NASDAQ:BYND

Beyond Meat (BYND) Stock Forecast, Price & News

$12.06

-0.82 (-6.37%)

(As of 06/9/2023 ET)

Compare

Today's Range: $11.48
▼
$13.30
50-Day Range: $10.02
▼
$16.37
52-Week Range: $9.81
▼
$44.59

Volume: 5.96 million shs
Average Volume: 2.68 million shs
Market Capitalization: $774.61 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $14.25

Beyond Meat MarketRank™ Forecast

Analyst Rating: Hold
1.55 Rating Score
Upside/Downside: 18.2% Upside
$14.25 Price Target
Short Interest: Bearish
43.39% of Float Sold Short
Dividend Strength: N/A
Sustainability: -3.45
Upright™ Environmental Score
News Sentiment: 0.61
Based on 8 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($3.30) to ($2.51) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.26 out of 5 stars

Consumer Staples Sector

130th out of 136 stocks

Food & Kindred Products Industry

14th out of 17 stocks

1.8

Analyst's Opinion

Consensus Rating
Beyond Meat has received a consensus rating of Hold. The company's average rating score is 1.55, and is based on no buy ratings, 6 hold ratings, and 5 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $14.25, Beyond Meat has a forecasted upside of 18.2% from its current price of $12.06.
Amount of Analyst Coverage
Beyond Meat has only been the subject of 1 research reports in the past 90 days.

0.0

Short Interest

Percentage of Shares Shorted
43.39% 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 10.2, which indicates bearish sentiment.
Change versus previous month
Short interest in Beyond Meat has recently increased by 29.56%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Beyond Meat does not currently pay a dividend.
Dividend Growth
Beyond Meat does not have a long track record of dividend growth.

3.1

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Beyond Meat has received a 31.93% net impact score from Upright. The largest positive contribution comes from its "Nutrition" impact, which is driven by its "Frozen pea protein patties" and "Frozen vegetable nuggets" products. See details.
Environmental Sustainability
The Environmental Impact score for Beyond Meat is -3.45.

2.0

News and Social Media Coverage

News Sentiment
Beyond Meat has a news sentiment score of 0.61. 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 news sentiment score is similar to the average news sentiment of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Beyond Meat this week, compared to 8 articles on an average week.
Search Interest
Only 38 people have searched for BYND on MarketBeat in the last 30 days. This is a decrease of -7% compared to the previous 30 days.
MarketBeat Follows
21 people have added Beyond Meat to their MarketBeat watchlist in the last 30 days. This is an increase of 250% compared to the previous 30 days.

0.8

Company Ownership

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 7.90% of the stock of Beyond Meat is held by insiders.
Percentage Held by Institutions
41.12% of the stock of Beyond Meat is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Beyond Meat are expected to grow in the coming year, from ($3.30) to ($2.51) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Beyond Meat is -2.36, 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 -2.36, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

See Top Rated MarketRank™ Stocks Here

About Beyond Meat (NASDAQ:BYND) Stock

Beyond Meat, Inc. engages in the provision of plant-based meats. Its products include ready-to-cook meat under The Beyond Burger and Beyond Sausage brands, and frozen meat, namely, Beyond Chicken Strips and Beyond Beef Crumbles. The company was founded by Ethan Walden Brown and Brent Taylor in 2009 and is headquartered in El Segundo, CA.

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BYND Stock News Headlines

May 17, 2023 | marketbeat.com

Beyond Meat Turns A Corner, But Now Is Not The Time To Buy It

Beyond Meat is not beyond hope, but that won't keep the share prices from falling; a new filing to raise capital and short-interest will see to that.

May 10, 2023 | marketbeat.com

Beyond Meat revenue falls 16% in the first quarter due to weak consumer demand

Beyond Meat says its first-quarter revenue fell nearly 16% due to lower demand in most markets for its plant-based burgers, sausages and other products

June 10, 2023 | Vantage Point (Ad)

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June 10, 2023 | americanbankingnews.com

Beyond Meat Target of Unusually Large Options Trading (NASDAQ:BYND)

June 9, 2023 | msn.com

Why Beyond Meat (BYND) Stock Is Falling

June 8, 2023 | investorplace.com

Is a Massive Short Squeeze Brewing in Beyond Meat (BYND) Stock?

June 8, 2023 | msn.com

Carvana, Beyond Meat and Wayfair jump as shorts get put to the test

June 8, 2023 | markets.businessinsider.com

What In The World Is Going On With Beyond Meat (BYND) Stock

June 10, 2023 | Vector Vest (Ad)

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June 8, 2023 | finance.yahoo.com

Beyond Meat, Inc.'s (NASDAQ:BYND) Price Is Out Of Tune With Revenues

June 6, 2023 | benzinga.com

DEADLINE ALERT for BYND, DIS, STEM, VTRS: Law Offices of Howard G. Smith Reminds Investors of Class Actions on Behalf of Shareholders

June 1, 2023 | yahoo.com

Beyond Meat Is Being Sued Again—This Time by Its Own Investors

June 1, 2023 | msn.com

Barclays Maintains Beyond Meat (BYND) Underweight Recommendation

June 1, 2023 | americanbankingnews.com

Beyond Meat (NASDAQ:BYND) Given New $9.00 Price Target at Barclays

May 30, 2023 | benzinga.com

Beyond Meat, Inc. (BYND) Securities Fraud Class Action: Investors Should Contact Robbins LLP About Their Rights Against Beyond Meat, Inc.

May 30, 2023 | seekingalpha.com

Beyond Meat: Macro Headwinds And Increasing Competition

May 27, 2023 | barrons.com

ROSEN, A TOP RANKED FIRM, Encourages Beyond Meat, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - BYND

May 27, 2023 | americanbankingnews.com

Beyond Meat (NASDAQ:BYND) Shares Down 7%

May 27, 2023 | americanbankingnews.com

Brokerages Set Beyond Meat, Inc. (NASDAQ:BYND) Target Price at $14.33

May 25, 2023 | theglobeandmail.com

BYND Investors Have Opportunity to Lead Beyond Meat, Inc. Securities Fraud Lawsuit

May 25, 2023 | benzinga.com

FILING DEADLINE--Kuznicki Law PLLC Announces Class Action on Behalf of Shareholders of Beyond Meat, Inc. - BYND

May 24, 2023 | fool.com

Beyond Meat (NASDAQ: BYND)

May 24, 2023 | msn.com

Is Beyond Meat Stock A Buying Opportunity As It Nears All-Time Lows?

May 23, 2023 | benzinga.com

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Beyond Meat, Inc. (BYND)

May 22, 2023 | benzinga.com

BYND LAWSUIT ALERT: Levi & Korsinsky Notifies Beyond Meat, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline

May 22, 2023 | benzinga.com

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Beyond Meat, Inc. - BYND

May 19, 2023 | benzinga.com

ROSEN, A LEADING LAW FIRM, Encourages Beyond Meat, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - BYND

See More Headlines

BYND Price History

30 days | 90 days | 365 days | Advanced Chart

BYND Company Calendar

Last Earnings: 5/10/2023
Today: 6/09/2023
Next Earnings (Estimated): 8/03/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Food & kindred products
Sub-Industry: N/A
Sector: Consumer Staples
Current Symbol: NASDAQ:BYND
CUSIP: N/A
CIK: 1655210
Web: www.beyondmeat.com
Phone: (866) 756-4112
Fax: N/A
Employees: 1,419
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $14.25
High Stock Price Forecast: $30.00
Low Stock Price Forecast: $8.00
Forecasted Upside/Downside: +18.2%
Consensus Rating: Hold
Rating Score (0-4): 1.55
Research Coverage: 11 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($5.10)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-366,140,000.00
Net Margins: -80.83%
Pretax Margin: -75.47%
Return on Equity: N/A
Return on Assets: -29.47%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 9.13
Quick Ratio: 5.42

Sales & Book Value

Annual Sales: $418.93 million
Price / Sales: 1.85
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: ($3.19) per share
Price / Book: -3.78

Miscellaneous

Outstanding Shares: 64,230,000
Free Float: 59,153,000
Market Cap: $774.61 million
Optionable: Not Optionable
Beta: 2.01

Key Executives

Ethan Walden Brown
President, Chief Executive Officer & Director

Jonathan Nelson
Senior Vice President-Operations

Lubi Kutua
Chief Financial Officer & Treasurer

Dariush Ajami
Chief Innovation Officer

Beth Moskowitz
Chief Brand Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

BYND Stock - Frequently Asked Questions

Should I buy or sell Beyond Meat stock right now?: 11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Beyond Meat in the last twelve months. There are currently 5 sell ratings and 6 hold ratings for the stock. The consensus among Wall Street 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.
View BYND analyst ratings or view top-rated stocks.
What is Beyond Meat's stock price forecast for 2023?: 11 brokers have issued 1-year price objectives for Beyond Meat's stock. Their BYND share price forecasts range from $8.00 to $30.00. On average, they anticipate the company's share price to reach $14.25 in the next twelve months. This suggests a possible upside of 18.2% from the stock's current price.
View analysts price targets for BYND or view top-rated stocks among Wall Street analysts.
How have BYND shares performed in 2023?: Beyond Meat's stock was trading at $12.31 on January 1st, 2023. Since then, BYND shares have decreased by 2.0% and is now trading at $12.06.
View the best growth stocks for 2023 here.
When is Beyond Meat's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our BYND earnings forecast.
How were Beyond Meat's earnings last quarter?: Beyond Meat, Inc. (NASDAQ:BYND) announced its earnings results on Wednesday, May, 10th. The company reported ($0.92) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.01) by $0.09. The business had revenue of $92.24 million for the quarter, compared to analyst estimates of $92.07 million. During the same quarter in the previous year, the firm posted ($1.58) EPS.
What ETFs hold Beyond Meat's stock?: 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).
What guidance has Beyond Meat issued on next quarter's earnings?: 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.
What is Ethan Brown's approval rating as Beyond Meat's CEO?: 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.

What other stocks do shareholders of Beyond Meat own?: 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).
When did Beyond Meat IPO?: (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 served as the underwriters for the IPO and BofA Merrill Lynch, Jefferies and William Blair were co-managers.
What is Beyond Meat's stock symbol?: Beyond Meat trades on the NASDAQ under the ticker symbol "BYND."
Who are Beyond Meat's major shareholders?: Beyond Meat's stock is owned by many different institutional and retail investors. Top institutional shareholders 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.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Beyond Meat's stock price today?: One share of BYND stock can currently be purchased for approximately $12.06.
How much money does Beyond Meat make?: Beyond Meat (NASDAQ:BYND) has a market capitalization of $774.61 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.
How many employees does Beyond Meat have?: The company employs 1,419 workers across the globe.
How can I contact Beyond Meat?: 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.

This page (NASDAQ:BYND) was last updated on 6/10/2023 by MarketBeat.com Staff

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