Beyond Meat (NASDAQ:BYND) Trading Down 9.4% Following Analyst Downgrade

Beyond Meat, Inc. (NASDAQ:BYND) fell 9.4% during mid-day trading on Thursday after Mizuho lowered their price target on the stock from $1.50 to $1.00. Mizuho currently has an underperform rating on the stock. Beyond Meat traded as low as $1.00 and last traded at $1.01. 83,109,727 shares were traded during mid-day trading, an increase of 63% from the average session volume of 50,908,336 shares. The stock had previously closed at $1.1150.

BYND has been the subject of several other reports. Cowen restated a “sell” rating on shares of Beyond Meat in a research note on Tuesday, October 14th. JPMorgan Chase & Co. assumed coverage on shares of Beyond Meat in a report on Wednesday, August 20th. They issued an “underweight” rating on the stock. Argus cut shares of Beyond Meat from a “hold” rating to a “sell” rating in a research note on Monday, September 15th. Barclays cut their price objective on shares of Beyond Meat from $2.00 to $1.00 and set an “underweight” rating on the stock in a research note on Wednesday. Finally, BMO Capital Markets cut their price target on Beyond Meat from $5.00 to $4.00 and set a “market perform” rating on the stock in a research report on Thursday, August 14th. Two equities research analysts have rated the stock with a Hold rating and seven have given a Sell rating to the company’s stock. Based on data from MarketBeat, Beyond Meat currently has a consensus rating of “Strong Sell” and a consensus target price of $1.70.

Institutional Trading of Beyond Meat

Large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. raised its stake in shares of Beyond Meat by 400.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 14,786 shares of the company’s stock valued at $28,000 after acquiring an additional 11,830 shares during the period. Banco Santander S.A. purchased a new position in Beyond Meat in the 3rd quarter valued at $25,000. Vanguard Group Inc. grew its holdings in Beyond Meat by 1.5% during the third quarter. Vanguard Group Inc. now owns 4,780,045 shares of the company’s stock worth $9,034,000 after acquiring an additional 69,423 shares during the period. Baader Bank Aktiengesellschaft purchased a new position in Beyond Meat in the 3rd quarter valued at approximately $44,000. Finally, Savant Capital LLC acquired a new stake in Beyond Meat during the 3rd quarter valued at $28,000. 52.48% of the stock is currently owned by hedge funds and other institutional investors.

Beyond Meat Trading Down 9.4%

The company’s 50 day simple moving average is $2.08 and its 200 day simple moving average is $2.70. The stock has a market capitalization of $401.59 million, a PE ratio of -0.31 and a beta of 2.32.

Beyond Meat (NASDAQ:BYND) last posted its earnings results on Monday, November 10th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.08). The company had revenue of $70.22 million for the quarter, compared to analysts’ expectations of $68.82 million. Beyond Meat has set its Q4 2025 guidance at EPS. As a group, analysts predict that Beyond Meat, Inc. will post -2.1 EPS for the current year.

About Beyond Meat

Beyond Meat, Inc, a plant-based meat company, develops, 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 stores, and natural retailer channels, as well as various food-away-from-home channels, including restaurants, foodservice outlets, and schools.