Beyond Meat (NASDAQ:BYND) Shares Up 42.7% – Here’s Why

Shares of Beyond Meat, Inc. (NASDAQ:BYND) rose 42.7% on Monday . The company traded as high as $1.26 and last traded at $1.4010. Approximately 80,908,448 shares were traded during mid-day trading, an increase of 54% from the average daily volume of 52,492,207 shares. The stock had previously closed at $0.9818.

Analysts Set New Price Targets

Several brokerages recently weighed in on BYND. BTIG Research restated a “neutral” rating on shares of Beyond Meat in a research note on Friday, October 24th. Cowen reaffirmed a “sell” rating on shares of Beyond Meat in a research report on Tuesday, October 14th. Barclays dropped their price objective on Beyond Meat from $2.00 to $1.00 and set an “underweight” rating on the stock in a report on Wednesday, November 12th. Mizuho cut their target price on Beyond Meat from $1.50 to $1.00 and set an “underperform” rating for the company in a research note on Thursday, November 13th. Finally, BMO Capital Markets decreased their price target on shares of Beyond Meat from $5.00 to $4.00 and set a “market perform” rating on the stock in a research note on Thursday, August 14th. Two equities research analysts have rated the stock with a Hold rating and seven have assigned a Sell rating to the stock. According to MarketBeat, Beyond Meat presently has a consensus rating of “Strong Sell” and a consensus target price of $1.70.

Beyond Meat Price Performance

The stock’s 50 day moving average price is $1.68 and its two-hundred day moving average price is $2.57. The firm has a market capitalization of $607.78 million, a price-to-earnings ratio of -0.42 and a beta of 2.52.

Beyond Meat (NASDAQ:BYND) last announced its quarterly earnings results on Monday, November 10th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.39) by ($0.08). The company had revenue of $70.22 million for 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 anticipate that Beyond Meat, Inc. will post -2.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Vontobel Holding Ltd. boosted its holdings in Beyond Meat by 20.2% in the 2nd quarter. Vontobel Holding Ltd. now owns 2,113,869 shares of the company’s stock worth $7,377,000 after buying an additional 354,965 shares during the period. Nuveen LLC purchased a new position in shares of Beyond Meat in the 1st quarter worth approximately $555,000. Ieq Capital LLC purchased a new stake in shares of Beyond Meat in the first quarter valued at $67,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Beyond Meat by 8.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 573,596 shares of the company’s stock worth $1,749,000 after buying an additional 46,540 shares during the period. Finally, Invesco Ltd. increased its stake in Beyond Meat by 144.1% in the 1st quarter. Invesco Ltd. now owns 71,108 shares of the company’s stock worth $217,000 after buying an additional 41,974 shares during the period. Institutional investors and hedge funds own 52.48% of the company’s stock.

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.