Beyond Meat (NASDAQ:BYND)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $156.46, but opened at $155.13. Beyond Meat shares last traded at $157.03, with a volume of 111,880 shares traded.
A number of research analysts have commented on the company. William Blair assumed coverage on Beyond Meat in a research note on Tuesday, May 28th. They set a “market perform” rating on the stock. Goldman Sachs Group assumed coverage on Beyond Meat in a research note on Monday, May 27th. They set a “neutral” rating and a $67.00 price target on the stock. Zacks Investment Research upgraded Beyond Meat from a “hold” rating to a “buy” rating and set a $197.00 price target on the stock in a research note on Tuesday, August 6th. Jefferies Financial Group upped their price target on Beyond Meat from $85.00 to $105.00 and gave the stock a “hold” rating in a research note on Friday, June 7th. They noted that the move was a valuation call. Finally, Bank of America upped their price target on Beyond Meat from $170.00 to $182.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $134.67.
The business has a 50 day simple moving average of $172.44. The company has a quick ratio of 7.90, a current ratio of 8.95 and a debt-to-equity ratio of 0.07.
In related news, major shareholder Perkins Caufield & Bye Kleiner sold 723,862 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $154.00, for a total value of $111,474,748.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Mark Joseph Nelson sold 64,452 shares of the stock in a transaction on Monday, August 5th. The shares were 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 have sold 821,957 shares of company stock worth $127,169,948 in the last ninety days.
A number of large investors have recently bought and sold shares of the stock. Rocky Mountain Advisers LLC purchased a new stake in Beyond Meat during the 2nd quarter worth $32,000. Sandy Spring Bank bought a new stake in shares of Beyond Meat in the 2nd quarter worth about $32,000. Sterling Investment Advisors Ltd. bought a new stake in shares of Beyond Meat in the 2nd quarter worth about $32,000. Golden State Wealth Management LLC bought a new stake in shares of Beyond Meat in the 2nd quarter worth about $40,000. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of Beyond Meat in the 2nd quarter worth about $53,000. 2.69% of the stock is currently owned by hedge funds and other institutional investors.
About Beyond Meat (NASDAQ:BYND)
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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