Jefferies analyst Robert Dickerson maintained a Hold rating on Beyond Meat (BYND – Research Report) today and set a price target of $121.00. The company’s shares closed last Thursday at $121.82.
According to TipRanks.com, Dickerson is a 3-star analyst with an average return of 7.1% and a 58.7% success rate. Dickerson covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Lamb Weston Holdings, and McCormick & Company.
Currently, the analyst consensus on Beyond Meat is a Hold with an average price target of $118.38, which is a -3.4% downside from current levels. In a report issued on July 28, Piper Sandler also maintained a Hold rating on the stock with a $120.00 price target.
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Beyond Meat’s market cap is currently $7.74B and has a P/E ratio of -94.30. The company has a Price to Book ratio of 29.27.
Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BYND in relation to earlier this year.
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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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