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BYND

Beyond Meat

$176.65

6.28 (3.69%)

07:40
07/20/19
07/20
07:40
07/20/19
07:40

Beyond Meat could spike after earnings, Barron's says

After rising so dramatically so quickly, Beyond Meat 's stock is "so well done" that investors might be forgiven for concluding "there's no juice left in the trade," Steven Sears writes in this week's edition of Barron's. While it is impossible to know what will happen when the company next reports earnings, if investors like risk, Beyond Meat is a must-trade ahead of quarterly results, the author contends. Reference Link

  • 29

    Jul

BYND Beyond Meat
$176.65

6.28 (3.69%)

06/12/19
BERN
06/12/19
DOWNGRADE
Target $123
BERN
Market Perform
Beyond Meat downgraded to Market Perform from Outperform at Bernstein
Bernstein analyst Alexia Howard downgraded Beyond Meat to Market Perform from Outperform with a price target of $123. . The downgrade is due to "valuation considerations as the stock has traded in a highly volatile manner since its IPO likely due to its limited public float," Howard tells investors in a research note. The analyst now sees limited upside for the stock. Beyond Meat closed yesterday down 25%, or $42.06, to $126.04 after JPMorgan analyst Ken Goldman downgraded the shares on valuation concerns
06/12/19
06/12/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Cisco (CSCO) downgraded to Market Perform from Outperform at William Blair with analyst Jason Ader saying he sees "signs of tightening demand" across IT infrastructure, which he believes could pressure growth in Cisco's fiscal 2020, "especially when compared against unusually strong demand in fiscal 2019." 2. Manpower (MAN) downgraded to Neutral from Outperform at Credit Suisse. 3. Dave & Buster's (PLAY) downgraded to Hold from Buy at Gordon Haskett and SunTrust, as well as to Market Perform from Outperform at Wells Fargo. 4. Amcor (AMCR) reinstated with a Sell from Neutral at Goldman Sachs with analyst Brian Maguire saying Bemis's earnings growth "has not proven to be as resilient in recent years." 5. Beyond Meat (BYND) downgraded to Market Perform from Outperform at Bernstein with analyst Alexia Howard saying "valuation considerations as the stock has traded in a highly volatile manner since its IPO likely due to its limited public float." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/13/19
FBCO
06/13/19
NO CHANGE
FBCO
Tyson plant-based launch not big threat to Beyond Meat, says Credit Suisse
Credit Suisse analyst Robert Moskow says this morning's launch of plant-based chicken nuggets and patties and hybrid beef-plant burgers and sausages supports his positive view on Tyson Foods (TSN). Perdue and Hormel Foods (HRL) have also signaled similar intentions to pursue hybrid meats, Moskow tells investors in a research note. The analyst, however, does not view Tyson's hybrid burgers as a major threat to Beyond Meat (BYND). Beyond's burger products are "more revolutionary and broader" in terms of potential consumer appeal, contends Moskow. Although competing hybrid burgers offer less saturated fat than the 100% plant-based products from Beyond and Impossible, "they simply don't taste as good in our experience," writes the analyst. Shares of Beyond Meat are down $1.04 to $140.93 in early trading while Tyson Foods is up $1.92 to $83.82.
07/02/19
FBCO
07/02/19
NO CHANGE
Target $125
FBCO
Neutral
Credit Suisse boosts Beyond Meat sales estimates but keeps $125 price target
To account for "strong" retail sales growth in his Nielsen tracking data and continued distribution gains at new restaurant chains, Credit Suisse analyst Robert Moskow raised his fiscal 2020 and 2021 revenue estimates for Beyond Meat to $360M and $511M from $350M and $472M, respectively. The analyst also boosted his EBITDA estimates for Beyond Meat modestly above consensus. Moskow, however, keeps a Neutral rating on the shares with an unchanged price target of $125. The stock closed Monday down $8.10, of 5%, to $152.58. The analyst now expects 64M of shares outstanding in 2020, up from 60M, due to dilution from option grants. The $125 price target assumes a multiple in-line with other early-stage technologically driven growth stocks in the consumer space, discounted back to current value, Moskow tells investors in a research note.

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