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

Beyond Meat, Inc. (NASDAQ:BYND)’s stock price was down 8.6% during trading 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.

A number of other research analysts have also weighed in on BYND. JPMorgan Chase & Co. started coverage on shares of Beyond Meat in a research report on Wednesday, August 20th. They set an “underweight” rating for the company. Cowen reissued a “sell” rating on shares of Beyond Meat in a research report on Tuesday, October 14th. TD Cowen lowered their target price on Beyond Meat from $2.00 to $0.80 and set a “sell” rating on the stock in a report on Tuesday, October 14th. Argus cut shares of Beyond Meat from a “hold” rating to a “sell” rating in a research note on Monday, September 15th. Finally, Mizuho decreased their price objective on Beyond Meat from $2.00 to $1.50 and set an “underperform” rating on the stock in a report on Friday, October 24th. Two analysts have rated the stock with a Hold rating and seven have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Strong Sell” and a consensus price target of $1.83.

Institutional Investors Weigh In On Beyond Meat

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company grew its stake in shares of Beyond Meat by 22.5% during the second quarter. The Manufacturers Life Insurance Company now owns 28,047 shares of the company’s stock valued at $98,000 after purchasing an additional 5,143 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Beyond Meat by 8.3% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,749 shares of the company’s stock valued at $275,000 after acquiring an additional 6,020 shares during the period. Intech Investment Management LLC lifted its stake in shares of Beyond Meat by 17.3% during the second quarter. Intech Investment Management LLC now owns 44,984 shares of the company’s stock valued at $157,000 after acquiring an additional 6,629 shares during the period. Police & Firemen s Retirement System of New Jersey boosted its holdings in Beyond Meat by 68.2% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 20,598 shares of the company’s stock valued at $72,000 after acquiring an additional 8,355 shares during the last quarter. Finally, Apollon Wealth Management LLC acquired a new stake in Beyond Meat in the first quarter worth about $31,000. Institutional investors and hedge funds own 52.48% of the company’s stock.

Beyond Meat Stock Performance

The company has a market capitalization of $443.33 million, a price-to-earnings ratio of -0.35 and a beta of 2.32. The business’s 50-day simple moving average is $2.10 and its 200-day simple moving average is $2.71.

Beyond Meat (NASDAQ:BYND) last posted its quarterly earnings results on Monday, November 10th. The company reported ($0.47) earnings per share 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 analyst estimates of $68.82 million. Beyond Meat has set its Q4 2025 guidance at EPS. On average, analysts forecast that Beyond Meat, Inc. will post -2.1 earnings per share for the current year.

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.