Analysts rate Beyond Meat Stock (BYND:NSD) with an Underperform rating and $19 target price

Barclays maintains the $13 Beyond Meat stock price target and rates it as Equal-Weight.

Based on the Beyond Meat Stock Forecast from 11 analysts, the average analyst target price for Beyond Meat Inc is USD 19.59 over the next 12 months. Beyond Meat Inc’s average analyst rating is Under-perform. Stock Target Advisor’s own stock analysis of Beyond Meat Stock is Bearish, which is based on 1 positive signals and 9 negative signals. At the last closing, Beyond Meat Inc’s stock price was USD 13.35Beyond Meat Inc’s stock price has changed by -0.74% over the past week, -4.95% over the past month and -87.37% over the last year.

 

About Beyond Meat Inc. (BYND:NSD):

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 direct-to-consumer, as well as various food-away-from-home channels, including restaurants, foodservice outlets, and schools. The company was formerly known as Savage River, Inc. and changed its name to Beyond Meat, Inc. in September 2018. Beyond Meat, Inc. was founded in 2009 and is headquartered in El Segundo, California.

 

What we like:

Superior Revenue Growth:

Beyond Meat stock has shown top quartile revenue growth in the previous 5 years compared to its sector.

 

What we don’t like:

Poor risk adjusted returns:

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

High volatility:

The total returns for Beyond Meat stock are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Below median dividend returns:

The average income yield of Beyond Meat stock over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Overpriced compared to earnings:

BYND stock price is trading high compared to its peers on a price to earning basis and is above the sector median.

Overpriced compared to book value:

BYND stock price is trading high compared to its peers median on a price to book value basis.

Highly leveraged:

The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the stock forecast and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.

Negative cashflow:

Beyond Meat stock had negative total cash flow in the most recent four quarters.

Negative free cash flow:

Beyond Meat stock had negative total free cash flow in the most recent four quarters.

Low Earnings Growth:

Beyond Meat stock has shown below median earnings growth in the previous 5 years compared to its sector.