BMO Capital Markets Lowers Beyond Meat (NASDAQ:BYND) Price Target to $4.00

Beyond Meat (NASDAQ:BYND - Get Free Report) had its price objective lowered by BMO Capital Markets from $5.00 to $4.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a "market perform" rating on the stock. BMO Capital Markets' price objective indicates a potential upside of 43.37% from the stock's current price.3 Stocks That Never Lived Up to the HypeSeparately, Barclays decreased their price objective on Beyond Meat from $3.00 to $2.00 and set an "underweight" rating on the stock in a research note on Thursday, May 8th.Get Our Latest Report on BYNDBeyond Meat Price PerformanceMarketBeat Week in Review – 9/16 - 9/20NASDAQ BYND opened at $2.79 on Thursday. The company has a market cap of $213.85 million, a P/E ratio of -1.28 and a beta of 2.22. The stock has a 50-day moving average of $3.36 and a two-hundred day moving average of $3.23. Beyond Meat has a 1-year low of $2.22 and a 1-year high of $7.60. Beyond Meat (NASDAQ:BYND - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported ($0.43) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.06). The company had revenue of $74.96 million during the quarter, compared to analysts' expectations of $85.71 million. During the same period last year, the firm posted ($0.53) EPS. The firm's revenue was down 19.5% compared to the same quarter last year. On average, analysts anticipate that Beyond Meat will post -2.1 EPS for the current fiscal year. Institutional Trading of Beyond MeatSeize the Opportunity: Beyond Meat’s New Steak Could Spark GrowthLarge investors have recently made changes to their positions in the stock. SG Americas Securities LLC grew its stake in shares of Beyond Meat by 5,060.0% in the 1st quarter. SG Americas Securities LLC now owns 1,187,011 shares of the company's stock valued at $3,620,000 after purchasing an additional 1,164,007 shares during the period. Vontobel Holding Ltd. boosted its position in shares of Beyond Meat by 35.0% in the 1st quarter. Vontobel Holding Ltd. now owns 1,758,904 shares of the company's stock worth $5,365,000 after purchasing an additional 455,963 shares during the last quarter. Millennium Management LLC lifted its holdings in Beyond Meat by 73.8% during the fourth quarter. Millennium Management LLC now owns 619,957 shares of the company's stock worth $2,331,000 after acquiring an additional 263,337 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Beyond Meat by 15.7% during the second quarter. Geode Capital Management LLC now owns 1,843,998 shares of the company's stock worth $6,437,000 after acquiring an additional 250,628 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Beyond Meat in the 4th quarter valued at about $796,000. Institutional investors own 52.48% of the company's stock. About Beyond Meat (Get Free Report)Beyond Meat, Inc, a plant-based meat company, develops, 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 stores, and natural retailer channels, as well as various food-away-from-home channels, including restaurants, foodservice outlets, and schools.Featured StoriesFive stocks we like better than Beyond MeatWhat Are Dividend Achievers? An IntroductionBrinker Serves Up Earnings Beat, Sidesteps Cost PressuresManufacturing Stocks InvestingData Centers Create a Bull Case for These Nuclear 3 StocksTrading Stocks: RSI and Why it's UsefulTesla’s Pennant Just Snapped: Here’s What It Means for the StockThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Beyond Meat Right Now?Before you consider Beyond Meat, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Beyond Meat wasn't on the list.While Beyond Meat currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here