BMO Capital analyst Andrew Strelzik maintained a Hold rating on Beyond Meat (BYND – Research Report) today and set a price target of $7.00. The company’s shares closed yesterday at $6.62.
Strelzik covers the Consumer Cyclical sector, focusing on stocks such as Darden, Wendy’s, and Bloomin’ Brands. According to TipRanks, Strelzik has an average return of 3.2% and a 54.55% success rate on recommended stocks.
Beyond Meat has an analyst consensus of Moderate Sell, with a price target consensus of $6.69, a 1.06% upside from current levels. In a report released yesterday, Bernstein also maintained a Hold rating on the stock with a $9.00 price target.
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BYND market cap is currently $448.8M and has a P/E ratio of -1.50.
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Beyond Meat (BYND) Company Description:
Beyond Meat, Inc. engages in the provision of plant-based meats. Its products include ready-to-cook meat under the brands The Beyond Burger and Beyond Sausage; and frozen meat namely Beyond Chicken Strips and Beyond Beef Crumbles. The company was founded by Ethan Walden Brown and Brent Taylor in 2009 and is headquartered in El Segundo, CA.
Read More on BYND:
- Beyond Meat options imply 12.6% move in share price post-earnings
- Options Volatility and Implied Earnings Moves Today, November 08, 2023
- Beyond Meat put volume heavy and directionally bearish
- Beyond Meat price target lowered to $7.50 from $13 at Canaccord
- Beyond Meat lowers 2023 revenue outlook to $330M-$340M, consensus $366M
