Why Is BYND Falling Today?

Shares of Beyond Meat fell to $14.74 during today's afternoon trading session. Despite the -6.4% change, the mid-cap company still trades 43.52% above its average analyst target price of $10.27. So there may be further downside for the stock. Beyond Meat has target prices ranging from $5.0 to $14.0 per share, and its average rating is hold.

The stock has a high number of short sellers at 36.2% of the float, and a short ratio of 5.3. 9.16% of the corporation's outstanding shares are owned by its managers and directors, indicating a strong degree of alignment between their interests and those of other shareholders. Finally, we note that 37.3% of Beyond Meat's shares are owned by institutional investors.

Institutions Invested in Beyond Meat

Date Reported Holder Percentage Shares Value
2023-03-31 Vanguard Group Inc 9% 6,070,559 $89,480,038
2023-03-31 Blackrock Inc. 6% 4,062,886 $59,886,938
2023-03-31 State Street Corporation 2% 1,448,519 $21,351,169
2023-03-31 Geode Capital Management, LLC 2% 1,166,304 $17,191,320
2023-03-31 Morgan Stanley 2% 969,488 $14,290,252
2023-03-31 Northern Trust Corporation 1% 563,683 $8,308,687
2022-12-31 Norges Bank Investment Management 1% 558,529 $8,232,717
2023-03-31 Coatue Management LLC 1% 490,640 $7,232,033
2023-03-31 Goldman Sachs Group Inc 1% 483,483 $7,126,539
2023-03-31 Charles Schwab Investment Management, Inc. 1% 451,987 $6,662,288
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.