Beyond Meat (BYND) to Release Earnings on Tuesday

Beyond Meat (NASDAQ:BYND) is anticipated to issue its results after the market closes on Tuesday, March 31st. Analysts expect the company to announce earnings of ($0.12) per share and revenue of $62.9970 million for the quarter.

Beyond Meat Stock Performance

Shares of NASDAQ:BYND opened at $0.65 on Friday. The firm’s 50 day simple moving average is $0.78 and its 200-day simple moving average is $1.28. Beyond Meat has a one year low of $0.50 and a one year high of $7.69. The firm has a market cap of $294.89 million, a PE ratio of -0.20 and a beta of 2.62.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Beyond Meat in a research note on Wednesday, January 21st. Two investment analysts have rated the stock with a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Strong Sell” and a consensus target price of $1.70.

Institutional Trading of Beyond Meat

A number of hedge funds have recently added to or reduced their stakes in BYND. Geode Capital Management LLC grew its holdings in Beyond Meat by 445.0% during the 4th quarter. Geode Capital Management LLC now owns 9,927,157 shares of the company’s stock worth $8,142,000 after acquiring an additional 8,105,718 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Beyond Meat by 1.5% in the 3rd 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 in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Beyond Meat by 497.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,383,511 shares of the company’s stock worth $2,774,000 after purchasing an additional 2,816,778 shares during the period. Atom Investors LP lifted its position in shares of Beyond Meat by 669.3% in the 4th quarter. Atom Investors LP now owns 655,779 shares of the company’s stock worth $538,000 after purchasing an additional 570,536 shares during the period. Finally, Virtu Financial LLC boosted its stake in shares of Beyond Meat by 670.6% during the fourth quarter. Virtu Financial LLC now owns 608,487 shares of the company’s stock valued at $499,000 after purchasing an additional 529,526 shares in the last quarter. 52.48% of the stock is owned by hedge funds and other institutional investors.

About Beyond Meat

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.