Beyond Meat, Inc. (NASDAQ:BYND) Receives Consensus Rating of “Strong Sell” from Analysts

Shares of Beyond Meat, Inc. (NASDAQ:BYND – Get Free Report) have been assigned an average recommendation of “Strong Sell” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $23.50.

A number of analysts have recently commented on BYND shares. Zacks Research upgraded shares of Beyond Meat from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Weiss Ratings restated a “sell (d)” rating on shares of Beyond Meat in a research report on Wednesday, July 8th. Wall Street Zen upgraded shares of Beyond Meat from a “strong sell” rating to a “sell” rating in a report on Sunday, September 13th. Finally, Barclays reaffirmed an “underweight” rating and issued a $10.00 target price (up from $0.50) on shares of Beyond Meat in a research report on Monday, August 17th.

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Institutional Trading of Beyond Meat

Hedge funds have recently bought and sold shares of the company. Two Sigma Securities LLC raised its position in Beyond Meat by 64.9% in the 2nd quarter. Two Sigma Securities LLC now owns 51,002 shares of the company’s stock worth $38,000 after purchasing an additional 20,070 shares during the period. Evolve Private Wealth LLC purchased a new position in shares of Beyond Meat during the first quarter valued at approximately $25,000. State of Wyoming purchased a new position in shares of Beyond Meat during the first quarter valued at approximately $27,000. Leonteq Securities AG bought a new position in shares of Beyond Meat during the fourth quarter valued at approximately $33,000. Finally, Chicago Partners Investment Group LLC bought a new position in shares of Beyond Meat during the first quarter valued at approximately $29,000. Hedge funds and other institutional investors own 52.48% of the company’s stock.

Beyond Meat Price Performance

Shares of NASDAQ:BYND opened at $9.19 on Friday. The company has a debt-to-equity ratio of 6.57, a quick ratio of 2.07 and a current ratio of 2.63. The firm has a market cap of $157.98 million, a price-to-earnings ratio of -0.17 and a beta of 2.76. The business has a 50-day simple moving average of $13.83 and a two-hundred day simple moving average of $19.36. Beyond Meat has a fifty-two week low of $9.06 and a fifty-two week high of $230.70.

Beyond Meat Company Profile

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Beyond Meat, Inc develops, produces and markets plant-based meat alternatives designed to replicate the taste, texture and nutritional attributes of conventional animal-based meat. Its products are made primarily from plant-derived ingredients and are intended for consumers seeking alternatives to beef, pork and poultry.

The company’s product portfolio has included plant-based burgers, ground meat, sausages, meatballs, chicken-style tenders and nuggets, and other prepared meat alternatives.

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