Beyond Meat (NASDAQ:BYND) Shares Down 8.6% Following Analyst Downgrade

Shares of Beyond Meat, Inc. (NASDAQ:BYND) fell 8.6% during trading on Wednesday after Barclays lowered their price target on the stock from $2.00 to $1.00. Barclays currently has an underweight rating on the stock. Beyond Meat traded as low as $1.11 and last traded at $1.1150. 79,672,088 shares were traded during trading, an increase of 57% from the average session volume of 50,742,156 shares. The stock had previously closed at $1.22.

A number of other equities analysts have also recently commented on BYND. TD Cowen decreased their target price on shares of Beyond Meat from $2.00 to $0.80 and set a “sell” rating on the stock in a research report on Tuesday, October 14th. Cowen reiterated a “sell” rating on shares of Beyond Meat in a report on Tuesday, October 14th. Argus cut Beyond Meat from a “hold” rating to a “sell” rating in a report on Monday, September 15th. BMO Capital Markets reduced 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. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Beyond Meat in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating and seven have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Strong Sell” and a consensus target price of $1.83.

Institutional Trading of Beyond Meat

Several large investors have recently modified their holdings of the business. Vontobel Holding Ltd. raised its holdings in shares of Beyond Meat by 20.2% during the second quarter. Vontobel Holding Ltd. now owns 2,113,869 shares of the company’s stock valued at $7,377,000 after acquiring an additional 354,965 shares in the last quarter. Nuveen LLC bought a new stake in Beyond Meat in the first quarter valued at $555,000. Nisa Investment Advisors LLC increased its position in Beyond Meat by 16,921.9% during the 1st quarter. Nisa Investment Advisors LLC now owns 124,260 shares of the company’s stock valued at $379,000 after purchasing an additional 123,530 shares during the period. Ieq Capital LLC bought a new position in Beyond Meat in the 1st quarter worth $67,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Beyond Meat by 8.8% in the 1st 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. 52.48% of the stock is owned by institutional investors.

Beyond Meat Stock Performance

The company’s 50-day moving average price is $2.08 and its 200 day moving average price is $2.70. The stock has a market capitalization of $443.34 million, a PE ratio of -0.35 and a beta of 2.32.

Beyond Meat (NASDAQ:BYND) last announced its quarterly earnings results on Monday, November 10th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.39) by ($0.08). The company had revenue of $70.22 million for the quarter, compared to the consensus estimate of $68.82 million. Beyond Meat has set its Q4 2025 guidance at EPS. Analysts expect that Beyond Meat, Inc. will post -2.1 earnings per share for the current year.

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.