Beyond Meat (NASDAQ:BYND) Trading 6.9% Higher – Here’s What Happened

Beyond Meat, Inc. (NASDAQ:BYND)’s share price shot up 6.9% during mid-day trading on Friday . The stock traded as high as $1.23 and last traded at $1.08. 127,900,793 shares traded hands during mid-day trading, an increase of 149% from the average session volume of 51,279,359 shares. The stock had previously closed at $1.01.

Analysts Set New Price Targets

BYND has been the topic of a number of recent analyst reports. BMO Capital Markets decreased their target price 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. Mizuho decreased their price objective on shares of Beyond Meat from $1.50 to $1.00 and set an “underperform” rating on the stock in a research report on Thursday. BTIG Research restated a “neutral” rating on shares of Beyond Meat in a research note on Friday, October 24th. Argus lowered Beyond Meat from a “hold” rating to a “sell” rating in a research note on Monday, September 15th. Finally, Barclays lowered their price objective on Beyond Meat from $2.00 to $1.00 and set an “underweight” rating on the stock in a research report on Wednesday. Two investment analysts have rated the stock with a Hold rating and seven have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Strong Sell” and an average price target of $1.70.

Beyond Meat Stock Performance

The company has a market capitalization of $489.86 million, a P/E ratio of -0.34 and a beta of 2.32. The business’s fifty day simple moving average is $2.02 and its 200-day simple moving average is $2.68.

Beyond Meat (NASDAQ:BYND) last announced its quarterly earnings results on Monday, November 10th. The company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.39) by ($0.08). The business 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. As a group, analysts forecast that Beyond Meat, Inc. will post -2.1 EPS for the current year.

Hedge Funds Weigh In On Beyond Meat

Several institutional investors have recently added to or reduced their stakes in BYND. Banco Santander S.A. purchased a new stake in shares of Beyond Meat during the 3rd quarter worth approximately $25,000. Savant Capital LLC purchased a new stake in Beyond Meat during the third quarter valued at $28,000. Russell Investments Group Ltd. raised its stake in Beyond Meat by 400.2% during the third quarter. Russell Investments Group Ltd. now owns 14,786 shares of the company’s stock valued at $28,000 after purchasing an additional 11,830 shares in the last quarter. Apollon Wealth Management LLC bought a new position in Beyond Meat during the first quarter valued at $31,000. Finally, Pitcairn Co. purchased a new position in shares of Beyond Meat in the 2nd quarter worth $37,000. Hedge funds and other institutional investors 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.