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Beyond Meat (BYND) Receives a Hold from Jefferies

In a report issued on April 21, Robert Dickerson from Jefferies maintained a Hold rating on Beyond Meat (BYNDResearch Report), with a price target of $44.00. The company’s shares closed last Friday at $37.60, close to its 52-week low of $35.74.

According to TipRanks.com, Dickerson is a 3-star analyst with an average return of 2.4% and a 57.0% success rate. Dickerson covers the Consumer Goods sector, focusing on stocks such as Real Good Food Company, Inc. Class A, Mondelez International, and Lamb Weston Holdings.

Beyond Meat has an analyst consensus of Hold, with a price target consensus of $47.82.

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Beyond Meat’s market cap is currently $2.39B and has a P/E ratio of -13.06.

Based on the recent corporate insider activity of 82 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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