Benson Hill (NYSE:BHIL) PT Lowered to $3.75

Benson Hill (NYSE:BHIL – Get Rating) had its target price cut by equities research analysts at The Goldman Sachs Group from $4.25 to $3.75 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. The Goldman Sachs Group’s target price would indicate a potential upside of 148.34% from the stock’s current price.

A number of other research analysts have also recently weighed in on the stock. Oppenheimer cut their price objective on shares of Benson Hill from $7.00 to $5.00 and set an “outperform” rating on the stock in a research report on Tuesday. Lake Street Capital dropped their target price on shares of Benson Hill from $7.00 to $4.50 in a report on Tuesday. Finally, Barclays dropped their target price on shares of Benson Hill from $5.00 to $3.00 and set an “overweight” rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $5.04.

Benson Hill Stock Performance

BHIL opened at $1.51 on Tuesday. The firm has a market cap of $311.76 million, a P/E ratio of -2.01 and a beta of 1.54. Benson Hill has a 1-year low of $1.34 and a 1-year high of $5.85. The company has a 50 day simple moving average of $2.36 and a two-hundred day simple moving average of $2.66. 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 posted its quarterly earnings results on Monday, March 13th. The company reported ($0.17) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.17). The business had revenue of $99.18 million during the quarter, compared to analyst estimates of $99.50 million. Benson Hill had a negative net margin of 30.90% and a negative return on equity of 33.72%. During the same period in the prior year, the business posted ($0.32) earnings per share. Equities analysts forecast that Benson Hill will post -0.66 earnings per share for the current fiscal year.

Insider Activity at Benson Hill

In related news, CFO Dean P. Freeman sold 26,703 shares of Benson Hill stock in a transaction on Monday, February 6th. The shares were 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BHIL. Wagner Wealth Management LLC purchased a new stake in Benson Hill in the 2nd quarter valued at about $25,000. HB Wealth Management LLC acquired a new position in Benson Hill in the 4th quarter valued at about $30,000. Mackenzie Financial Corp acquired a new position in Benson Hill in the 2nd quarter valued at about $32,000. Putnam Investments LLC acquired a new position in shares of Benson Hill during the fourth quarter worth about $35,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Benson Hill during the fourth quarter worth about $38,000. Hedge funds and other institutional investors 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.