Brokerages Set Beyond Meat, Inc. (NASDAQ:BYND) Target Price at $1.70

Shares of Beyond Meat, Inc. (NASDAQ:BYND) have received an average recommendation of “Strong Sell” from the nine ratings firms that are currently covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $1.70.

Several equities analysts have issued reports on the company. Cowen reaffirmed a “sell” rating on shares of Beyond Meat in a report on Tuesday, October 14th. JPMorgan Chase & Co. assumed coverage on Beyond Meat in a research note on Wednesday, August 20th. They set an “underweight” rating on the stock. BMO Capital Markets cut their price target on Beyond Meat from $5.00 to $4.00 and set a “market perform” rating on the stock in a research report on Thursday, August 14th. Argus downgraded Beyond Meat from a “hold” rating to a “sell” rating in a report on Monday, September 15th. Finally, Mizuho lowered their target price 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, November 13th.

Institutional Investors Weigh In On Beyond Meat

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Beyond Meat by 1.5% during the third quarter. Vanguard Group Inc. now owns 4,780,045 shares of the company’s stock worth $9,034,000 after buying an additional 69,423 shares during the last quarter. Vontobel Holding Ltd. lifted its position in 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 acquiring an additional 804,125 shares during the period. Geode Capital Management LLC grew its stake in shares of Beyond Meat by 15.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,843,998 shares of the company’s stock valued at $6,437,000 after purchasing an additional 250,628 shares during the last quarter. GMT Capital Corp purchased a new position in shares of Beyond Meat in the 2nd quarter valued at approximately $5,046,000. Finally, Charles Schwab Investment Management Inc. increased 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 valued at $1,749,000 after purchasing an additional 46,540 shares during the period. 52.48% of the stock is owned by hedge funds and other institutional investors.

Beyond Meat Stock Up 19.0%

Shares of Beyond Meat stock opened at $1.02 on Friday. Beyond Meat has a 52 week low of $0.50 and a 52 week high of $7.69. The firm’s 50 day moving average is $1.75 and its two-hundred day moving average is $2.59. The firm has a market capitalization of $462.64 million, a P/E ratio of -0.32 and a beta of 2.32.

Beyond Meat (NASDAQ:BYND) last issued its quarterly earnings data on Monday, November 10th. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.39) by ($0.08). The firm 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, research analysts expect that Beyond Meat will post -2.1 earnings per share for the current fiscal year.

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.