Beyond Meat - BYND Stock Forecast, Price & News

13 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 8 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.
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13 brokerages have issued 1-year price objectives for Beyond Meat's stock. Their BYND share price forecasts range from $8.00 to $62.00. On average, they expect the company's stock price to reach $20.19 in the next year. This suggests a possible upside of 25.0% from the stock's current price.
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Beyond Meat's stock was trading at $65.16 at the beginning of 2022. Since then, BYND stock has decreased by 75.2% and is now trading at $16.15.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
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Beyond Meat, Inc. (NASDAQ:BYND) announced its quarterly earnings data on Wednesday, November, 9th. The company reported ($1.60) EPS for the quarter, missing analysts' consensus estimates of ($1.11) by $0.49. The company earned $82.50 million during the quarter, compared to analysts' expectations of $84.56 million. Beyond Meat had a negative net margin of 86.35% and a negative trailing twelve-month return on equity of 400.17%. The business's quarterly revenue was down 22.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.87) EPS.

Beyond Meat updated its FY 2022 earnings guidance on Wednesday, November, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $400.00 million-$425.00 million, compared to the consensus revenue estimate of $453.35 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 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 a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.96%), Citadel Advisors LLC (0.00%), Wolverine Asset Management LLC (0.00%), Jane Street Group LLC (0.00%), Group One Trading L.P. (0.00%) and CMT Capital Markets Trading GmbH (0.00%). Insiders that own company stock include Beth Moskowitz, Cari Soto, Charles Muth, Christopher Isaac Stone, Dariush Ajami, Diane Carhart, 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 $16.15.

Beyond Meat (NASDAQ:BYND) has a market capitalization of $1.03 billion and generates $464.70 million in revenue each year. The company earns $-182,100,000.00 in net income (profit) each year or ($5.98) 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.