Beyond Meat (NASDAQ:BYND) Shares Gap Up to $168.10

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Beyond Meat (NASDAQ:BYND) gapped up before the market opened on Tuesday . The stock had previously closed at $180.50, but opened at $168.10. Beyond Meat shares last traded at $132.96, with a volume of 11350790 shares trading hands.

BYND has been the subject of several research reports. Credit Suisse Group upped their price target on shares of Beyond Meat from $70.00 to $125.00 in a research report on Friday, June 7th. Consumer Edge initiated coverage on shares of Beyond Meat in a research report on Monday, May 20th. They set an “equal weight” rating and a $89.35 price target for the company. Jefferies Financial Group assumed coverage on shares of Beyond Meat in a research report on Tuesday, May 28th. They set a “hold” rating and a $85.00 price target for the company. William Blair assumed coverage on shares of Beyond Meat in a report on Tuesday, May 28th. They issued a “market perform” rating for the company. Finally, Sanford C. Bernstein lowered shares of Beyond Meat from an “outperform” rating to a “market perform” rating and set a $123.00 target price for the company. in a report on Wednesday. They noted that the move was a valuation call. Eight investment analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average price target of $104.48.

Beyond Meat (NASDAQ:BYND) last released its earnings results on Thursday, June 6th. The company reported ($0.14) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.14). The firm had revenue of $40.20 million during the quarter, compared to analysts’ expectations of $38.93 million. Beyond Meat’s revenue for the quarter was up 214.1% on a year-over-year basis. Analysts expect that Beyond Meat will post -0.26 EPS for the current year.

In other Beyond Meat news, insider Dariush Ajami purchased 2,000 shares of the company’s stock in a transaction on Monday, May 6th. The stock was acquired at an average cost of $25.00 per share, for a total transaction of $50,000.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Raymond J. Lane purchased 29,442 shares of the company’s stock in a transaction on Monday, May 6th. The stock was acquired at an average price of $25.00 per share, with a total value of $736,050.00. The disclosure for this purchase can be found here.

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Beyond Meat Company Profile (NASDAQ:BYND)

Beyond Meat, Inc, a food company, manufactures, markets, and sells plant-based meat products in the United States and internationally. The company sells its products under the Beyond Beef, Beyond Chicken, The Beyond Burger, Beyond Meat, Beyond Sausage, Eat What You Love, and The Cookout Classic brand names.

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