Teri Witteman Sells 29,978 Shares of Beyond Meat (NASDAQ:BYND) Stock

Beyond Meat, Inc. (NASDAQ:BYND - Get Free Report) insider Teri Witteman sold 29,978 shares of the company's stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $1.00, for a total transaction of $29,978.00. Following the completion of the sale, the insider directly owned 4,178,194 shares in the company, valued at approximately $4,178,194. The trade was a 0.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Beyond Meat Stock Up 5.3%

• Is Beyond Meat Beyond Hope? A Deep Read On Its Price Outlook

NASDAQ BYND opened at $1.10 on Thursday. The stock has a market cap of $509.92 million, a P/E ratio of -0.39 and a beta of 2.67. The company's 50-day simple moving average is $0.74 and its 200 day simple moving average is $1.03. Beyond Meat, Inc. has a twelve month low of $0.50 and a twelve month high of $7.69.

Beyond Meat (NASDAQ:BYND - Get Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.17). The firm had revenue of $61.59 million for the quarter, compared to the consensus estimate of $63.00 million. Beyond Meat had a negative return on equity of 37.44% and a net margin of 43.98%. Research analysts anticipate that Beyond Meat, Inc. will post -0.36 earnings per share for the current year.

Hedge Funds Weigh In On Beyond Meat

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• Is Beyond Meat a Buy After Meme Stock Surge? Analysts Say No

A number of large investors have recently modified their holdings of the stock. Vontobel Holding Ltd. lifted its holdings in Beyond Meat by 38.0% in the third quarter. Vontobel Holding Ltd. now owns 2,917,994 shares of the company's stock valued at $5,515,000 after buying an additional 804,125 shares during the period. ProShare Advisors LLC lifted its holdings in Beyond Meat by 456.4% in the fourth quarter. ProShare Advisors LLC now owns 70,065 shares of the company's stock valued at $57,000 after buying an additional 57,472 shares during the period. Leonteq Securities AG acquired a new position in Beyond Meat in the fourth quarter valued at approximately $33,000. UBS Group AG lifted its holdings in Beyond Meat by 674.8% in the fourth quarter. UBS Group AG now owns 9,788,528 shares of the company's stock valued at $8,027,000 after buying an additional 8,525,183 shares during the period. Finally, SBI Securities Co. Ltd. lifted its holdings in Beyond Meat by 58.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 158,314 shares of the company's stock valued at $130,000 after buying an additional 58,101 shares during the period. 52.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on BYND. Barclays decreased their price objective on shares of Beyond Meat from $1.00 to $0.50 and set an "underweight" rating on the stock in a research note on Thursday, April 2nd. Zacks Research cut shares of Beyond Meat from a "hold" rating to a "strong sell" rating in a research note on Tuesday, April 7th. BMO Capital Markets decreased their price objective on shares of Beyond Meat from $4.00 to $1.00 and set a "market perform" rating on the stock in a research note on Monday, April 6th. Finally, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Beyond Meat in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Hold rating and seven have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Strong Sell" and an average price target of $0.83.

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Check Out Our Latest Analysis on BYND

Key Headlines Impacting Beyond Meat

Here are the key news stories impacting Beyond Meat this week:

• Positive Sentiment: Nationwide product expansion and a new NY distribution deal broaden retail reach and add new categories (breakfast sausage nationwide; Beyond Immerse beverages via Big Geyser), which can boost sales and shelf visibility. Assessing Beyond Meat’s Valuation After New Product Rollout And Big Geyser Distribution Deal
• Positive Sentiment: Retail/meme-stock interest and short-term momentum (large multi-day gains and heavy volume) have drawn rapid inflows and media attention, driving price appreciation independent of fundamentals. Why Beyond Meat Stock Is Soaring Today
• Neutral Sentiment: Analyses are reassessing valuation given the product moves; longer-term upside depends on whether new SKUs translate into sustained revenue and margin improvement. Beyond Meat Is Making the Right Move, But Is It Too Late?
• Negative Sentiment: Warnings about a potential short squeeze / meme rally risk elevated volatility; commentators advise disciplined investors not to chase the spike, which could reverse quickly. Is a Short Squeeze Breaking Out in Beyond Meat Stock Now?
• Negative Sentiment: Fundamental concerns remain — recent quarterly results missed EPS and revenue expectations, and coverage highlights very thin (or stressed) margins and execution risk, which could cap longer-term upside if product rollouts don’t improve profitability. Beyond Meat: Highly Risky Business With Near-Zero Gross Margins

Beyond Meat Company Profile

(Get Free Report)

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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