Barclays started coverage on shares of Beyond Meat (NASDAQ:BYND) in a research report released on Thursday, BenzingaRatingsTable reports. The brokerage issued an overweight rating and a $185.00 target price on the stock.

Several other brokerages have also recently commented on BYND. Credit Suisse Group boosted their price target on shares of Beyond Meat from $70.00 to $125.00 and gave the stock a neutral rating in a research report on Tuesday, July 9th. Goldman Sachs Group started coverage on shares of Beyond Meat in a research report on Monday, May 27th. They issued a neutral rating and a $67.00 price target on the stock. DA Davidson started coverage on shares of Beyond Meat in a research report on Thursday, September 5th. They issued an underperform rating and a $130.00 price target on the stock. Sanford C. Bernstein cut shares of Beyond Meat from an outperform rating to a market perform rating and set a $123.00 price target on the stock. in a research report on Wednesday, June 12th. They noted that the move was a valuation call. Finally, William Blair started coverage on shares of Beyond Meat in a research report on Tuesday, May 28th. They issued a market perform rating on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $139.24.

Beyond Meat stock opened at $155.26 on Thursday. The stock has a fifty day simple moving average of $158.68. The company has a debt-to-equity ratio of 0.07, a current ratio of 8.95 and a quick ratio of 7.90. Beyond Meat has a 12 month low of $45.00 and a 12 month high of $239.71.

Beyond Meat (NASDAQ:BYND) last released its quarterly earnings data on Monday, July 29th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.09. The business had revenue of $67.25 million during the quarter, compared to analyst estimates of $50.94 million. On average, analysts anticipate that Beyond Meat will post -0.24 earnings per share for the current fiscal year.

In related news, major shareholder Perkins Caufield & Bye Kleiner sold 723,862 shares of Beyond Meat stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $154.00, for a total value of $111,474,748.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Mark Joseph Nelson sold 64,452 shares of Beyond Meat stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $160.00, for a total value of $10,312,320.00. The disclosure for this sale can be found here. Insiders sold a total of 821,957 shares of company stock worth $127,169,948 in the last three months.

Institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. purchased a new position in Beyond Meat in the 2nd quarter worth about $11,412,000. Commonwealth Equity Services LLC purchased a new position in Beyond Meat in the 2nd quarter worth about $1,057,000. Flagship Harbor Advisors LLC purchased a new position in Beyond Meat in the 2nd quarter worth about $64,000. Advisor Group Inc. purchased a new position in Beyond Meat in the 2nd quarter worth about $362,000. Finally, Atika Capital Management LLC purchased a new position in Beyond Meat in the 2nd quarter worth about $11,408,000. 9.44% of the stock is currently owned by hedge funds and other institutional investors.

Beyond Meat Company Profile

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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Analyst Recommendations for Beyond Meat (NASDAQ:BYND)

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