Beyond Meat (NASDAQ:BYND) Stock Price Down 6.3% - Should You Sell?

Key Points

• Shares fell 6.3% to $1.19 on Thursday with extremely heavy volume (187.9M shares, about +278% vs. average), signaling heightened trading activity and selling pressure.
• Wall Street is broadly negative on BYND — seven sell ratings vs. two holds, an average rating of "Strong Sell" and an average price target of $2.08, with multiple recent downgrades and target cuts.
• Company fundamentals remain weak: the latest quarter missed estimates (EPS -$0.43 vs. -$0.37 est., revenue $74.96M vs. $85.71M), revenue is down ~19.5% year‑over‑year, analysts expect ~-2.1 EPS for the year, and market cap is about $473M.

Beyond Meat, Inc. (NASDAQ:BYND - Get Free Report) shares traded down 6.3% on Thursday . The stock traded as low as $1.19 and last traded at $1.19. 187,909,020 shares changed hands during trading, an increase of 278% from the average session volume of 49,654,418 shares. The stock had previously closed at $1.27.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. BTIG Research reissued a "neutral" rating on shares of Beyond Meat in a research report on Friday, October 24th. JPMorgan Chase & Co. initiated coverage on shares of Beyond Meat in a research report on Wednesday, August 20th. They issued an "underweight" rating for the company. Argus downgraded shares of Beyond Meat from a "hold" rating to a "sell" rating in a research report on Monday, September 15th. BMO Capital Markets cut their target price on shares of Beyond Meat from $5.00 to $4.00 and set a "market perform" rating for the company in a research report on Thursday, August 14th. Finally, TD Cowen cut their target price on shares of Beyond Meat from $2.00 to $0.80 and set a "sell" rating for the company in a research report on Tuesday, October 14th. Two equities research analysts have rated the stock with a Hold rating and seven have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Strong Sell" and an average price target of $2.08.

Beyond Meat Stock Performance

The business's 50-day moving average price is $2.20 and its 200-day moving average price is $2.74. The stock has a market cap of $473.15 million, a P/E ratio of -0.55 and a beta of 2.32.

Beyond Meat (NASDAQ:BYND - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported ($0.43) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.06). The business had revenue of $74.96 million for the quarter, compared to analyst estimates of $85.71 million. The firm's quarterly revenue was down 19.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.53) EPS. As a group, equities research analysts expect that Beyond Meat, Inc. will post -2.1 earnings per share for the current year.

Institutional Trading of Beyond Meat

Several hedge funds have recently bought and sold shares of the stock. Vontobel Holding Ltd. grew its holdings in Beyond Meat by 20.2% during the 2nd 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 valued at about $555,000. Wealth Enhancement Advisory Services LLC bought a new position in Beyond Meat during the 1st quarter valued at about $48,000. Nisa Investment Advisors LLC grew its holdings in Beyond Meat by 16,921.9% during the 1st quarter. Nisa Investment Advisors LLC now owns 124,260 shares of the company's stock valued at $379,000 after purchasing an additional 123,530 shares during the last quarter. Finally, Ieq Capital LLC bought a new position in Beyond Meat during the 1st quarter valued at about $67,000. Hedge funds and other institutional investors 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.

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