Barclays Has Lowered Expectations for Beyond Meat (NASDAQ:BYND) Stock Price

Beyond Meat (NASDAQ:BYND) had its price objective dropped by equities researchers at Barclays from $2.00 to $1.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Barclays‘s price objective points to a potential downside of 0.99% from the company’s previous close.

A number of other brokerages also recently weighed in on BYND. TD Cowen lowered their price objective on shares of Beyond Meat from $2.00 to $0.80 and set a “sell” rating on the stock in a research report on Tuesday, October 14th. BTIG Research reissued a “neutral” rating on shares of Beyond Meat in a report on Friday, October 24th. JPMorgan Chase & Co. started coverage on Beyond Meat in a research note on Wednesday, August 20th. They issued an “underweight” rating on the stock. BMO Capital Markets cut their price objective on Beyond Meat from $5.00 to $4.00 and set a “market perform” rating for the company in a report on Thursday, August 14th. Finally, Cowen reissued a “sell” rating on shares of Beyond Meat in a report on Tuesday, October 14th. Two 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 has a consensus rating of “Strong Sell” and a consensus target price of $1.70.

Beyond Meat Price Performance

BYND stock opened at $1.01 on Wednesday. The stock has a market capitalization of $401.59 million, a P/E ratio of -0.31 and a beta of 2.32. Beyond Meat has a 1-year low of $0.50 and a 1-year high of $7.69. The business has a fifty day moving average price of $2.05 and a 200-day moving average price of $2.68.

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

Hedge Funds Weigh In On Beyond Meat

Institutional investors have recently bought and sold shares of the stock. 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 valued at $9,034,000 after purchasing an additional 69,423 shares during the period. Vontobel Holding Ltd. lifted its position in shares of Beyond Meat by 38.0% during the 3rd quarter. Vontobel Holding Ltd. now owns 2,917,994 shares of the company’s stock valued at $5,515,000 after buying an additional 804,125 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Beyond Meat by 15.7% during the 2nd quarter. Geode Capital Management LLC now owns 1,843,998 shares of the company’s stock valued at $6,437,000 after acquiring an additional 250,628 shares during the period. GMT Capital Corp purchased a new stake in Beyond Meat in the 2nd quarter worth approximately $5,046,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Beyond Meat by 8.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 573,596 shares of the company’s stock worth $1,749,000 after acquiring an additional 46,540 shares during the period. 52.48% of the stock is owned by institutional investors.

Beyond Meat Company Profile

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.