Last Earnings: 8/07/2024
• Today: 9/21/2024
• Next Earnings (Estimated): 11/13/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Staples
• Industry: Food & kindred products
• Sub-Industry: Food Products
• Current Symbol: NASDAQ:BYND
• CUSIP: N/A
• CIK: 1655210
• Web: www.beyondmeat.com
• Phone: (866) 756-4112
• Fax: N/A
• Employees: 880
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $5.06
• High Stock Price Target: $7.00
• Low Stock Price Target: $3.00
• Potential Upside/Downside: -20.4%
• Consensus Rating: Strong Sell
• Rating Score (0-4): 1.33
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($5.16)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-338,140,000.00
• Net Margins: -98.95%
• Pretax Margin: -98.90%
• Return on Equity: N/A
• Return on Assets: -26.84%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 3.80
• Quick Ratio: 2.37

Sales & Book Value

• Annual Sales: $317.78 million
• Price / Sales: 1.30
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: ($7.95) per share
• Price / Book: -0.80

Miscellaneous

• Outstanding Shares: 64,885,000
• Free Float: 59,305,000
• Market Cap: $412.67 million
• Optionable: Optionable
• Beta: 2.25