Beyond Meat Inc. (BYND) PT Lowered to $21 at Mizuho Securities

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Go back to Beyond Meat Inc. (BYND) PT Lowered to $21 at Mizuho Securities

Beyond Meat (BYND) Stock Tumbles 25% on Wider-than-expected Loss, Barclays Cuts to Equal Weight After 'Disappointing' Results

May 12, 2022 7:11 AM EDT

Shares of Beyond Meat (NASDAQ: BYND) are down more than 25% in premarket trading Thursday after the company reported a wider-than-expected adjusted loss per share.

BYND reported a Q1 adjusted loss per share of $1.58, compared to a loss per share of 42c in the year-ago period and the estimated loss per share of 98c. Net revenue came in at $109.5 million, up 1.2% YoY and below the expected $112.2... More