Beyond Meat (NASDAQ:BYND) Shares Gap Up – Time to Buy?
by Scott Moore · The Cerbat GemBeyond Meat, Inc. (NASDAQ:BYND – Get Free Report)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $1.16, but opened at $1.38. Beyond Meat shares last traded at $1.2450, with a volume of 158,249,801 shares trading hands.
Beyond Meat News Summary
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
Analyst Ratings Changes
A number of equities analysts have commented on BYND shares. Weiss Ratings restated a “sell (e+)” rating on shares of Beyond Meat in a research report on Wednesday, January 21st. BMO Capital Markets reduced their price target on shares of Beyond Meat from $4.00 to $1.00 and set a “market perform” rating on the stock in a research report on Monday, April 6th. Zacks Research lowered shares of Beyond Meat from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 7th. Finally, Barclays reduced their price target on shares of Beyond Meat from $1.00 to $0.50 and set an “underweight” rating on the stock in a research report on Thursday, April 2nd. Two analysts have rated the stock with a Hold rating and seven have given a Sell rating to the stock. According to MarketBeat, Beyond Meat has a consensus rating of “Strong Sell” and an average target price of $0.83.
Check Out Our Latest Analysis on BYND
Beyond Meat Stock Up 5.3%
The stock’s 50-day moving average price is $0.74 and its 200-day moving average price is $1.03. The company has a market capitalization of $509.92 million, a price-to-earnings ratio of -0.39 and a beta of 2.67.
Beyond Meat (NASDAQ:BYND – Get Free Report) last announced 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). Beyond Meat had a net margin of 43.98% and a negative return on equity of 37.44%. The business had revenue of $61.59 million during the quarter, compared to analyst estimates of $63.00 million. On average, equities research analysts anticipate that Beyond Meat, Inc. will post -0.36 EPS for the current year.
Insider Activity at Beyond Meat
In related news, CFO Lubi Kutua sold 419,042 shares of the stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $0.60, for a total value of $251,425.20. Following the transaction, the chief financial officer directly owned 5,749,967 shares in the company, valued at $3,449,980.20. This represents a 6.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Teri L. Witteman sold 29,978 shares of the stock in a transaction that occurred on 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 transaction, the insider owned 4,178,194 shares in the company, valued at $4,178,194. This represents a 0.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.90% of the company’s stock.
Hedge Funds Weigh In On Beyond Meat
Several large investors have recently bought and sold shares of BYND. Banco Santander S.A. acquired a new position in Beyond Meat in the third quarter valued at approximately $25,000. Evolve Private Wealth LLC acquired a new position in Beyond Meat in the first quarter valued at approximately $25,000. Xponance LLC acquired a new position in Beyond Meat in the fourth quarter valued at approximately $25,000. Savant Capital LLC acquired a new position in Beyond Meat in the third quarter valued at approximately $28,000. Finally, Russell Investments Group Ltd. lifted its holdings in Beyond Meat by 400.2% in the third quarter. Russell Investments Group Ltd. now owns 14,786 shares of the company’s stock valued at $28,000 after buying an additional 11,830 shares during the period. 52.48% of the stock is currently owned by institutional investors and hedge funds.
Beyond Meat Company Profile
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.