Beyond Meat (BYND, Financial) experienced a notable stock price increase of 5.03%, reaching $4.18 per share. The trading volume was 855,278 shares, with a turnover rate of 1.31% and a price fluctuation of 6.16%. The company recently reported revenue of $81.01 million and a net loss of $26.58 million, translating to an earnings per share of -$0.41. The gross profit stood at $13.71 million, with a negative price-to-earnings ratio of -1.00.
In terms of analyst ratings, among the 12 institutions covering the stock, 58% recommend holding, while 42% advise selling. No institution currently suggests buying the stock. Within the packaged food industry, where Beyond Meat operates, the sector saw a minor decline of 0.05%. Other active stocks in this sector include Stryve Foods Inc and Clene Inc, with significant price movements in Rongye Foods and Above Food Ingredients Inc.
Beyond Meat is renowned for its innovative plant-based meat products, offering alternatives that mimic the taste and texture of traditional animal meats while providing nutritional and environmental benefits. The company's product lineup includes burgers, sausages, ground beef, jerky, meatballs, and chicken. Its revenue is primarily generated through sales in mainstream grocery stores, big-box retailers, club stores, convenience stores, and natural food retailers, as well as various foodservice channels, including restaurants and schools, predominantly in the United States.
