SG Americas Securities LLC cut its stake in shares of Beyond Meat, Inc. (NASDAQ:BYND - Free Report) by 83.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 201,838 shares of the company's stock after selling 985,173 shares during the quarter. SG Americas Securities LLC owned 0.26% of Beyond Meat worth $704,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vontobel Holding Ltd. boosted its position in Beyond Meat by 20.2% in the second quarter. Vontobel Holding Ltd. now owns 2,113,869 shares of the company's stock valued at $7,377,000 after buying an additional 354,965 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Beyond Meat by 15.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,843,998 shares of the company's stock valued at $6,437,000 after acquiring an additional 250,628 shares during the last quarter. AQR Capital Management LLC bought a new position in shares of Beyond Meat in the 1st quarter valued at $590,000. Nuveen LLC acquired a new stake in shares of Beyond Meat during the 1st quarter valued at $555,000. Finally, Charles Schwab Investment Management Inc. grew its position in Beyond Meat by 8.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 573,596 shares of the company's stock worth $1,749,000 after acquiring an additional 46,540 shares during the last quarter. Institutional investors own 52.48% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the company. Mizuho dropped their target price on Beyond Meat from $1.50 to $1.00 and set an "underperform" rating for the company in a research report on Thursday, November 13th. Barclays lowered their price objective on Beyond Meat from $2.00 to $1.00 and set an "underweight" rating for the company in a research note on Wednesday, November 12th. Cowen reiterated a "sell" rating on shares of Beyond Meat in a research report on Tuesday, October 14th. BTIG Research reissued a "neutral" rating on shares of Beyond Meat in a report on Friday, October 24th. Finally, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Beyond Meat in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating and seven have issued a Sell rating to the stock. According to MarketBeat, Beyond Meat currently has an average rating of "Strong Sell" and an average price target of $1.70.
Check Out Our Latest Research Report on BYND
Beyond Meat Price Performance
Beyond Meat stock opened at $0.86 on Tuesday. The stock's 50 day moving average is $1.82 and its 200 day moving average is $2.61. Beyond Meat, Inc. has a one year low of $0.50 and a one year high of $7.69. The firm has a market cap of $391.20 million, a P/E ratio of -0.27 and a beta of 2.32.
Beyond Meat (NASDAQ:BYND - Get Free Report) last released its 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 business 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. Equities analysts anticipate that Beyond Meat, Inc. will post -2.1 earnings per share for the current fiscal year.
About Beyond Meat
(
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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