Beyond Meat (NASDAQ:BYND) Stock Price Down 9.8% – Time to Sell?

Shares of Beyond Meat, Inc. (NASDAQ:BYND) fell 9.8% during mid-day trading on Thursday . The company traded as low as $0.88 and last traded at $0.88. 99,009,514 shares changed hands during trading, an increase of 92% from the average session volume of 51,531,699 shares. The stock had previously closed at $0.9757.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BYND. Cowen reiterated a “sell” rating on shares of Beyond Meat in a report on Tuesday, October 14th. Mizuho cut their price objective on shares of Beyond Meat from $1.50 to $1.00 and set an “underperform” rating on the stock in a research report on Thursday, November 13th. TD Cowen lowered their target price on shares of Beyond Meat from $2.00 to $0.80 and set a “sell” rating for the company in a report on Tuesday, October 14th. Barclays dropped their price target on shares of Beyond Meat from $2.00 to $1.00 and set an “underweight” rating for the company in a research note on Wednesday, November 12th. Finally, JPMorgan Chase & Co. began coverage on shares of Beyond Meat in a research report on Wednesday, August 20th. They issued an “underweight” rating on the stock. Two investment analysts have rated the stock with a Hold rating and seven have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Strong Sell” and a consensus target price of $1.70.

Beyond Meat Trading Down 9.8%

The company has a market cap of $399.14 million, a PE ratio of -0.27 and a beta of 2.32. The company’s 50 day moving average is $1.90 and its 200 day moving average is $2.63.

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

Institutional Investors Weigh In On Beyond Meat

Institutional investors and hedge funds have recently bought and sold shares of the company. Scientech Research LLC purchased a new stake in shares of Beyond Meat in the 3rd quarter worth $243,000. Virtu Financial LLC bought a new stake in shares of Beyond Meat in the third quarter valued at about $149,000. Russell Investments Group Ltd. lifted its stake in Beyond Meat by 400.2% in the third quarter. Russell Investments Group Ltd. now owns 14,786 shares of the company’s stock worth $28,000 after acquiring an additional 11,830 shares during the period. Banco Santander S.A. bought a new position in Beyond Meat during the 3rd quarter worth about $25,000. Finally, Vanguard Group Inc. increased its position in Beyond Meat by 1.5% during the 3rd 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. 52.48% of the stock is owned by institutional investors.

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.