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In a recent SEC filing, Chelsea A. Grayson, a director at Beyond Meat, Inc. (NASDAQ:BYND), disclosed the sale of 1,110 shares of the company’s common stock. The transaction comes as Beyond Meat’s stock has declined over 60% in the past year, with InvestingPro data showing the company’s financial health score currently at WEAK. The transaction, executed on March 25, 2025, was conducted at a price of $3.28 per share, totaling approximately $3,640. Following this sale, Grayson holds 45,919 shares in the plant-based food company, which now has a market capitalization of $252 million. The sale was part of a pre-established Rule 10b5-1 trading plan, which was adopted on December 12, 2024. For comprehensive insider trading analysis and 15 additional key insights about BYND, visit InvestingPro.
In other recent news, Beyond Meat Inc . reported its fourth-quarter 2024 earnings, revealing a loss per share of -$0.65, which missed the forecast of -$0.44. However, the company posted a slight revenue beat with $76.7 million against an expected $75.98 million. Analysts from Jefferies, TD Cowen, and BMO Capital have all revised their price targets for Beyond Meat, citing various challenges and mixed financial results. Jefferies lowered its price target to $3.15 while maintaining a Hold rating, highlighting the company’s liquidity concerns and the need for balance sheet restructuring by 2025. TD Cowen cut its target to $2.50, emphasizing a shortfall in gross profit and EBITDA, and maintaining a Sell rating. Meanwhile, BMO Capital reduced its target to $5.00, noting lower-than-expected gross margins and a cautious outlook on sales growth. Mizuho (NYSE:MFG) Securities reiterated its $3.00 target, pointing to several headwinds despite some optimism in EBITDA projections. Beyond Meat’s management has announced further workforce reductions and a suspension of operations in China as part of its strategy to achieve positive EBITDA by the end of 2026.
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