Beyond Meat (NASDAQ:BYND) Trading Down 2% – Should You Sell?

Beyond Meat, Inc. (NASDAQ:BYND) shares fell 2% during mid-day trading on Friday . The company traded as low as $0.81 and last traded at $0.8624. 73,734,639 shares were traded during mid-day trading, an increase of 43% from the average session volume of 51,649,348 shares. The stock had previously closed at $0.88.

Wall Street Analyst Weigh In

BYND has been the subject of several recent analyst reports. BTIG Research reiterated a “neutral” rating on shares of Beyond Meat in a research note on Friday, October 24th. JPMorgan Chase & Co. started coverage on shares of Beyond Meat in a research report on Wednesday, August 20th. They set an “underweight” rating for the company. Weiss Ratings restated a “sell (e+)” rating on shares of Beyond Meat in a report on Wednesday, October 8th. Mizuho dropped their price objective 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, Argus downgraded Beyond Meat from a “hold” rating to a “sell” rating in a research report on Monday, September 15th. Two analysts have rated the stock with a Hold rating and seven have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Strong Sell” and a consensus price target of $1.70.

Beyond Meat Trading Down 2.3%

The firm has a market capitalization of $390.07 million, a PE ratio of -0.27 and a beta of 2.32. The stock’s 50 day moving average price is $1.90 and its two-hundred day moving average price is $2.63.

Beyond Meat (NASDAQ:BYND) last announced its earnings results on Monday, November 10th. The company reported ($0.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.08). The business 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. Analysts expect that Beyond Meat, Inc. will post -2.1 earnings per share for the current year.

Hedge Funds Weigh In On Beyond Meat

A number of institutional investors have recently modified their holdings of BYND. GMT Capital Corp acquired a new stake in Beyond Meat during the second quarter worth approximately $5,046,000. Vontobel Holding Ltd. lifted its stake in shares of Beyond Meat by 38.0% during the 3rd quarter. Vontobel Holding Ltd. now owns 2,917,994 shares of the company’s stock worth $5,515,000 after purchasing an additional 804,125 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Beyond Meat by 15.7% during the second quarter. Geode Capital Management LLC now owns 1,843,998 shares of the company’s stock worth $6,437,000 after purchasing an additional 250,628 shares during the last quarter. AQR Capital Management LLC purchased a new stake in shares of Beyond Meat in the first quarter valued at $590,000. Finally, Nuveen LLC acquired a new position in Beyond Meat in the first quarter valued at $555,000. 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.