Beyond Meat (BYND) to Release Quarterly Earnings on Tuesday

Beyond Meat (NASDAQ:BYND) is projected to release its results after the market closes on Tuesday, March 31st. Analysts expect Beyond Meat to post earnings of ($0.12) per share and revenue of $62.9970 million for the quarter.

Beyond Meat Trading Down 6.6%

Shares of NASDAQ BYND opened at $0.65 on Friday. Beyond Meat has a 12-month low of $0.50 and a 12-month high of $7.69. The stock’s fifty day simple moving average is $0.78 and its two-hundred day simple moving average is $1.28. The stock has a market capitalization of $294.89 million, a PE ratio of -0.20 and a beta of 2.62.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Beyond Meat in a research note on Wednesday, January 21st. Two investment analysts have rated the stock with a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Strong Sell” and an average target price of $1.70.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. AQR Capital Management LLC acquired a new stake in Beyond Meat in the first quarter valued at approximately $590,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Beyond Meat by 28.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 72,729 shares of the company’s stock worth $222,000 after purchasing an additional 16,044 shares during the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of Beyond Meat during the second quarter worth $70,000. Geode Capital Management LLC lifted its holdings in shares of Beyond Meat by 15.7% during the 2nd quarter. Geode Capital Management LLC now owns 1,843,998 shares of the company’s stock valued at $6,437,000 after purchasing an additional 250,628 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of Beyond Meat by 66.4% during the 2nd quarter. Cetera Investment Advisers now owns 27,378 shares of the company’s stock valued at $96,000 after purchasing an additional 10,924 shares during the last quarter. Institutional investors own 52.48% of the company’s stock.

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.