Oppenheimer Reaffirms Their Hold Rating on Beyond Meat (BYND)
Oppenheimer analyst Rupesh Parikh maintained a Hold rating on Beyond Meat (BYND) yesterday. The company’s shares closed last Thursday at $143.75.
According to TipRanks.com, Parikh is a 5-star analyst with an average return of 14.5% and a 65.3% success rate. Parikh covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, United Natural Foods, and Albertsons Companies.
Currently, the analyst consensus on Beyond Meat is a Hold with an average price target of $139.40.
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Beyond Meat’s market cap is currently $9.53B and has a P/E ratio of -417.70. The company has a Price to Book ratio of 27.59.
Based on the recent corporate insider activity of 94 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BYND in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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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