Beyond Meat, Inc. (NASDAQ:BYND - Get Free Report) fell 9% during mid-day trading on Tuesday following a dissappointing earnings announcement. The company traded as low as $1.18 and last traded at $1.22. 79,515,297 shares were traded during mid-day trading, an increase of 57% from the average session volume of 50,597,465 shares. The stock had previously closed at $1.34.
The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.39) by ($0.08). The firm 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.
Analyst Ratings Changes
Several brokerages have weighed in on BYND. JPMorgan Chase & Co. initiated coverage on Beyond Meat in a research note on Wednesday, August 20th. They issued an "underweight" rating on the stock. TD Cowen decreased their price target on shares of Beyond Meat from $2.00 to $0.80 and set a "sell" rating on the stock in a research note on Tuesday, October 14th. BTIG Research reaffirmed a "neutral" rating on shares of Beyond Meat in a research note on Friday, October 24th. Argus cut shares of Beyond Meat from a "hold" rating to a "sell" rating in a research report on Monday, September 15th. Finally, Mizuho cut their price target on Beyond Meat from $2.00 to $1.50 and set an "underperform" rating on the stock in a research note on Friday, October 24th. 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, Beyond Meat presently has a consensus rating of "Strong Sell" and a consensus target price of $2.08.
View Our Latest Analysis on Beyond Meat
Institutional Trading of Beyond Meat
Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Beyond Meat by 1.5% during the third quarter. Vanguard Group Inc. now owns 4,780,045 shares of the company's stock worth $9,034,000 after buying an additional 69,423 shares during the last quarter. Baader Bank Aktiengesellschaft acquired a new stake in Beyond Meat during the 3rd quarter worth approximately $44,000. Savant Capital LLC bought a new position in shares of Beyond Meat during the third quarter worth about $28,000. Regatta Capital Group LLC bought a new stake in Beyond Meat during the 3rd quarter worth about $38,000. Finally, Vontobel Holding Ltd. grew its position in shares of Beyond Meat by 38.0% in the 3rd quarter. Vontobel Holding Ltd. now owns 2,917,994 shares of the company's stock valued at $5,515,000 after acquiring an additional 804,125 shares during the period. 52.48% of the stock is currently owned by institutional investors.
Beyond Meat Stock Performance
The firm has a fifty day simple moving average of $2.12 and a 200-day simple moving average of $2.72. The firm has a market cap of $485.08 million, a price-to-earnings ratio of -0.56 and a beta of 2.32.
Beyond Meat Company Profile
(
Get Free Report)
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.
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