Investors Purchase High Volume of Call Options on Beyond Meat (NASDAQ:BYND)

Beyond Meat, Inc. (NASDAQ:BYND) was the recipient of unusually large options trading activity on Wednesday. Investors purchased 379,204 call options on the company. This represents an increase of 51% compared to the typical daily volume of 251,440 call options.

Hedge Funds Weigh In On Beyond Meat

Hedge funds have recently bought and sold shares of the company. Banco Santander S.A. bought a new stake in Beyond Meat during the third quarter valued at $25,000. Savant Capital LLC bought a new stake in Beyond Meat in the third quarter valued at $28,000. Russell Investments Group Ltd. raised its stake in Beyond Meat by 400.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 14,786 shares of the company’s stock worth $28,000 after buying an additional 11,830 shares during the period. Pitcairn Co. bought a new stake in shares of Beyond Meat during the second quarter valued at approximately $37,000. Finally, Chiron Capital Management LLC bought a new position in shares of Beyond Meat in the first quarter valued at $38,000. Institutional investors own 52.48% of the company’s stock.

Beyond Meat Price Performance

Shares of BYND opened at $1.02 on Friday. The business has a 50-day moving average of $1.71 and a 200-day moving average of $2.58. The company has a market capitalization of $462.64 million, a price-to-earnings ratio of -0.32 and a beta of 2.32. Beyond Meat has a 1 year low of $0.50 and a 1 year high of $7.69.

Beyond Meat (NASDAQ:BYND) last announced its earnings results on Monday, November 10th. The company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.39) by ($0.08). The company had revenue of $70.22 million during the quarter, compared to analyst estimates of $68.82 million. Beyond Meat has set its Q4 2025 guidance at EPS. As a group, sell-side analysts anticipate that Beyond Meat will post -2.1 EPS for the current year.

Wall Street Analyst Weigh In

BYND has been the topic of a number of research reports. BMO Capital Markets decreased their target price on shares of Beyond Meat from $5.00 to $4.00 and set a “market perform” rating on the stock in a research note on Thursday, August 14th. Mizuho lowered their target price on Beyond Meat from $1.50 to $1.00 and set an “underperform” rating for the company in a report on Thursday, November 13th. TD Cowen dropped their target price on Beyond Meat from $2.00 to $0.80 and set a “sell” rating for the company in a research report on Tuesday, October 14th. Weiss Ratings restated a “sell (e+)” rating on shares of Beyond Meat in a report on Wednesday, October 8th. Finally, Barclays dropped their price objective on shares of Beyond Meat from $2.00 to $1.00 and set an “underweight” rating for the company in a report on Wednesday, November 12th. Two research analysts have rated the stock with a Hold rating and seven have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Strong Sell” and a consensus price target of $1.70.

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.