Beyond Meat (NASDAQ:BYND) Shares Down 9.8% – Here’s Why

Beyond Meat, Inc. (NASDAQ:BYND)’s stock price fell 9.8% during trading on Thursday . The company traded as low as $0.88 and last traded at $0.88. 99,009,514 shares were traded during mid-day trading, an increase of 92% from the average session volume of 51,531,699 shares. The stock had previously closed at $0.9757.

Wall Street Analyst Weigh In

BYND has been the subject of several analyst reports. BMO Capital Markets cut their price target on shares of Beyond Meat from $5.00 to $4.00 and set a “market perform” rating for the company in a research report on Thursday, August 14th. Barclays lowered their target price on Beyond Meat from $2.00 to $1.00 and set an “underweight” rating for the company in a research note on Wednesday, November 12th. Argus lowered Beyond Meat from a “hold” rating to a “sell” rating in a research report on Monday, September 15th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Beyond Meat in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. started coverage on Beyond Meat in a research report on Wednesday, August 20th. They issued an “underweight” rating for the company. Two 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 an average target price of $1.70.

Beyond Meat Price Performance

The company has a market capitalization of $391.16 million, a P/E ratio of -0.27 and a beta of 2.32. The company has a 50 day moving average of $1.86 and a 200-day moving average of $2.62.

Beyond Meat (NASDAQ:BYND) last released 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 business had revenue of $70.22 million during the quarter, compared to analyst estimates of $68.82 million. Beyond Meat has set its Q4 2025 guidance at EPS. Research analysts predict that Beyond Meat, Inc. will post -2.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company lifted its position in shares of Beyond Meat by 22.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 28,047 shares of the company’s stock worth $98,000 after purchasing an additional 5,143 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Beyond Meat by 8.3% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,749 shares of the company’s stock worth $275,000 after buying an additional 6,020 shares during the period. Intech Investment Management LLC boosted its position in Beyond Meat by 17.3% during the 2nd quarter. Intech Investment Management LLC now owns 44,984 shares of the company’s stock valued at $157,000 after acquiring an additional 6,629 shares in the last quarter. Police & Firemen s Retirement System of New Jersey boosted its position in Beyond Meat by 68.2% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 20,598 shares of the company’s stock valued at $72,000 after acquiring an additional 8,355 shares in the last quarter. Finally, MUFG Securities EMEA plc grew its holdings in shares of Beyond Meat by 49.5% during the 1st quarter. MUFG Securities EMEA plc now owns 30,760 shares of the company’s stock worth $94,000 after acquiring an additional 10,190 shares during the period. 52.48% of the stock is currently owned by institutional investors.

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.