Beyond Meat - BYND Stock Forecast, Price & News

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Beyond Meat in the last twelve months. There are currently 6 sell ratings and 10 hold ratings for the stock. The consensus among Wall Street 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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16 brokerages have issued 12 month price objectives for Beyond Meat's stock. Their BYND share price forecasts range from $10.00 to $100.00. On average, they predict the company's share price to reach $40.00 in the next year. This suggests a possible upside of 20.4% from the stock's current price.
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Beyond Meat's stock was trading at $65.16 at the start of the year. Since then, BYND shares have decreased by 49.0% and is now trading at $33.22.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 9th 2022.
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Beyond Meat, Inc. (NASDAQ:BYND) announced its earnings results on Thursday, August, 4th. The company reported ($1.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.18) by $0.35. The firm had revenue of $147 million for the quarter, compared to analysts' expectations of $149.08 million. Beyond Meat had a negative trailing twelve-month return on equity of 400.17% and a negative net margin of 71.78%. Beyond Meat's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.31) EPS.

Beyond Meat updated its FY 2022 earnings guidance on Thursday, August, 18th. The company provided EPS guidance of for the period. The company issued revenue guidance of $470.00 million-$520.00 million, compared to the consensus revenue estimate of $559.93 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 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 shareholders include Baillie Gifford & Co. (13.26%), Wolverine Asset Management LLC (0.00%), SG Americas Securities LLC (1.75%), IMC Chicago LLC (0.00%), Clear Street LLC (0.00%) and Calamos Advisors LLC (0.00%). Insiders that own company stock include Beth Moskowitz, Cari Soto, Charles Muth, Christopher Isaac Stone, Dariush Ajami, Diane Carhart, Lengerich Bernhard Van, Mark Joseph Nelson, Raymond J Lane, 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 $33.22.

Beyond Meat (NASDAQ:BYND) has a market capitalization of $2.11 billion and generates $464.70 million in revenue each year. The company earns $-182,100,000.00 in net income (profit) each year or ($5.25) 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.