Beyond Meat downgraded on results, cash flow guidance [MarketWatch]
Beyond Meat, Inc. - Common stock (BYND)
Last beyond meat, inc. - common stock earnings: 2/27 04:05 pm
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Source: MarketWatch
market conditions and lingering questions around Beyond's results and cash flow guidance. Barclays analyst Benjamin Theurer downgraded the stock to underweight from equal weight while shaving the price target to $10 from $13. "Although the company expects to turn cash flow positive by 2H23, we remain skeptical given current cash burn rates and a sizable net loss of over $100 [million] in 3Q22," Theurer said in a note. Beyond Meat's stock has plunged 81% this year. The broader S&P 500 index SPX, is down 17% in 2022. Read Next About the Author Jon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Jon has covered technology for more than 20 years, and previously worked for Barron's and USA Today. Follow him on Twitter @jswartz.
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BYND
News
- Beyond Meat® to Report First Quarter 2024 Financial Results on May 8, 2024GlobeNewswire
- Goldman Talks With Private Credit for Beyond Meat Capital [Yahoo! Finance]Yahoo! Finance
- Goldman Talks With Private Credit for Beyond Meat Capital [BNN Bloomberg (Canada)]BNN Bloomberg
- Logistics Campus at former Allstate headquarters off to slow start, with plans for lab-grown meat plant on hold [Yahoo! Finance]Yahoo! Finance
- Beyond Meat, Inc. (NASDAQ: BYND) had its price target lowered by analysts at Mizuho from $7.00 to $6.00. They now have an "underperform" rating on the stock.MarketBeat
BYND
Earnings
- 2/27/24 - Miss
BYND
Sec Filings
- 4/22/24 - Form 8-K
- 4/17/24 - Form 4
- 4/17/24 - Form 4
- BYND's page on the SEC website