Shares of Beyond Meat (BYND 24.56%) dropped today after Bernstein analyst Alexia Howard said it will underperform the market and lowered the stock's price target. This reputable analyst's bearish sentiment has retail investors reconsidering their positions, sending shares lower.
Is Beyond Meat stock overpriced?
It does not take a rocket scientist to look at the share price of Beyond Meat and decide that the stock is overvalued. Looking below, we can see that it is over 300% overvalued on a fair value ...
How to nibble on Beyond Meat stock?
How to Nibble on Beyond Meat Stock Look past today’s anxious indigestion in BYND stock and towards the price chart for buying shares By Chris Tyler , InvestorPlace Contributor Aug 2, 2019, 11:27 ...
What is the stock price for Beyond Meat?
Beyond Meat Inc. (NASDAQ:BYND) price on Thursday, February 10, fall -1.88% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $61.49. A look at the stock’s price movement, the close in the last trading ...
Is Beyond Meat stock a buy?
Turning to Wall Street, BYND stock comes in as a Moderate Sell. Out of 14 analyst ratings, there is one Buy recommendation, seven Hold recommendations, and six Sell recommendations. The average Beyond Meat price target is $78.83, implying 21% upside potential.
Why is Beyond Meat dropping today?
Softening demand, higher input costs, the COVID-19 pandemic and supply chain issues have been chipping away at sales for the last nine months. The largest drag on Beyond's earnings in the most recent quarter, Brown said on the earnings call, came from the launch of Beyond Meat Jerky.
Will Beyond Meat stock go back up?
That said, the company's stock appears cheap at the current price. Beyond Meat's management believes that their spending rates will subside substantially in 2022, and they can leverage the investments made in 2021. The company expects first-quarter revenue to rise 20% to 23% y-o-y.
Will Beyond Meat stock go up 2021?
Beyond Meat CEO Predicts Market Recovery After Stock Dip, Blames 'Covid-Related' Fall In Demand. Beyond Meat CEO Ethan Brown has revealed he is confident that the company can overcome disappointing market performance in 2021.
Is it a good time to buy Beyond Meat stock?
Bottom line: BYND stock is not a buy right now. Beyond Meat is failing to generate sustained traction from fundamental catalysts and still needs to prove itself.
What is the forecast for beyond meat stock?
Stock Price Forecast The 16 analysts offering 12-month price forecasts for Beyond Meat Inc have a median target of 21.50, with a high estimate of 45.00 and a low estimate of 12.00. The median estimate represents a -24.83% decrease from the last price of 28.60.
Is beyond meat a Buy Sell or Hold?
Beyond Meat has received a consensus rating of Hold. The company's average rating score is 1.63, and is based on no buy ratings, 10 hold ratings, and 6 sell ratings.
What company owns beyond meat?
Beyond Meat is a Los Angeles–based producer of plant-based meat substitutes founded in 2009 by Ethan Brown....Beyond Meat.TypePublic companyFounded2009FounderEthan BrownHeadquartersEl Segundo, California, U.S.Revenue$406.8 million (2020)5 more rows
Will Beyond Meat pay dividends?
BEYOND MEAT (NASDAQ: BYND) does not pay a dividend.
Who is beyond meat competitors?
Beyond Meat Competitor AnalysisImpossible Foods. Impossible Foods Inc. is an American company that develops plant-based meat products. ... Cargill. Cargill is an American conglomerate that works primarily in the food and agricultural industry. ... Kellogg. ... Nestle. ... Hormel Foods.
Investors headed for the exits due to concerns over slowing growth
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What happened
Shares of Beyond Meat ( NASDAQ:BYND) fell 13.3% on Thursday after the meat alternatives company's sales declined in its most important market.
So what
Beyond Meat's net revenue rose 12.7% year over year to $106.4 million in the third quarter, driven by strong growth in international markets. Sales in the U.S., however, fell 13.9%.
Now what
Several analysts slashed their price targets for Beyond Meat's stock following these results. For one, JPMorgan analyst Ken Goldman cut his share-price forecast from $79 to $54 due to the company's declining profitability.
What happened
Shares of Beyond Meat ( BYND -6.90% ) got raked over the coals on Friday, plunging as much as 15.7% and briefly hitting a new 52-week low. As of 2:48 p.m. EDT, the stock was down 13.9%.
So what
Beyond Meat said in a press release that the company was reducing its third-quarter net revenue outlook after reviewing its preliminary results. Beyond Meat now expects revenue of roughly $106 million, up roughly 12% year over year.
Now what
There's little question that Beyond Meat experienced accelerating adoption as the result of the pandemic, when supply chain shortages left traditional meat products in short supply.
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