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Beyond Meat (BYND) Gets a Hold Rating from BTIG

BTIG analyst Peter Saleh maintained a Hold rating on Beyond Meat (BYNDResearch Report) yesterday. The company’s shares closed last Thursday at $23.91, close to its 52-week low of $20.50.

According to TipRanks.com, Saleh is a 5-star analyst with an average return of 10.7% and a 53.5% success rate. Saleh covers the Services sector, focusing on stocks such as Papa John’s International, BurgerFi International, and Texas Roadhouse.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Beyond Meat with a $27.00 average price target.

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Based on Beyond Meat’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $109 million and GAAP net loss of $100 million. In comparison, last year the company earned revenue of $108 million and had a GAAP net loss of $27.27 million.

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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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