Beyond Meat (NASDAQ:BYND) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Beyond Meat (NASDAQ:BYND) from a strong sell rating to a sell rating in a report issued on Sunday morning,Wall Street Zen reports.

Other equities analysts also recently issued reports about the company. Zacks Research raised Beyond Meat from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Barclays reissued an “underweight” rating and set a $10.00 price target (up from $0.50) on shares of Beyond Meat in a research report on Monday, August 17th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Beyond Meat in a research note on Wednesday, July 8th. Three equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Beyond Meat has a consensus rating of “Strong Sell” and a consensus price target of $23.50.

Beyond Meat Price Performance

BYND stock opened at $9.99 on Friday. The company has a current ratio of 2.63, a quick ratio of 2.07 and a debt-to-equity ratio of 6.57. The company has a market capitalization of $171.73 million, a PE ratio of -0.18 and a beta of 2.76. Beyond Meat has a 12-month low of $9.81 and a 12-month high of $230.70. The business’s fifty day moving average price is $14.99 and its 200 day moving average price is $20.04.

Institutional Investors Weigh In On Beyond Meat

Large investors have recently bought and sold shares of the stock. Evolve Private Wealth LLC acquired a new stake in Beyond Meat in the 1st quarter valued at about $25,000. State of Wyoming acquired a new position in shares of Beyond Meat during the first quarter worth about $27,000. Chicago Partners Investment Group LLC purchased a new stake in shares of Beyond Meat during the first quarter worth approximately $29,000. Leonteq Securities AG purchased a new stake in shares of Beyond Meat during the fourth quarter worth approximately $33,000. Finally, Two Sigma Securities LLC raised its holdings in Beyond Meat by 64.9% in the second quarter. Two Sigma Securities LLC now owns 51,002 shares of the company’s stock valued at $38,000 after acquiring an additional 20,070 shares in the last quarter. Hedge funds and other institutional investors own 52.48% of the company’s stock.

About Beyond Meat

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.