Key Points

  • Beyond Meat stock jumps 6% in Friday trading
  • Consensus among brokerages is to hold the stock
  • Company insider sells 27,690 shares in December
  • Citigroup raises price target and upgrades recommendation
  • Recent research shows mixed opinions on the stock

Beyond Meat is here again: The consensus among brokerages is that stock is a "hold." According to the analysts, they have given the stock an average rating of “Hold.”

Six stock analysts have recommended selling the stock, while the remaining six have recommended holding on to its shares. Most research firms that have updated their coverage of the company’s shares within the past year have projected an average price of $20.19 for the share price to reach within the next year.

The Stock Movement

The Packaged Foods company that operates in wider Consumer Defensive sector, reached to the highest price of $15.48 whereas the lowest price it dropped to was $14.07.

The 52-week range on BYND shows that it touched its highest point at $68.06 and its lowest point at $11.03 during that stretch. It currently has a 1-year price target of $10.33. Beta for the stock currently stands at 2.00.

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Insider Transactions

A company employee named Dariush Ajami completed a transaction on December 14 in which he sold 27,690 shares of the company’s stock. A total of 405,658.50 dollars’ worth of the company’s stock was sold at an average price of $14.65 per share. At the moment, a company insider owns 78,774 shares of the company, and the total market value of those shares is currently equal to $1,154,039,10.

The Securities and Exchange Commission was given legal documentation about the transaction, which can be viewed in full on the SEC website. Another recent transaction occurred on December 2, when company insider Beth Moskowitz sold 2,000 shares of the company’s stock. This resulted in a total sale volume of $28,100.00 and an average price per share of $14.05.

Following the completion of the transaction, the corporate insider now directly owns 20,208 shares of the company, which are worth $283,922.40 based on the current stock price. Insiders of the company have made a profit of $742,210 from the sale of 51,810 shares of company stock over the past three months. The current ownership of the company’s stock by company insiders is 7.90%.

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Research Investigations

Recent research investigations have focused on BYND. Citigroup raised its price objective on Beyond Meat shares from $14.00 to $15.00 in a research report published on Monday, October 17. The firm also upgraded its recommendation on the company from “hold” to “buy.” BMO Capital Markets downgraded Beyond Meat in a research note published on Thursday, November 10.

The firm went from assigning Beyond Meat a rating of “market performs” to one of “underperform,” lowering their target price for the stock from $20.00 to $14.00. The stock has seen a mix of positive and negative research, but overall it is considered a hold by most analysts. Investors should keep an eye on the stock and make their own decisions based on their own research and risk tolerance.



About BEYOND MEAT, INC.


  • Ticker BYND
  • Exchange NASDAQ
  • Sector Consumer Defensive
  • Industry Packaged Foods
  • Shares Outstandng 63,667,700
  • Market Cap $408M
  • Description
  • Beyond Meat, Inc. manufactures, markets, and sells plant-based meat products in the United States and internationally. The company sells a range of plant-based meat products across the platforms of beef, pork, and poultry. It sells its products through grocery, mass merchandiser, club store, convenience store and natural retailer channels, and d...
More about BYND