Is Beyond Meat Inc. (NASDAQ: BYND) Worth What Its Shareholders Think It Is? – Marketing Sentinel
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Is Beyond Meat Inc. (NASDAQ: BYND) Worth What Its Shareholders Think It Is?

During the last session, Beyond Meat Inc. (NASDAQ:BYND)’s traded shares were 2.81 million. At the end of the trading day, the stock’s price was $26.06, reflecting an intraday gain of 2.64% or $0.67. The 52-week high for the BYND share is $160.28, that puts it down -515.04 from that peak though still a striking 21.34% gain since the share price plummeted to a 52-week low of $20.50. The company’s market capitalization is $1.67B, and the average trade volume was 3.37 million shares over the past three months.

Beyond Meat Inc. (BYND) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 3.10. BYND has a Sell rating from 4 analyst(s) out of 22 analysts who have looked at this stock. 14 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 2 recommend a Buy rating for it. 1 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$1.03.

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Beyond Meat Inc. (NASDAQ:BYND) trade information

Beyond Meat Inc. (BYND) registered a 2.64% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.64% in intraday trading to $26.06 this Thursday, 06/23/22, hitting a weekly high. The stock’s 5-day price performance is 1.96%, and it has moved by 5.63% in 30 days. Based on these gigs, the overall price performance for the year is -82.33%.

The consensus price target of analysts on Wall Street is $25.06, which implies a decrease of -3.99% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $12.00 and $45.00 respectively. As a result, BYND is trading at a discount of -72.68% off the target high and 53.95% off the low.

Beyond Meat Inc. (BYND) estimates and forecasts

Statistics show that Beyond Meat Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Beyond Meat Inc. (BYND) shares have gone down -62.89% during the last six months, with a year-to-date growth rate less than the industry average at -58.54% against 3.10. In the rating firms’ projections, revenue will increase 24.00% compared to the previous financial year.

Revenue for the current quarter is expected to be $156.62 million as predicted by 16 analyst(s). Meanwhile, a consensus of 16 analyst(s) estimates revenue growth to $150.05 million by the end of Sep 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $149.43 million and $106.43 million respectively. In this case, analysts expect current quarter sales to grow by 4.80% and then jump by 41.00% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -46.20%. While earnings are projected to return -240.40% in 2022, the next five years will return 10.00% per annum.

BYND Dividends

Beyond Meat Inc. is due to release its next quarterly earnings between February 23 and February 28. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Beyond Meat Inc. (NASDAQ:BYND)’s Major holders

Beyond Meat Inc. insiders own 8.73% of total outstanding shares while institutional holders control 63.61%, with the float percentage being 69.69%. Baillie Gifford and Company is the largest shareholder of the company, while 496 institutions own stock in it. As of Mar 30, 2022, the company held over 8.56 million shares (or 13.48% of all shares), a total value of $413.75 million in shares.

The next largest institutional holding, with 4.99 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 7.86% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $325.47 million.

Also, the Mutual Funds coming in first place with the largest holdings of Beyond Meat Inc. (BYND) shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. Data provided on Dec 30, 2021 indicates that Vanguard Total Stock Market Index Fund owns about 1.62 million shares. This amounts to just over 2.54 percent of the company’s overall shares, with a $105.34 million market value. The same data shows that the other fund manager holds slightly less at 1.44 million, or about 2.26% of the stock, which is worth about $93.52 million.

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