Barclays Cuts Benson Hill (NYSE:BHIL) Price Target to $3.00

Benson Hill (NYSE:BHIL – Get Rating) had its target price decreased by Barclays from $5.00 to $3.00 in a research report released on Tuesday morning, The Fly reports.

Benson Hill Price Performance

Benson Hill stock opened at $1.50 on Tuesday. The stock’s fifty day moving average price is $2.38 and its two-hundred day moving average price is $2.67. The firm has a market cap of $309.69 million, a PE ratio of -2.44 and a beta of 1.54. Benson Hill has a one year low of $1.47 and a one year high of $5.85. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.54 and a quick ratio of 3.86.

Benson Hill (NYSE:BHIL – Get Rating) last issued its earnings results on Monday, March 13th. The company reported ($0.17) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.17). The firm had revenue of $99.18 million for the quarter, compared to the consensus estimate of $99.50 million. Benson Hill had a negative return on equity of 33.72% and a negative net margin of 30.90%. During the same quarter last year, the business posted ($0.32) EPS. As a group, research analysts expect that Benson Hill will post -0.42 EPS for the current fiscal year.

Insider Buying and Selling at Benson Hill

In other Benson Hill news, CFO Dean P. Freeman sold 26,703 shares of the firm’s stock in a transaction on Monday, February 6th. The stock was sold at an average price of $2.55, for a total value of $68,092.65. Following the sale, the chief financial officer now owns 157,527 shares of the company’s stock, valued at approximately $401,693.85. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.30% of the company’s stock.

Institutional Investors Weigh In On Benson Hill

Several hedge funds have recently modified their holdings of BHIL. Alphabet Inc. acquired a new stake in shares of Benson Hill during the 3rd quarter valued at $42,065,000. BlackRock Inc. boosted its holdings in shares of Benson Hill by 55.8% during the 3rd quarter. BlackRock Inc. now owns 18,105,051 shares of the company’s stock valued at $49,608,000 after acquiring an additional 6,485,440 shares in the last quarter. State Street Corp boosted its holdings in shares of Benson Hill by 690.7% during the 2nd quarter. State Street Corp now owns 3,586,885 shares of the company’s stock valued at $9,828,000 after acquiring an additional 3,133,270 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Benson Hill during the 1st quarter valued at $7,429,000. Finally, Apollo Management Holdings L.P. acquired a new stake in shares of Benson Hill during the 2nd quarter valued at $5,206,000. Institutional investors and hedge funds own 34.35% of the company’s stock.

About Benson Hill

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Benson Hill, Inc, together with its subsidiaries, operates as a food technology company that unlocks natural genetic diversity of plants. It operates in two segments, Ingredients and Fresh. The company offers CropOS, a technology platform, which uses artificial intelligence, data, and various advanced breeding techniques that combine data, plant, and food sciences to deliver crops optimized for food, ingredient, and feed products.