Beyond Meat (NASDAQ:BYND) – Investment analysts at William Blair issued their Q3 2019 earnings per share (EPS) estimates for Beyond Meat in a research note issued on Tuesday, August 6th. William Blair analyst J. Andersen expects that the company will earn $0.06 per share for the quarter. William Blair currently has a “Market Perform” rating on the stock. William Blair also issued estimates for Beyond Meat’s Q4 2019 earnings at $0.05 EPS and FY2020 earnings at $0.31 EPS.

BYND has been the subject of a number of other research reports. Credit Suisse Group raised their price objective on Beyond Meat from $70.00 to $125.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 9th. Bank of America raised their price objective on Beyond Meat from $170.00 to $182.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Goldman Sachs Group initiated coverage on Beyond Meat in a research report on Monday, May 27th. They issued a “neutral” rating and a $67.00 price objective for the company. Consumer Edge initiated coverage on Beyond Meat in a research report on Monday, May 20th. They issued an “equal weight” rating and a $89.35 price objective for the company. Finally, JPMorgan Chase & Co. downgraded Beyond Meat from an “overweight” rating to a “neutral” rating and raised their price objective for the stock from $120.00 to $121.00 in a research report on Tuesday, June 11th. They noted that the move was a valuation call. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $126.17.

Shares of BYND stock opened at $164.37 on Friday. The stock has a 50 day moving average price of $172.86. The company has a quick ratio of 7.90, a current ratio of 8.95 and a debt-to-equity ratio of 0.07. Beyond Meat has a 12 month low of $45.00 and a 12 month high of $239.71.

Beyond Meat (NASDAQ:BYND) last announced its earnings results on Monday, July 29th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.09. The business had revenue of $67.25 million for the quarter, compared to the consensus estimate of $50.94 million.

In other Beyond Meat 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Charles Muth sold 24,574 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 $3,931,840.00. The disclosure for this sale can be found here. Insiders have sold a total of 821,957 shares of company stock valued at $127,169,948 over the last ninety days.

A number of institutional investors and hedge funds have recently made changes to their positions in BYND. LPL Financial LLC bought a new position in Beyond Meat during the second quarter worth about $721,000. Charles Schwab Investment Management Inc. bought a new position in Beyond Meat during the second quarter worth about $9,327,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in Beyond Meat during the second quarter worth about $64,000. Golden State Wealth Management LLC bought a new position in Beyond Meat during the second quarter worth about $40,000. Finally, Bank of Montreal Can bought a new position in Beyond Meat during the second quarter worth about $4,119,000. Hedge funds and other institutional investors own 0.19% of the company’s stock.

About Beyond Meat

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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