Beyond Meat, Inc. (NASDAQ:BYND) Receives Average Recommendation of “Strong Sell” from Brokerages

Beyond Meat, Inc. (NASDAQ:BYND) has earned a consensus rating of “Strong Sell” from the eight research firms that are covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $1.70.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Beyond Meat in a report on Wednesday, January 21st.

Beyond Meat Stock Performance

NASDAQ BYND traded up $0.00 on Friday, reaching $0.65. The company’s stock had a trading volume of 4,620,065 shares, compared to its average volume of 36,643,707. Beyond Meat has a twelve month low of $0.50 and a twelve month high of $7.69. The firm’s 50 day moving average is $0.78 and its two-hundred day moving average is $1.28. The stock has a market cap of $296.71 million, a PE ratio of -0.20 and a beta of 2.62.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Banco Santander S.A. acquired a new position in Beyond Meat during the third quarter valued at $25,000. Xponance LLC acquired a new stake in Beyond Meat during the 4th quarter worth about $25,000. Savant Capital LLC acquired a new stake in Beyond Meat during the 3rd quarter worth about $28,000. Russell Investments Group Ltd. grew its stake in Beyond Meat by 400.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 14,786 shares of the company’s stock valued at $28,000 after acquiring an additional 11,830 shares in the last quarter. Finally, Leonteq Securities AG acquired a new position in shares of Beyond Meat in the 4th quarter valued at about $33,000. Institutional investors own 52.48% of the company’s stock.

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.