In a report released today, Rupesh Parikh from Oppenheimer maintained a Hold rating on Beyond Meat (BYND). The company’s shares closed last Monday at $158.73.
According to TipRanks.com, Parikh is a 5-star analyst with an average return of 16.2% and a 67.4% success rate. Parikh covers the Consumer Goods sector, focusing on stocks such as Bj’s Wholesale Club Holdings, The Estée Lauder Companies, and United Natural Foods.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Beyond Meat with a $101.67 average price target, implying a -35.9% downside from current levels. In a report issued on January 22, Longbow Research also initiated coverage with a Hold rating on the stock.
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The company has a one-year high of $197.50 and a one-year low of $48.18. Currently, Beyond Meat has an average volume of 4.35M.
Based on the recent corporate insider activity of 91 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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