Beyond Meat, Inc. (NASDAQ:BYND) Given Consensus Recommendation of "Strong Sell" by Brokerages

Key Points

• Beyond Meat has a consensus “Strong Sell” rating: Five of eight analysts recommend selling the stock, while three rate it a hold. The average 12-month price target is $23.50.
• Barclays maintained an “underweight” rating while raising its price target to $10 from $0.50; other firms recently issued sell or hold-equivalent ratings.
• Shares fell 1.6% to $14.54, with the company carrying a high debt-to-equity ratio of 6.57 and reporting a market capitalization of roughly $250 million. Institutional investors own 52.48% of the stock.

Beyond Meat, Inc. (NASDAQ:BYND - Get Free Report) has been given an average recommendation of "Strong Sell" by the eight research firms that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $23.50.

BYND has been the subject of several analyst reports. Barclays restated an "underweight" rating and set a $10.00 price target (up from $0.50) on shares of Beyond Meat in a report on Monday, August 17th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Beyond Meat in a research note on Wednesday, July 8th. Zacks Research upgraded shares of Beyond Meat from a "strong sell" rating to a "hold" rating in a research report on Monday, June 1st. Finally, Wall Street Zen upgraded shares of Beyond Meat from a "strong sell" rating to a "sell" rating in a report on Sunday, July 12th.

Beyond Meat Trading Down 1.6%

Shares of BYND traded down $0.23 during mid-day trading on Monday, reaching $14.54. 393,040 shares of the company were exchanged, compared to its average volume of 1,567,487. The business has a 50 day simple moving average of $18.06 and a two-hundred day simple moving average of $21.20. The company has a debt-to-equity ratio of 6.57, a quick ratio of 2.07 and a current ratio of 2.63. The stock has a market capitalization of $249.76 million, a PE ratio of -0.26 and a beta of 2.78. Beyond Meat has a 52 week low of $10.71 and a 52 week high of $230.70.

Institutional Investors Weigh In On Beyond Meat

A number of hedge funds have recently added to or reduced their stakes in the business. Evolve Private Wealth LLC acquired a new stake in shares of Beyond Meat during the 1st quarter worth approximately $25,000. Xponance LLC bought a new position in Beyond Meat during the fourth quarter worth $25,000. State of Wyoming acquired a new stake in Beyond Meat in the first quarter worth $27,000. Russell Investments Group Ltd. increased its stake in Beyond Meat by 400.2% in the third quarter. Russell Investments Group Ltd. now owns 14,786 shares of the company's stock valued at $28,000 after purchasing an additional 11,830 shares in the last quarter. Finally, Chicago Partners Investment Group LLC acquired a new position in shares of Beyond Meat during the first quarter valued at about $29,000. 52.48% of the stock is currently owned by 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.

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