Beyond Meat (NASDAQ:BYND) Shares Down 2.4% – Should You Sell?

Beyond Meat, Inc. (NASDAQ:BYND)’s stock price fell 2.4% on Wednesday . The company traded as low as $0.9521 and last traded at $0.9757. 54,584,384 shares traded hands during mid-day trading, an increase of 6% from the average session volume of 51,309,234 shares. The stock had previously closed at $1.00.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BYND. Cowen reissued a “sell” rating on shares of Beyond Meat in a research note on Tuesday, October 14th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Beyond Meat in a research report on Wednesday, October 8th. JPMorgan Chase & Co. initiated coverage on Beyond Meat in a report on Wednesday, August 20th. They issued an “underweight” rating for the company. TD Cowen dropped their price objective on Beyond Meat from $2.00 to $0.80 and set a “sell” rating on the stock in a report on Tuesday, October 14th. Finally, BTIG Research reiterated a “neutral” rating on shares of Beyond Meat in a research report on Friday, October 24th. Two equities research analysts have rated the stock with a Hold rating and seven have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Strong Sell” and a consensus price target of $1.70.

Beyond Meat Trading Down 2.4%

The business has a 50 day moving average of $1.96 and a 200-day moving average of $2.66. The stock has a market cap of $442.55 million, a PE ratio of -0.30 and a beta of 2.32.

Beyond Meat (NASDAQ:BYND) last released its quarterly earnings results on Monday, November 10th. The company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.08). The firm had revenue of $70.22 million during the quarter, compared to the consensus estimate of $68.82 million. Beyond Meat has set its Q4 2025 guidance at EPS. On average, equities research analysts anticipate that Beyond Meat, Inc. will post -2.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Beyond Meat

A number of institutional investors have recently modified their holdings of BYND. The Manufacturers Life Insurance Company boosted its position in Beyond Meat by 22.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 28,047 shares of the company’s stock valued at $98,000 after buying an additional 5,143 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of 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 acquiring an additional 6,020 shares in the last quarter. Intech Investment Management LLC boosted its holdings in Beyond Meat by 17.3% in the second quarter. Intech Investment Management LLC now owns 44,984 shares of the company’s stock valued at $157,000 after purchasing an additional 6,629 shares during the last quarter. Police & Firemen s Retirement System of New Jersey boosted its holdings in Beyond Meat by 68.2% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 20,598 shares of the company’s stock valued at $72,000 after purchasing an additional 8,355 shares during the last quarter. Finally, Apollon Wealth Management LLC acquired a new stake in Beyond Meat during the 1st quarter valued at approximately $31,000. 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.