Beyond Meat (NASDAQ:BYND) Trading Up 6.9% – Still a Buy?

Beyond Meat, Inc. (NASDAQ:BYND) shares rose 6.9% on Friday . The company traded as high as $1.23 and last traded at $1.08. Approximately 127,900,793 shares traded hands during trading, an increase of 149% from the average daily volume of 51,279,359 shares. The stock had previously closed at $1.01.

Wall Street Analysts Forecast Growth

BYND has been the subject of a number of analyst reports. Barclays decreased their price objective on shares of Beyond Meat from $2.00 to $1.00 and set an “underweight” rating for the company in a research report on Wednesday. Argus downgraded Beyond Meat from a “hold” rating to a “sell” rating in a research report on Monday, September 15th. BMO Capital Markets dropped their price objective on Beyond Meat from $5.00 to $4.00 and set a “market perform” rating on the stock in a research note on Thursday, August 14th. Weiss Ratings reissued a “sell (e+)” rating on shares of Beyond Meat in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Beyond Meat in a report on Wednesday, August 20th. They issued an “underweight” rating on the stock. Two analysts have rated the stock with a Hold rating and seven have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Strong Sell” and a consensus price target of $1.70.

Beyond Meat Price Performance

The stock has a 50-day moving average of $2.05 and a 200-day moving average of $2.68. The firm has a market cap of $429.42 million, a price-to-earnings ratio of -0.34 and a beta of 2.32.

Beyond Meat (NASDAQ:BYND) last posted 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 company had revenue of $70.22 million for the quarter, compared to analyst estimates of $68.82 million. Beyond Meat has set its Q4 2025 guidance at EPS. On average, equities analysts expect that Beyond Meat, Inc. will post -2.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Vontobel Holding Ltd. raised its position in Beyond Meat by 20.2% in the second quarter. Vontobel Holding Ltd. now owns 2,113,869 shares of the company’s stock valued at $7,377,000 after purchasing an additional 354,965 shares during the last quarter. Nuveen LLC bought a new position in Beyond Meat during the 1st quarter worth approximately $555,000. Nisa Investment Advisors LLC raised its stake in Beyond Meat by 16,921.9% during the first quarter. Nisa Investment Advisors LLC now owns 124,260 shares of the company’s stock worth $379,000 after buying an additional 123,530 shares during the last quarter. Ieq Capital LLC bought a new position in shares of Beyond Meat in the 1st quarter worth about $67,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Beyond Meat by 8.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 573,596 shares of the company’s stock valued at $1,749,000 after purchasing an additional 46,540 shares during the period. 52.48% of the stock is currently owned by institutional investors.

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.