Beyond Meat (BYND) Stock Forecast, Price & News

9 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 4 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "strong sell" BYND shares.
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9 equities research analysts have issued 1 year target prices for Beyond Meat's stock. Their BYND share price forecasts range from $3.00 to $18.00. On average, they predict the company's stock price to reach $12.00 in the next year. This suggests a possible upside of 25.5% from the stock's current price.
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Beyond Meat's stock was trading at $12.31 on January 1st, 2023. Since then, BYND shares have decreased by 22.3% and is now trading at $9.56.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
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Beyond Meat, Inc. (NASDAQ:BYND) announced its quarterly earnings results on Monday, August, 7th. The company reported ($0.83) earnings per share for the quarter, missing analysts' consensus estimates of ($0.81) by $0.02. The business had revenue of $102.15 million for the quarter, compared to analysts' expectations of $108.74 million. Beyond Meat's quarterly revenue was down 30.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($1.53) earnings per share.

ETFs with the largest weight of Beyond Meat (NASDAQ:BYND) stock in their portfolio include Global X AgTech & Food Innovation ETF (KROP), VegTech Plant-based Innovation & Climate ETF (EATV), WisdomTree BioRevolution Fund (WDNA) and VanEck Future of Food ETF (YUMY).VanEck Agribusiness ETF (MOO).

Beyond Meat updated its FY 2023 earnings guidance on Monday, August, 7th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $360.00 million-$380.00 million, compared to the consensus revenue estimate of $388.04 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 a price of $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 many different institutional and retail investors. Top institutional investors include Wolverine Asset Management LLC (0.00%), Whitebox Advisors LLC (0.00%), Citadel Advisors LLC (0.00%), Geode Capital Management LLC (1.85%), Simplex Trading LLC (0.00%) and Aristeia Capital LLC (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 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 $9.56.

Beyond Meat (NASDAQ:BYND) has a market capitalization of $615.57 million and generates $418.93 million in revenue each year. The company earns $-366,140,000.00 in net income (profit) each year or ($4.40) on an earnings per share basis.

The company employs 787 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.