Beyond Meat (NASDAQ:BYND) had its price target increased by Credit Suisse Group from $70.00 to $125.00 in a report issued on Tuesday, 24/7 WallStreet reports. Credit Suisse Group currently has a neutral rating on the stock.
Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. reiterated a buy rating on shares of Intel in a research note on Tuesday, June 11th. Consumer Edge initiated coverage on shares of Beyond Meat in a research note on Monday, May 20th. They issued an equal weight rating and a $89.35 price target for the company. Goldman Sachs Group initiated coverage on shares of Beyond Meat in a research note on Monday, May 27th. They issued a neutral rating and a $67.00 price target for the company. Jefferies Financial Group increased their price target on shares of Avid Technology from $6.50 to $8.50 and gave the stock a hold rating in a research note on Friday, June 7th. Finally, Sanford C. Bernstein set a €25.00 ($29.07) price target on shares of Deutsche Lufthansa and gave the stock a buy rating in a research note on Wednesday, June 12th. Eight investment analysts have rated the stock with a hold rating, The company has an average rating of Hold and an average target price of $104.48.
Shares of Beyond Meat stock opened at $174.20 on Tuesday. The stock has a 50-day simple moving average of $135.37. Beyond Meat has a 1 year low of $45.00 and a 1 year high of $201.88.
Beyond Meat (NASDAQ:BYND) last issued its quarterly earnings results on Thursday, June 6th. The company reported ($0.14) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.14). The business had revenue of $40.20 million during the quarter, compared to the consensus estimate of $38.93 million. The company’s revenue for the quarter was up 214.1% on a year-over-year basis. On average, analysts anticipate that Beyond Meat will post -0.26 earnings per share for the current year.
In related news, insider Dariush Ajami purchased 2,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were purchased at an average price of $25.00 per share, with a total value of $50,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Raymond J. Lane purchased 29,442 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were bought at an average cost of $25.00 per share, for a total transaction of $736,050.00. The disclosure for this purchase can be found here.
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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