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Beyond Meat, Inc. (NASDAQ:BYND), McDonald's Corporation (NYSE:MCD) - 2 Beyond Meat Analysts Offer Split Opinions About Q1 Earnings

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The plant-based meat provider
Beyond Meat, Inc. (NASDAQ: BYND) served up a dismal Q1 earnings report yesterday, with a net loss was $27.3 million compared to net income of $1.8 million one year earlier and a gross profit of $32.7 million versus a $37.7 million figure from the previous year. Adjusted EBITDA was a loss of $10.8 million, or -10% of net revenues, compared to Adjusted EBITDA of $13.9 million, or 14.3% of net revenues, in Q1 2020.
The company’s earnings were studied by a pair of analysts who offered very different conclusions based on the new data.
Stephen’s Half-Full Glass: For Stephens & Co. analyst Mark Connelly, Beyond Meat’s Q1 results were good enough to warrant an Overweight rating and a $190 price target. ....

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