Beyond Meat (NASDAQ:BYND) Announces Earnings Results

Beyond Meat (NASDAQ:BYND) posted its quarterly earnings results on Wednesday. The company reported ($0.65) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.21), Zacks reports. The business had revenue of $76.66 million during the quarter, compared to analysts’ expectations of $76.08 million. Beyond Meat updated its FY 2025 guidance to EPS.

Beyond Meat Stock Up 3.0 %

Shares of BYND traded up $0.10 during trading hours on Friday, hitting $3.28. The company had a trading volume of 861,405 shares, compared to its average volume of 3,544,599. The firm has a market cap of $213.54 million, a P/E ratio of -0.78 and a beta of 2.31. Beyond Meat has a 52-week low of $3.10 and a 52-week high of $11.70. The stock’s 50 day moving average price is $3.87 and its 200 day moving average price is $5.13.

Insider Buying and Selling

In other news, insider Ethan Brown sold 313,000 shares of Beyond Meat stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $3.75, for a total transaction of $1,173,750.00. Following the completion of the transaction, the insider now directly owns 1,703,288 shares in the company, valued at approximately $6,387,330. This trade represents a 15.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 8.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on BYND shares. BMO Capital Markets reduced their target price on Beyond Meat from $6.00 to $5.00 and set a “market perform” rating for the company in a research note on Thursday. Barclays lowered their price target on Beyond Meat from $4.00 to $3.00 and set an “underweight” rating for the company in a report on Thursday. Four investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $4.92.

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.