Beyond Meat, Inc. (BYND) - What Are Analysts Thinking About This Stock?

Key Points

• Analysts are broadly bearish on Beyond Meat: Seven analysts have a consensus “Strong Sell” rating, with four sells and three holds. The average 12-month price target is $23.50.
• Beyond Meat shares recently traded at $7.24, near their 12-month low of $7.18, and well below their 50-day and 200-day moving averages.
• Institutional investors and hedge funds own 52.48% of the company, with BlackRock and several other firms establishing or adding positions during recent quarters.

Shares of Beyond Meat, Inc. (NASDAQ:BYND - Get Free Report) have received a consensus rating of "Strong Sell" from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating and three have assigned 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 $23.50.

BYND has been the subject of several recent research reports. Weiss Ratings reissued a "sell (d)" rating on shares of Beyond Meat in a research report on Friday, October 2nd. Barclays reaffirmed an "underweight" rating and set a $10.00 price objective (up from $0.50) on shares of Beyond Meat in a research report on Monday, August 17th. Finally, Wall Street Zen raised Beyond Meat from a "strong sell" rating to a "sell" rating in a research report on Sunday, September 13th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in Beyond Meat in the 2nd quarter valued at about $6,753,000. Squarepoint Ops LLC purchased a new position in shares of Beyond Meat in the 2nd quarter valued at about $1,550,000. Ieq Capital LLC purchased a new position in shares of Beyond Meat in the 2nd quarter valued at about $933,000. Hsbc Holdings PLC purchased a new position in shares of Beyond Meat in the 2nd quarter valued at about $511,000. Finally, Kaufman Rossin Wealth LLC acquired a new position in shares of Beyond Meat during the first quarter worth about $100,000. 52.48% of the stock is owned by institutional investors and hedge funds.

Beyond Meat Trading Down 1.0%

NASDAQ:BYND traded down $0.07 during trading hours on Tuesday, reaching $7.24. 153,409 shares of the stock were exchanged, compared to its average volume of 1,494,396. The company has a quick ratio of 2.07, a current ratio of 2.63 and a debt-to-equity ratio of 6.57. The business has a 50-day moving average of $11.64 and a two-hundred day moving average of $18.17. Beyond Meat has a twelve month low of $7.18 and a twelve month high of $230.70. The company has a market capitalization of $124.40 million, a price-to-earnings ratio of -0.13 and a beta of 2.85.

About Beyond Meat

Beyond Meat, Inc develops, manufactures and markets plant-based meat products designed to replicate the taste, texture and nutritional characteristics of animal-based meat. Its product portfolio has included plant-based burgers, ground meat, sausages, meatballs, chicken-style products and other alternatives made primarily from ingredients such as peas, soy, rice and other plant proteins.

The company sells its products through grocery and other retail outlets, restaurants, foodservice operators and online channels.

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