BTIG analyst Peter Saleh maintained a Hold rating on Beyond Meat (BYND – Research Report) on December 28. The company’s shares closed last Friday at $8.90.
According to TipRanks, Saleh is a 5-star analyst with an average return of 10.7% and a 60.98% success rate. Saleh covers the Consumer Cyclical sector, focusing on stocks such as McDonald’s, Domino’s Pizza, and Chipotle.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Beyond Meat with a $5.83 average price target.
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Based on Beyond Meat’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $75.31 million and a GAAP net loss of $70.49 million. In comparison, last year the company earned a revenue of $82.5 million and had a GAAP net loss of $101.68 million
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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.
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