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Beyond Meat (BYND) Receives a Hold from BTIG

In a report issued on March 11, Peter Saleh from BTIG maintained a Hold rating on Beyond Meat (BYNDResearch Report). The company’s shares closed last Friday at $50.28, close to its 52-week low of $35.74.

According to TipRanks.com, Saleh is a 5-star analyst with an average return of 15.1% and a 60.6% success rate. Saleh covers the Services sector, focusing on stocks such as Papa John’s International, Texas Roadhouse, and Domino’s Pizza.

Currently, the analyst consensus on Beyond Meat is a Hold with an average price target of $50.80, representing a 5.4% upside. In a report issued on February 28, BMO Capital also assigned a Hold rating to the stock with a $60.00 price target.

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The company has a one-year high of $160.28 and a one-year low of $35.74. Currently, Beyond Meat has an average volume of 3.81M.

Based on the recent corporate insider activity of 81 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.

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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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