Beyond Meat (NASDAQ:BYND) Trading Down 8.6% Following Analyst Downgrade

Beyond Meat, Inc. (NASDAQ:BYND)’s stock price was down 8.6% on Wednesday after Barclays lowered their price target on the stock from $2.00 to $1.00. Barclays currently has an underweight rating on the stock. Beyond Meat traded as low as $1.11 and last traded at $1.1150. Approximately 79,672,088 shares were traded during mid-day trading, an increase of 57% from the average daily volume of 50,742,156 shares. The stock had previously closed at $1.22.

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. began coverage on shares of Beyond Meat in a research report on Wednesday, August 20th. They issued an “underweight” rating for the company. Mizuho lowered their price objective on shares of Beyond Meat from $2.00 to $1.50 and set an “underperform” rating for the company in a research report on Friday, October 24th. BMO Capital Markets lowered their target price 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. Cowen reaffirmed a “sell” rating on shares of Beyond Meat in a research report on Tuesday, October 14th. Finally, Argus lowered Beyond Meat from a “hold” rating to a “sell” rating in a research report on Monday, September 15th. Two equities research 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.com, the company has an average rating of “Strong Sell” and a consensus target price of $1.83.

Hedge Funds Weigh In On Beyond Meat

Institutional investors have recently added to or reduced their stakes in the company. Vontobel Holding Ltd. lifted its stake in Beyond Meat by 20.2% in the second quarter. Vontobel Holding Ltd. now owns 2,113,869 shares of the company’s stock valued at $7,377,000 after acquiring an additional 354,965 shares during the last quarter. Nuveen LLC acquired a new position in Beyond Meat during the first quarter worth approximately $555,000. Nisa Investment Advisors LLC raised its stake in Beyond Meat by 16,921.9% in the first quarter. Nisa Investment Advisors LLC now owns 124,260 shares of the company’s stock valued at $379,000 after buying an additional 123,530 shares during the period. Ieq Capital LLC acquired a new stake in shares of Beyond Meat in the first quarter valued at approximately $67,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of 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 currently owned by institutional investors and hedge funds.

Beyond Meat Trading Down 8.6%

The business has a 50 day moving average of $2.10 and a two-hundred day moving average of $2.71. The firm has a market cap of $443.33 million, a P/E ratio of -0.35 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 firm 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. On average, sell-side 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.