Wall Street Zen Upgrades Beyond Meat (NASDAQ:BYND) to Sell

Beyond Meat (NASDAQ:BYND) was upgraded by Wall Street Zen from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Sunday, Wall Street Zen reports.

A number of other equities research analysts have also weighed in on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Beyond Meat in a report on Wednesday, July 8th. Zacks Research upgraded Beyond Meat from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Finally, Barclays reaffirmed an “underweight” rating and set a $10.00 price target (up from $0.50) on shares of Beyond Meat in a research report on Monday, August 17th. Three investment analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Strong Sell” and a consensus price target of $23.50.

Beyond Meat Price Performance

BYND opened at $10.31 on Friday. The firm has a market capitalization of $177.23 million, a PE ratio of -0.19 and a beta of 2.76. The company has a debt-to-equity ratio of 6.57, a current ratio of 2.63 and a quick ratio of 2.07. The business’s 50-day moving average is $15.22 and its two-hundred day moving average is $20.14. Beyond Meat has a 1 year low of $9.81 and a 1 year high of $230.70.

Institutional Trading of Beyond Meat

Institutional investors and hedge funds have recently modified their holdings of the stock. Engineers Gate Manager LP purchased a new stake in Beyond Meat in the 2nd quarter valued at $71,000. Integrated Wealth Concepts LLC raised its holdings in shares of Beyond Meat by 148.0% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 109,154 shares of the company’s stock worth $82,000 after acquiring an additional 65,145 shares during the period. Squarepoint Ops LLC purchased a new position in shares of Beyond Meat during the 2nd quarter worth $1,550,000. Two Sigma Securities LLC boosted its position in shares of Beyond Meat by 64.9% during the 2nd quarter. Two Sigma Securities LLC now owns 51,002 shares of the company’s stock valued at $38,000 after acquiring an additional 20,070 shares during the last quarter. Finally, Van ECK Associates Corp acquired a new position in shares of Beyond Meat during the 2nd quarter valued at about $106,000. Hedge funds and other 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.