Several other equities research analysts have also recently issued reports on the stock. Mizuho raised their target price on shares of Beyond Meat from $21.00 to $27.00 and gave the stock a neutral rating in a report on Monday, August 8th. Bank of America dropped their target price on shares of Beyond Meat from $20.00 to $10.00 and set an underperform rating on the stock in a report on Friday, August 5th. Piper Sandler dropped their target price on shares of Beyond Meat from $9.00 to $8.00 and set an underweight rating on the stock in a report on Wednesday. UBS Group raised their target price on shares of Beyond Meat from $20.00 to $30.00 and gave the stock a neutral rating in a report on Friday, August 5th. Finally, Barclays raised their target price on shares of Beyond Meat from $25.00 to $30.00 and gave the stock an equal weight rating in a report on Monday, August 8th. Six research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $40.47.
Beyond Meat Price Performance
Shares of BYND opened at $15.25 on Thursday. The company has a market capitalization of $970.94 million, a P/E ratio of -2.90 and a beta of 1.86. The company has a quick ratio of 5.16, a current ratio of 7.48 and a debt-to-equity ratio of 27.60. The firm has a 50 day moving average of $28.94 and a 200 day moving average of $32.71. Beyond Meat has a twelve month low of $14.61 and a twelve month high of $115.03.
Insider Activity at Beyond Meat
In related news, insider Beth Moskowitz sold 773 shares of Beyond Meat stock in a transaction on Monday, August 8th. The shares were sold at an average price of $42.70, for a total transaction of $33,007.10. Following the transaction, the insider now owns 24,358 shares in the company, valued at approximately $1,040,086.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 7.90% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Federated Hermes Inc. purchased a new position in shares of Beyond Meat during the 2nd quarter valued at $106,000. Brown Advisory Inc. increased its holdings in Beyond Meat by 49.2% in the 2nd quarter. Brown Advisory Inc. now owns 8,974 shares of the company’s stock valued at $215,000 after acquiring an additional 2,960 shares during the last quarter. Captrust Financial Advisors increased its holdings in Beyond Meat by 48.6% in the 2nd quarter. Captrust Financial Advisors now owns 1,746 shares of the company’s stock valued at $42,000 after acquiring an additional 571 shares during the last quarter. Legal & General Group Plc increased its holdings in Beyond Meat by 7.0% in the 2nd quarter. Legal & General Group Plc now owns 55,367 shares of the company’s stock valued at $1,325,000 after acquiring an additional 3,616 shares during the last quarter. Finally, Chilton Investment Co. Inc. bought a new stake in Beyond Meat in the 2nd quarter valued at $798,000. Hedge funds and other institutional investors own 60.98% of the company’s stock.
Beyond Meat Company Profile
Beyond Meat, Inc manufactures, markets, and sells plant-based meat products in the United States and internationally. The company sells a range of plant-based meat products across the platforms of beef, pork, and poultry. It sells its products through grocery, mass merchandiser, club store, convenience store and natural retailer channels, and direct-to-consumer, as well as various food-away-from-home channels, including restaurants, foodservice outlets, and schools.
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