Mizuho Cuts Beyond Meat (NASDAQ:BYND) Price Target to $1.00

Beyond Meat (NASDAQ:BYND) had its target price reduced by equities researchers at Mizuho from $1.50 to $1.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “underperform” rating on the stock. Mizuho’s target price would suggest a potential downside of 2.44% from the company’s previous close.

Several other research analysts have also recently commented on BYND. TD Cowen lowered their price target on shares of Beyond Meat from $2.00 to $0.80 and set a “sell” rating for the company in a report on Tuesday, October 14th. BMO Capital Markets dropped their target price on Beyond Meat from $5.00 to $4.00 and set a “market perform” rating on the stock in a report on Thursday, August 14th. Cowen restated a “sell” rating on shares of Beyond Meat in a research note on Tuesday, October 14th. Barclays lowered their price objective on Beyond Meat from $2.00 to $1.00 and set an “underweight” rating for the company in a research report on Wednesday. Finally, Argus downgraded Beyond Meat from a “hold” rating to a “sell” rating in a report on Monday, September 15th. Two research analysts have rated the stock with a Hold rating and seven have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Strong Sell” and an average price target of $1.70.

Beyond Meat Stock Down 8.1%

Shares of Beyond Meat stock traded down $0.09 during trading hours on Thursday, reaching $1.03. 25,351,192 shares of the company’s stock were exchanged, compared to its average volume of 50,626,211. The business has a fifty day moving average of $2.08 and a two-hundred day moving average of $2.70. The company has a market capitalization of $407.55 million, a P/E ratio of -0.32 and a beta of 2.32. Beyond Meat has a 1 year low of $0.50 and a 1 year high of $7.69.

Beyond Meat (NASDAQ:BYND) last released its quarterly earnings data on Monday, November 10th. The company reported ($0.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.08). The company 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. As a group, research analysts predict that Beyond Meat will post -2.1 EPS for the current year.

Institutional Investors Weigh In On Beyond Meat

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Beyond Meat by 1.5% in the third quarter. Vanguard Group Inc. now owns 4,780,045 shares of the company’s stock valued at $9,034,000 after purchasing an additional 69,423 shares during the period. Vontobel Holding Ltd. grew its holdings in shares of Beyond Meat by 38.0% in 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 increased its stake in 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 in the last quarter. GMT Capital Corp acquired a new position in Beyond Meat during the second quarter worth $5,046,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Beyond Meat by 8.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 573,596 shares of the company’s stock worth $1,749,000 after purchasing an additional 46,540 shares in the last quarter. 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.