Beyond Meat, Inc. (NASDAQ:BYND – Get Free Report) insider Teri Witteman sold 29,978 shares of Beyond Meat stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $1.00, for a total transaction of $29,978.00. Following the sale, the insider directly owned 4,178,194 shares in the company, valued at $4,178,194. The trade was a 0.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Beyond Meat Trading Down 13.6%
Shares of BYND opened at $0.95 on Friday. The firm’s 50-day moving average price is $0.74 and its 200-day moving average price is $1.03. The firm has a market capitalization of $440.43 million, a price-to-earnings ratio of -0.33 and a beta of 2.67. Beyond Meat, Inc. has a 1-year low of $0.50 and a 1-year high of $7.69.
Beyond Meat (NASDAQ:BYND – Get Free Report) last announced its earnings results on Tuesday, March 31st. The company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.17). The company had revenue of $61.59 million for the quarter, compared to the consensus estimate of $63.00 million. Beyond Meat had a net margin of 43.98% and a negative return on equity of 37.44%. On average, research analysts forecast that Beyond Meat, Inc. will post -0.36 EPS for the current fiscal year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on BYND. BMO Capital Markets cut their target price on shares of Beyond Meat from $4.00 to $1.00 and set a “market perform” rating on the stock in a research note on Monday, April 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Beyond Meat in a research note on Wednesday, January 21st. Barclays cut their target price on shares of Beyond Meat from $1.00 to $0.50 and set an “underweight” rating on the stock in a research note on Thursday, April 2nd. Finally, Zacks Research cut shares of Beyond Meat from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 7th. Two investment analysts have rated the stock with a Hold rating and seven have assigned a Sell rating to the stock. According to data from MarketBeat.com, Beyond Meat has an average rating of “Strong Sell” and an average target price of $0.83.
Get Our Latest Analysis on Beyond Meat
Beyond Meat News Roundup
Here are the key news stories impacting Beyond Meat this week:
- Positive Sentiment: Nationwide Kroger rollout — Beyond Meat launched Beyond Chicken Pieces Spicy Buffalo at >2,000 Kroger stores, expanding shelf presence in a major retailer which can boost near‑term sales and visibility. Beyond Chicken Pieces Spicy Buffalo at Kroger
- Positive Sentiment: New distribution & product rollouts — Company-wide distribution (Big Geyser for Beyond Immerse beverages in NY) and nationwide Beyond Breakfast Sausage listings have investors re‑rating upside if these SKUs drive repeat sales. Assessing Beyond Meat’s Valuation After New Product Rollout
- Positive Sentiment: Momentum/meme interest — Heavy volume and social interest are driving rapid short‑term inflows and media coverage, lifting the stock well above recent averages independent of fundamentals. Why Beyond Meat Stock Is Soaring Today
- Neutral Sentiment: Valuation reassessment underway — Analysts and outlets are revisiting BYND’s valuation in light of product/distribution news; sustained upside depends on conversion of distribution into recurring revenue and margin improvement. Beyond Meat Is Making the Right Move, But Is It Too Late?
- Negative Sentiment: Short‑squeeze / meme risk — Commentators warn the rally may be driven by a squeeze rather than fundamentals, raising the risk of a sharp reversal; retail momentum stocks can be unpredictable. Is a Short Squeeze Breaking Out in Beyond Meat Stock Now?
- Negative Sentiment: Insider sale and weak fundamentals — Director/officer Teri Witteman sold 29,978 shares under a pre‑arranged Rule 10b5‑1 plan (routine but often read negatively by markets). BYND recently missed EPS and revenue estimates and has several analyst downgrades/low price targets, which could cap gains if new products don’t improve profits. Teri Witteman Sells 29,978 Shares of Beyond Meat
About Beyond Meat
Beyond Meat, Inc (NASDAQ: BYND) develops, manufactures and sells plant-based meat substitutes designed to replicate the taste, texture and appearance of animal-based proteins. Since its founding in 2009 by Ethan Brown and initial public offering in 2019, the company has focused on leveraging proprietary technology and ingredient blends to produce a suite of products that cater to both retail and foodservice channels. Beyond Meat’s mission centers on offering more sustainable protein options by reducing reliance on livestock farming and its associated environmental footprint.
The company’s product portfolio includes Beyond Burger, Beyond Sausage, Beyond Beef and Beyond Chicken, each formulated to appeal to a broad range of consumers seeking meat alternatives without compromising on flavor or cooking versatility.
Further Reading
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