Bernstein's analyst, Alexia Howard, has revised the price target for Beyond Meat (BYND, Financial) significantly downwards, moving from $6 to $2.50. This adjustment follows the company's underwhelming first-quarter performance and the removal of its fiscal year 2025 guidance. Despite these setbacks, the firm still maintains a Market Perform rating on Beyond Meat's shares. Additionally, Bernstein observed that Beyond Meat has incurred an extra $100 million in debt. On a slightly positive note, sales are projected to rise sequentially in the second quarter.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for Beyond Meat Inc (BYND, Financial) is $2.97 with a high estimate of $5.00 and a low estimate of $2.00. The average target implies an upside of 16.87% from the current price of $2.54. More detailed estimate data can be found on the Beyond Meat Inc (BYND) Forecast page.
Based on the consensus recommendation from 11 brokerage firms, Beyond Meat Inc's (BYND, Financial) average brokerage recommendation is currently 3.5, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Beyond Meat Inc (BYND, Financial) in one year is $8.77, suggesting a upside of 245.28% from the current price of $2.54. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Beyond Meat Inc (BYND) Summary page.
BYND Key Business Developments
Release Date: May 07, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- Beyond Meat Inc (BYND, Financial) is focusing on improving production efficiency and costs through consolidating its production network and increasing internal production at its Pennsylvania facility.
- The company has launched new products like Beyond Chicken Pieces, which have been developed with a focus on taste, texture, ingredients, and nutrition.
- Beyond Meat Inc (BYND) is actively working on dispelling misinformation about its products and is launching marketing campaigns like 'Real People, Real Results' to improve consumer perception.
- The company has secured a financing facility providing up to $100 million in new senior secured debt, offering additional liquidity to support strategic priorities.
- Beyond Meat Inc (BYND) is seeing positive consumer reviews and accolades for its products, including the Beyond Burger, which has won first place in consumer surveys multiple times.
Negative Points
- Net revenues decreased by 9.1% in Q1 2025 compared to the previous year, primarily due to a decrease in product volume sold.
- The company experienced significant distribution challenges as large retail customers transitioned plant-based meat from refrigerated to frozen aisles, impacting product availability.
- Gross margin was negative in Q1 2025, with a loss of $1.1 million, impacted by lower sales volumes and higher costs.
- Beyond Meat Inc (BYND) is facing macroeconomic headwinds and consumer demand softness, particularly in the US retail and food service channels.
- The company has withdrawn its full-year guidance due to elevated uncertainty in the operating environment, reflecting challenges in predicting demand and market conditions.
