Beyond Meat (BYND) Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Beyond Meat in the last year. There are currently 5 sell ratings and 6 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BYND shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BYND, but not buy additional shares or sell existing shares.
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11 Wall Street research analysts have issued 1-year price targets for Beyond Meat's stock. Their BYND share price forecasts range from $8.00 to $30.00. On average, they anticipate the company's stock price to reach $14.25 in the next year. This suggests a possible upside of 32.4% from the stock's current price.
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Beyond Meat's stock was trading at $12.31 at the start of the year. Since then, BYND shares have decreased by 12.6% and is now trading at $10.76.
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Beyond Meat saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 25,290,000 shares, an increase of 29.6% from the April 30th total of 19,520,000 shares. Based on an average trading volume of 2,490,000 shares, the short-interest ratio is currently 10.2 days. Currently, 43.4% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
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Beyond Meat, Inc. (NASDAQ:BYND) posted its earnings results on Wednesday, May, 10th. The company reported ($0.92) EPS for the quarter, topping the consensus estimate of ($1.01) by $0.09. The firm earned $92.24 million during the quarter, compared to analysts' expectations of $92.07 million. During the same period in the previous year, the firm posted ($1.58) EPS.

ETFs with the largest weight of Beyond Meat (NASDAQ:BYND) stock in their portfolio include Global X AgTech & Food Innovation ETF (KROP), WisdomTree BioRevolution Fund (WDNA), VegTech Plant-based Innovation & Climate ETF (EATV), VanEck Future of Food ETF (YUMY), VanEck Agribusiness ETF (MOO), SPDR S&P Kensho New Economies Composite ETF (KOMP), Strategy Shares Halt Climate Change ETF (NZRO) and Grizzle Growth ETF (GRZZ).

Beyond Meat issued an update on its FY 2023 earnings guidance on Friday, May, 12th. The company provided EPS guidance of for the period. The company issued revenue guidance of $375.00 million-$415.00 million, compared to the consensus revenue estimate of $390.44 million.

19 employees have rated Beyond Meat Chief Executive Officer Ethan Brown on Glassdoor.com. Ethan Brown has an approval rating of 61% among the company's employees. This puts Ethan Brown in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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

(BYND) raised $176 million in an initial public offering (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 served as the underwriters for the IPO and BofA Merrill Lynch, Jefferies and William Blair were co-managers.

Beyond Meat trades on the NASDAQ under the ticker symbol "BYND."

Beyond Meat's stock is owned by a variety of institutional and retail investors. Top institutional investors include Wolverine Asset Management LLC (0.00%), Susquehanna International Group LLP (0.00%), Two Sigma Investments LP (0.00%), Geode Capital Management LLC (1.82%), Greenvale Capital LLP (0.00%) and Group One Trading L.P. (0.00%). Insiders that own company stock include Beth Moskowitz, Cari Soto, Charles Muth, Christopher Isaac Stone, Dariush Ajami, Diane Carhart, Lubi Kutua, Mark Joseph Nelson, Sanjay C Shah, Seth Goldman and Teri L Witteman.
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Shares of BYND stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BYND stock can currently be purchased for approximately $10.76.

Beyond Meat (NASDAQ:BYND) has a market capitalization of $691.11 million and generates $418.93 million in revenue each year. The company earns $-366,140,000.00 in net income (profit) each year or ($5.10) on an earnings per share basis.

The company employs 1,419 workers across the globe.

Beyond Meat's mailing address is 119 STANDARD STREET, EL SEGUNDO CA, 90245. The official website for the company is www.beyondmeat.com. The company can be reached via phone at (866) 756-4112 or via email at cwitty@darrowir.com.