Beyond Meat (NASDAQ:BYND) Shares Down 2.4% – Should You Sell?

Beyond Meat, Inc. (NASDAQ:BYND) shares dropped 2.4% on Wednesday . The company traded as low as $0.9521 and last traded at $0.9757. Approximately 54,584,384 shares were traded during mid-day trading, an increase of 6% from the average daily volume of 51,309,234 shares. The stock had previously closed at $1.00.

Analyst Ratings Changes

A number of brokerages recently commented on BYND. Weiss Ratings reiterated a “sell (e+)” rating on shares of Beyond Meat in a research note on Wednesday, October 8th. BMO Capital Markets lowered their price objective on Beyond Meat from $5.00 to $4.00 and set a “market perform” rating for the company in a research report on Thursday, August 14th. Cowen reiterated a “sell” rating on shares of Beyond Meat in a report on Tuesday, October 14th. Argus cut Beyond Meat from a “hold” rating to a “sell” rating in a research note on Monday, September 15th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Beyond Meat in a report on Friday, October 24th. Two investment 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, Beyond Meat currently has a consensus rating of “Strong Sell” and an average target price of $1.70.

Beyond Meat Trading Down 2.4%

The firm has a market capitalization of $442.55 million, a PE ratio of -0.30 and a beta of 2.32. The company has a fifty day moving average price of $1.96 and a two-hundred day moving average price of $2.66.

Beyond Meat (NASDAQ:BYND) last released its quarterly 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 company had revenue of $70.22 million during the quarter, compared to analysts’ expectations of $68.82 million. Beyond Meat has set its Q4 2025 guidance at EPS. As a group, equities research analysts predict that Beyond Meat, Inc. will post -2.1 earnings per share for the current year.

Institutional Trading of Beyond Meat

Large investors have recently bought and sold shares of the business. Banco Santander S.A. acquired a new position in Beyond Meat in the third quarter valued at $25,000. Savant Capital LLC acquired a new stake in shares of Beyond Meat during the third quarter worth about $28,000. Russell Investments Group Ltd. grew its holdings in shares of Beyond Meat by 400.2% during the third quarter. Russell Investments Group Ltd. now owns 14,786 shares of the company’s stock worth $28,000 after buying an additional 11,830 shares during the last quarter. Apollon Wealth Management LLC acquired a new position in Beyond Meat in the 1st quarter valued at about $31,000. Finally, Pitcairn Co. purchased a new stake in Beyond Meat during the 2nd quarter valued at approximately $37,000. Institutional investors and hedge funds own 52.48% of the company’s stock.

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.