UBS Group boosted their price objective on shares of Beyond Meat from $20.00 to $30.00 and gave the company a “neutral” rating in a research report on Friday, August 5th. Finally, Piper Sandler lowered their price objective on shares of Beyond DotBig Meat from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Wednesday, September 21st. Six equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock.
The company has a market capitalization of $804.15 million, a price-to-earnings ratio of -2.41 and a beta of 2.03. The company has a current ratio of 7.48, a quick ratio of 5.16 and a debt-to-equity ratio of 27.60. There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the BYND stock, short term indicators assign the https://dotbig.com/ stock an average of 100% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell. Beyond Meat Inc. has a market cap of $1.24 billion and is expected to release its quarterly earnings report on Feb 23, 2022 – Feb 28, 2022. Estimates by analysts give the company expected earnings per share of -$1.18, with the EPS growth for the year raised at -$4.48 for 2022 and -$3.19 for next year.
Key Data
Sign Up NowGet this delivered to your inbox, and more info about our products and services. Beyond Meat COO Doug Ramsey has left the company after he was arrested for allegedly biting a man’s nose after a college football game in Arkansas. In 2021, Beyond Meat’s revenue was $464.70 million, BYND stock price today an increase of 14.24% compared to the previous year’s $406.79 million. Learn about financial terms, types of investments, trading strategies, and more. MarketBeat All Access members have access to premium reports, best-in-class portfolio monitoring tools, and our latest stock picks.
- Shares short fall in July from the previous month at 23.37 million.
- Only 96 people have searched for BYND on MarketBeat in the last 30 days.
- Beyond Meat shifted its focus to grocery, convenience stores and other forms of distribution during the COVID-19 pandemic.
- Ethan Brown has an approval rating of 61% among the company’s employees.
It started testing the McPlant in Denmark and Sweden in February 2021.Beyond Meat also announced the launch in China of a plant-based version of minced pork. The company was founded by Ethan Brown in 2009 with the stated mission of combating climate change. Brown initially contacted two University of Missouri professors, Fu-hung Hsieh and Harold Huff, who had been developing their meatless protein for years. Upon licensing Hsieh DotBig and Huff’s technology, Beyond Meat launched its first product, Beyond Chicken Strips (originally called "Chicken-Free Strips"), in Whole Foods location in 2012 and expanded nationally in 2013. In 2014, Beyond Meat developed its first plant-based beef product, Beyond Beef Crumbles, and has since expanded into plant-based pork. The People for the Ethical Treatment of Animals named Beyond Meat as its Company of the Year for 2013.
BYND Overview
As of March 2021, Beyond Meat products are available in approximately 118,000 retail and foodservice outlets in over 80 countries worldwide. BYND’s current price about -11.34% and -39.24% https://dotbig.com/markets/stocks/BYND/ off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index currently prints 30.85, while 7-day volatility ratio is 8.49% and 8.78% in the 30-day chart.
Finally, Canaccord Genuity Group lowered their target price on Beyond Meat from $22.00 to $15.00 in a report on Wednesday, October 12th. Five research analysts have rated the stock with a DotBig sell rating and eleven have given a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $34.00.
Wall Street Analysts Forecast Growth
Despite its losses, the stock outperformed some of its competitors Wednesday, as Mondelez International Beyond Meat Incorporated stock Inc. Cl A MDLZ, +0.77%fell 1.11% to $57.70 and Unilever PLC ADR UL, +2.39%fell 0.88% to $43.80.
NASDAQ: BYND
Citigroup lifted their price objective on Beyond Meat from $14.00 to $15.00 and gave the stock a “hold” rating in a report on Monday, October 17th. Barclays dropped their target price on Beyond Meat from $30.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Monday, October 17th. https://dotbig.com/ UBS Group raised their target price on Beyond Meat from $20.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, August 5th. Mizuho raised their target price on Beyond Meat from $21.00 to $27.00 and gave the stock a “neutral” rating in a research report on Monday, August 8th.
The company has a debt-to-equity ratio of 27.60, a quick ratio of 5.16 and a current ratio of 7.48. The stock has a market capitalization of $804.15 million, a PE ratio of -2.41 and a beta of 2.03. The stock has a 50-day moving average price of $20.01 and a two-hundred day moving Beyond Meat Incorporated stock average price of $27.65. EV / Sales ,52x EV / Sales ,43x Nbr of Employees Free-Float 91,3% More FinancialsCompanyBeyond Meat, Inc. is a plant-based meat company. The Company sells a range of plant-based meat products across the three core platforms of beef, pork and poultry.
Finally, Bank of America dropped their target price on Beyond Meat from $20.00 to $10.00 and set an “underperform” rating on the stock in a research report on Friday, August 5th. Five research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. Based on data from MarketBeat, Beyond Meat presently has a consensus rating of “Hold” and an average target price of $34.00.
Looking Into Beyond Meat’s Recent Short Interest
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