Beyond Meat, Inc. (NASDAQ:BYND) Given Consensus Recommendation of “Strong Sell” by Brokerages

Beyond Meat, Inc. (NASDAQ:BYND) has received an average recommendation of “Strong Sell” from the eight brokerages that are currently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $1.70.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Beyond Meat in a research report on Wednesday, January 21st.

Institutional Investors Weigh In On Beyond Meat

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC bought a new position in Beyond Meat during the 1st quarter valued at $590,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Beyond Meat by 28.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 72,729 shares of the company’s stock valued at $222,000 after purchasing an additional 16,044 shares during the period. Envestnet Asset Management Inc. bought a new stake in shares of Beyond Meat in the 2nd quarter worth $70,000. Geode Capital Management LLC raised its stake in shares of Beyond Meat by 15.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,843,998 shares of the company’s stock worth $6,437,000 after buying an additional 250,628 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of 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 buying an additional 8,355 shares during the period. Institutional investors own 52.48% of the company’s stock.

Beyond Meat Trading Up 0.6%

BYND stock traded up $0.00 during trading on Friday, hitting $0.65. The company had a trading volume of 4,620,065 shares, compared to its average volume of 36,643,707. The business has a 50 day moving average of $0.78 and a 200 day moving average of $1.28. The firm has a market capitalization of $296.71 million, a price-to-earnings ratio of -0.20 and a beta of 2.62. Beyond Meat has a fifty-two week low of $0.50 and a fifty-two week high of $7.69.

Beyond Meat Company Profile

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.