Beyond Meat (NASDAQ:BYND) Price Target Cut to $1.00 by Analysts at Barclays

Beyond Meat (NASDAQ:BYND) had its price target lowered by analysts at Barclays from $2.00 to $1.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “underweight” rating on the stock. Barclays‘s target price suggests a potential downside of 15.61% from the stock’s current price.

A number of other analysts have also recently weighed in on the company. BTIG Research reiterated a “neutral” rating on shares of Beyond Meat in a research report on Friday, October 24th. Cowen reissued a “sell” rating on shares of Beyond Meat in a report on Tuesday, October 14th. JPMorgan Chase & Co. initiated coverage on Beyond Meat in a research report on Wednesday, August 20th. They issued an “underweight” rating on the stock. Argus lowered Beyond Meat from a “hold” rating to a “sell” rating in a research report on Monday, September 15th. Finally, TD Cowen cut their price objective on shares of Beyond Meat from $2.00 to $0.80 and set a “sell” rating on the stock in a research note on Tuesday, October 14th. 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, Beyond Meat has a consensus rating of “Strong Sell” and a consensus target price of $1.83.

Beyond Meat Price Performance

Shares of NASDAQ:BYND traded down $0.04 during midday trading on Wednesday, reaching $1.19. The company had a trading volume of 34,525,120 shares, compared to its average volume of 50,532,762. The stock has a market capitalization of $471.17 million, a P/E ratio of -0.37 and a beta of 2.32. The stock’s fifty day moving average price is $2.10 and its 200-day moving average price is $2.71. Beyond Meat has a one year low of $0.50 and a one year high of $7.69.

Beyond Meat (NASDAQ:BYND) last issued 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 firm had revenue of $70.22 million during the quarter, compared to analyst estimates of $68.82 million. Beyond Meat has set its Q4 2025 guidance at EPS. As a group, sell-side analysts forecast that Beyond Meat will post -2.1 earnings per share for the current year.

Institutional Investors Weigh In On Beyond Meat

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Banco Santander S.A. acquired a new position in shares of Beyond Meat during the third quarter valued at $25,000. Vanguard Group Inc. lifted 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. Baader Bank Aktiengesellschaft acquired a new position in Beyond Meat during the 3rd quarter valued at about $44,000. Savant Capital LLC bought a new position in shares of Beyond Meat in the 3rd quarter valued at about $28,000. Finally, Regatta Capital Group LLC acquired a new stake in shares of Beyond Meat during the 3rd quarter worth approximately $38,000. 52.48% of the stock is owned by hedge funds and other 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.