Past Meat (NASDAQ:BYND – Get Rating) had its worth goal decreased by analysis analysts at Sanford C. Bernstein from $22.00 to $10.00 in a analysis report issued on Thursday, The Fly reviews. Sanford C. Bernstein’s goal worth would point out a possible draw back of 29.82% from the inventory’s earlier shut.
A number of different analysts have additionally weighed in on the inventory. Mizuho dropped their worth goal on shares of Past Meat from $27.00 to $11.00 and set a “impartial” score for the corporate in a report on Thursday. Credit score Suisse Group lowered their worth goal on shares of Past Meat to $10.00 in a report on Thursday, October twenty seventh. Canaccord Genuity Group lowered their worth goal on shares of Past Meat from $22.00 to $15.00 in a report on Wednesday, October twelfth. Cowen lowered their worth goal on shares of Past Meat to $15.00 in a report on Thursday, October thirteenth. Lastly, Citigroup raised their worth goal on shares of Past Meat from $14.00 to $15.00 and gave the corporate a “maintain” score in a report on Monday, October seventeenth. 5 funding analysts have rated the inventory with a promote score and eleven have assigned a maintain score to the corporate. Based mostly on knowledge from MarketBeat, the corporate presently has a median score of “Maintain” and a median goal worth of $23.88.
Past Meat Inventory Efficiency
Shares of NASDAQ BYND traded up $2.43 throughout mid-day buying and selling on Thursday, hitting $14.25. The corporate had a buying and selling quantity of 198,479 shares, in comparison with its common quantity of two,694,971. The corporate has a debt-to-equity ratio of 27.60, a present ratio of seven.48 and a fast ratio of 5.16. The enterprise’s 50-day easy shifting common is $16.22 and its 200-day easy shifting common is $25.10. Past Meat has a 12 month low of $11.56 and a 12 month excessive of $97.80. The agency has a market cap of $907.30 million, a P/E ratio of -2.71 and a beta of two.02.
Past Meat (NASDAQ:BYND – Get Rating) final introduced its quarterly earnings outcomes on Wednesday, November ninth. The corporate reported ($1.60) EPS for the quarter, lacking analysts’ consensus estimates of ($1.11) by ($0.49). The enterprise had income of $82.50 million for the quarter, in comparison with the consensus estimate of $84.56 million. Past Meat had a adverse return on fairness of 400.17% and a adverse web margin of 71.78%. The agency’s income for the quarter was down 22.5% on a year-over-year foundation. Throughout the identical quarter within the prior yr, the enterprise earned ($0.87) EPS. As a bunch, analysts predict that Past Meat will publish -5.29 earnings per share for the present fiscal yr.
Institutional Buying and selling of Past Meat
A variety of institutional buyers and hedge funds have just lately made adjustments to their positions in BYND. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Past Meat by 40.3% within the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,665 shares of the corporate’s inventory valued at $661,000 after buying an extra 13,413 shares over the last quarter. New York State Frequent Retirement Fund boosted its stake in Past Meat by 8.0% through the third quarter. New York State Frequent Retirement Fund now owns 46,134 shares of the corporate’s inventory value $654,000 after buying an extra 3,419 shares within the final quarter. Longitude Cayman Ltd. purchased a brand new place in Past Meat through the third quarter value $142,000. Quantbot Applied sciences LP boosted its stake in Past Meat by 539.8% through the third quarter. Quantbot Applied sciences LP now owns 61,885 shares of the corporate’s inventory value $876,000 after buying an extra 52,213 shares within the final quarter. Lastly, Vontobel Holding Ltd. boosted its stake in Past Meat by 160.8% through the third quarter. Vontobel Holding Ltd. now owns 81,951 shares of the corporate’s inventory value $1,161,000 after buying an extra 50,531 shares within the final quarter. Institutional buyers personal 60.98% of the corporate’s inventory.
About Past Meat
Past Meat, Inc manufactures, markets, and sells plant-based meat merchandise in the US and internationally. The corporate sells a variety of plant-based meat merchandise throughout the platforms of beef, pork, and poultry. It sells its merchandise via grocery, mass merchandiser, membership retailer, comfort retailer and pure retailer channels, and direct-to-consumer, in addition to varied food-away-from-home channels, together with eating places, foodservice retailers, and faculties.
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