Beyond Meat (NASDAQ:BYND) Posts Quarterly Earnings Results, Misses Expectations By $0.21 EPS

Beyond Meat (NASDAQ:BYND - Get Free Report) posted its quarterly earnings data on Wednesday. The company reported ($0.65) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.44) by ($0.21), Zacks reports. The firm had revenue of $76.66 million for the quarter, compared to the consensus estimate of $76.08 million. Beyond Meat updated its FY 2025 guidance to EPS.

Beyond Meat Stock Down 0.6 %

Shares of NASDAQ:BYND traded down $0.02 during trading on Friday, hitting $3.16. 4,182,076 shares of the company traded hands, compared to its average volume of 3,636,021. The stock has a market capitalization of $206.04 million, a price-to-earnings ratio of -0.76 and a beta of 2.31. Beyond Meat has a one year low of $3.10 and a one year high of $11.70. The business's fifty day moving average is $3.86 and its 200-day moving average is $5.10.

Insider Activity at Beyond Meat

In other Beyond Meat news, insider Ethan Brown sold 313,000 shares of the firm's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $3.75, for a total value of $1,173,750.00. Following the sale, the insider now directly owns 1,703,288 shares in the company, valued at approximately $6,387,330. This trade represents a 15.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 8.60% of the company's stock.

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Analyst Ratings Changes

Several research firms recently issued reports on BYND. Barclays cut their price target on shares of Beyond Meat from $4.00 to $3.00 and set an "underweight" rating on the stock in a report on Thursday. BMO Capital Markets cut their target price on shares of Beyond Meat from $6.00 to $5.00 and set a "market perform" rating on the stock in a research note on Thursday. Four equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to data from MarketBeat.com, Beyond Meat has an average rating of "Reduce" and an average price target of $4.92.

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.