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Beyond Meat (BYND)
NASDAQ:BYND
Beyond Meat (BYND) Stock Price & Analysis
7,111 Followers
BYND Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$5.58 - $19.25
Previous Close$8.01
Volume4.26M
Average Volume (3M)4.02M
Market Cap
$519.73M
Enterprise Value$1.58B
Total Cash (Recent Filing)$157.91M
Total Debt (Recent Filing)$1.22B
Price to Earnings (P/E)-1.5
Beta2.02
Next Earnings
Aug 01, 2024EPS Estimate
-$0.52Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-5.17
Shares Outstanding64,884,712
10 Day Avg. Volume5,139,072
30 Day Avg. Volume4,018,742
Standard Deviation0.25
R-Squared0.26
Alpha-0.04
Financial Highlights & Ratios
Price to Book (P/B)-0.92
Price to Sales (P/S)6.87
Price to Cash Flow (P/CF)-4.10
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.84
Enterprise Value/Gross Profit-19.11
Enterprise Value/Ebitda-5.73
Forecast
1Y Price Target
$5.64Price Target Upside-26.56% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering10
Beyond Meat News
Bulls Say, Bears Say
Bulls Say
Financial HealthCompany burned less cash than estimated this quarter, owing to improved working capital and modest asset sales.
Operational EfficiencyManagement's decisions to eliminate unprofitable products like Beyond Jerky, slash operating costs and raise prices in a quest to improve its economics.
Product DevelopmentBeyond 4.0 developed through collaboration with nutritional experts, received recognitions by the American Diabetes Association for Better Choices for Life, certification by Clean Label Project, and Nutritionist Approved by Good Housekeeping.
Bears Say
Capital ConcernsThe company's need to potentially tap the market for additional capital, combined with the risk of equity dilution, creates uncertainty around the stock's value.
Financial PerformanceAnalyst lowers price target due to declining revenues, with a significant 18% year-over-year drop and volumes decreasing, indicating potential continued struggles for the company.
Market ConsensusManagement's expectation of lower sales in the upcoming quarter compared to market consensus could signal underlying issues, potentially leading to a decrease in investor confidence.
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Ownership Overview
16.47% Insiders
11.10% Mutual Funds
33.85% Other Institutional Investors
38.58% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
The estimated number of people who visited one or more of the websites owned by Beyond Meat
Desktop Users
Mobile Users
BYND FAQ
What was Beyond Meat’s price range in the past 12 months?
Beyond Meat lowest stock price was $5.58 and its highest was $19.25 in the past 12 months.
What is Beyond Meat’s market cap?
Currently, no data Available
When is Beyond Meat’s upcoming earnings report date?
Beyond Meat’s upcoming earnings report date is Aug 01, 2024 which is in 77 days.
How were Beyond Meat’s earnings last quarter?
Beyond Meat released its earnings results on May 08, 2024. The company reported -$0.84 earnings per share for the quarter, missing the consensus estimate of -$0.666 by -$0.174.
Is Beyond Meat overvalued?
According to Wall Street analysts Beyond Meat’s price is currently Overvalued.
Does Beyond Meat pay dividends?
Beyond Meat does not currently pay dividends.
What is Beyond Meat’s EPS estimate?
Beyond Meat’s EPS estimate is -$0.52.
How many shares outstanding does Beyond Meat have?
Beyond Meat has 64,884,710 shares outstanding.
What happened to Beyond Meat’s price movement after its last earnings report?
Beyond Meat reported an EPS of -$0.84 in its last earnings report, missing expectations of -$0.666. Following the earnings report the stock price went down -14.373%.
Which hedge fund is a major shareholder of Beyond Meat?
Among the largest hedge funds holding Beyond Meat’s share is Coatue Management, LLC. It holds Beyond Meat’s shares valued at 1M.
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Beyond Meat Stock Smart Score
Underperform
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10
Analyst Consensus
Moderate Sell
Average Price Target:
$5.64 (-26.56% Downside)
$5.64 (-26.56% Downside)
Blogger Sentiment
Bearish
BYND Sentiment 65%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 365.1K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Negative
Last 7 Days ▼ 0.3%
Last 30 Days ▼ 0.9%
Last 30 Days ▼ 0.9%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-23.49%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
-25.50%
Trailing 12-Months
Company Description
Beyond Meat
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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BYND Earnings Call
Q1 2024
0:00 / 0:00
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BYND Revenue Breakdown
63.19% Retail
36.81% Foodservice
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BYND Stock 12 Month Forecast
Average Price Target
$5.64
▼(-26.56% Downside)
Technical Analysis
Best Analysts Covering BYND
1 Year
1 Year Success Rate
12/14 ratings generated profit
1 Year Average Return
+31.31%
reiterated a sell rating 8 days ago
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