Brokerages Set Beyond Meat, Inc. (NASDAQ:BYND) Target Price at $1.70

Beyond Meat, Inc. (NASDAQ:BYNDGet Free Report) has received a consensus rating of “Strong Sell” from the eight ratings firms that are covering the company, Marketbeat.com reports. Six analysts have rated the stock with a sell rating and two have issued a hold rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $1.70.

Several research analysts have commented on BYND shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Beyond Meat in a report on Wednesday, January 21st. Mizuho reduced their price objective on shares of Beyond Meat from $1.50 to $1.00 and set an “underperform” rating on the stock in a report on Thursday, November 13th. Finally, Barclays decreased their price objective on shares of Beyond Meat from $2.00 to $1.00 and set an “underweight” rating for the company in a research report on Wednesday, November 12th.

Check Out Our Latest Analysis on Beyond Meat

Beyond Meat Price Performance

BYND stock opened at $0.79 on Monday. Beyond Meat has a 1 year low of $0.50 and a 1 year high of $7.69. The firm has a market capitalization of $359.68 million, a P/E ratio of -0.25 and a beta of 2.62. The business’s 50-day moving average is $0.83 and its two-hundred day moving average is $1.45.

Key Headlines Impacting Beyond Meat

Here are the key news stories impacting Beyond Meat this week:

Institutional Investors Weigh In On Beyond Meat

Institutional investors have recently added to or reduced their stakes in the business. Pitcairn Co. acquired a new position in Beyond Meat in the second quarter valued at approximately $37,000. Rathbones Group PLC purchased a new position in shares of Beyond Meat during the second quarter worth about $40,000. Banco Santander S.A. acquired a new stake in shares of Beyond Meat during the third quarter worth about $25,000. Russell Investments Group Ltd. increased its position in shares of Beyond Meat by 400.2% during the third quarter. Russell Investments Group Ltd. now owns 14,786 shares of the company’s stock worth $28,000 after purchasing an additional 11,830 shares in the last quarter. Finally, Savant Capital LLC purchased a new stake in shares of Beyond Meat in the 3rd quarter valued at about $28,000. Hedge funds and other institutional investors own 52.48% of the company’s stock.

Beyond Meat Company Profile

(Get Free Report)

Beyond Meat, Inc (NASDAQ: BYND) develops, manufactures and sells plant-based meat substitutes designed to replicate the taste, texture and appearance of animal-based proteins. Since its founding in 2009 by Ethan Brown and initial public offering in 2019, the company has focused on leveraging proprietary technology and ingredient blends to produce a suite of products that cater to both retail and foodservice channels. Beyond Meat’s mission centers on offering more sustainable protein options by reducing reliance on livestock farming and its associated environmental footprint.

The company’s product portfolio includes Beyond Burger, Beyond Sausage, Beyond Beef and Beyond Chicken, each formulated to appeal to a broad range of consumers seeking meat alternatives without compromising on flavor or cooking versatility.

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Analyst Recommendations for Beyond Meat (NASDAQ:BYND)

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