Beyond Meat (NASDAQ:BYND) Sees Large Volume Increase – What’s Next?

Shares of Beyond Meat, Inc. (NASDAQ:BYNDGet Free Report) saw unusually-strong trading volume on Monday . Approximately 126,777,115 shares traded hands during trading, an increase of 213% from the previous session’s volume of 40,485,898 shares.The stock last traded at $1.0790 and had previously closed at $0.8226.

Beyond Meat News Summary

Here are the key news stories impacting Beyond Meat this week:

Wall Street Analyst Weigh In

Several brokerages have commented on BYND. Barclays dropped their target price on shares of Beyond Meat from $1.00 to $0.50 and set an “underweight” rating on the stock in a report on Thursday, April 2nd. BMO Capital Markets lowered their price objective on shares of Beyond Meat from $4.00 to $1.00 and set a “market perform” rating for the company in a research report on Monday, April 6th. Zacks Research lowered shares of Beyond Meat from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 7th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Beyond Meat in a research report on Wednesday, January 21st. Two investment analysts have rated the stock with a Hold rating and seven have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Strong Sell” and a consensus price target of $0.83.

Get Our Latest Report on BYND

Beyond Meat Price Performance

The company has a market capitalization of $509.92 million, a price-to-earnings ratio of -0.39 and a beta of 2.67. The firm has a 50-day moving average price of $0.73 and a two-hundred day moving average price of $1.03.

Beyond Meat (NASDAQ:BYNDGet Free Report) last posted its quarterly earnings data on Tuesday, March 31st. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.17). The firm had revenue of $61.59 million for the quarter, compared to analyst estimates of $63.00 million. Beyond Meat had a negative return on equity of 37.44% and a net margin of 43.98%. On average, equities analysts predict that Beyond Meat, Inc. will post -0.36 EPS for the current year.

Insider Buying and Selling

In related news, CFO Lubi Kutua sold 419,042 shares of Beyond Meat stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $0.60, for a total value of $251,425.20. Following the sale, the chief financial officer owned 5,749,967 shares of the company’s stock, valued at approximately $3,449,980.20. The trade was a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Banco Santander S.A. acquired a new stake in shares of Beyond Meat in the 3rd quarter valued at approximately $25,000. Evolve Private Wealth LLC acquired a new position in Beyond Meat during the first quarter worth $25,000. Xponance LLC bought a new stake in Beyond Meat during the fourth quarter worth $25,000. Savant Capital LLC bought a new stake in Beyond Meat during the third quarter worth $28,000. Finally, Russell Investments Group Ltd. lifted its stake in Beyond Meat by 400.2% in the third quarter. Russell Investments Group Ltd. now owns 14,786 shares of the company’s stock valued at $28,000 after acquiring an additional 11,830 shares during the last quarter. 52.48% of the stock is currently owned by institutional investors.

About Beyond Meat

(Get Free Report)

Beyond Meat, Inc (NASDAQ: BYND) develops, manufactures and sells plant-based meat substitutes designed to replicate the taste, texture and appearance of animal-based proteins. Since its founding in 2009 by Ethan Brown and initial public offering in 2019, the company has focused on leveraging proprietary technology and ingredient blends to produce a suite of products that cater to both retail and foodservice channels. Beyond Meat’s mission centers on offering more sustainable protein options by reducing reliance on livestock farming and its associated environmental footprint.

The company’s product portfolio includes Beyond Burger, Beyond Sausage, Beyond Beef and Beyond Chicken, each formulated to appeal to a broad range of consumers seeking meat alternatives without compromising on flavor or cooking versatility.

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