Beyond Meat (BYND), a popular meme stock, will release its first-quarter results on Wednesday, May 6. The stock has fallen 62% over the past year, pressured by weak retail sales, softer restaurant traffic, and pricing challenges. However, it is up 20% year-to-date as the company pushes into new categories, including plant-based drinks. The company’s ownership structure provides valuable insight into both confidence and caution surrounding this stock ahead of earnings.
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Ahead of the print, Wall Street analysts expect Beyond Meat to report a first-quarter loss of $0.12 per share on revenues of approximately $59.6 million. The company’s own guidance for the quarter is slightly more conservative, projecting net revenues between $57 million and $59 million.
Who Owns Beyond Meat Stock?
Now, according to TipRanks’ ownership page, public companies and individual investors own 74.18% of BYND. They are followed by ETFs, insiders, mutual funds, and other institutional investors, at 9.73%, 8.22%, 7.71%, and 0.16%, respectively.
Breaking Down BYND’s Ownership Structure
Looking closely at top shareholders, Vanguard owns the highest stake in BYND at 5.54%. Next up is Ethan Brown, who holds a 5.18% stake in the company.
Among the top ETF holders, the Vanguard Total Stock Market ETF (VTI) owns a 2.83% stake in Beyond Meat stock, followed by the iShares Russell 2000 ETF (IWM), with a 2.09% stake.
Moving to mutual funds, Vanguard Index Funds holds about 3.90% of BYND. Meanwhile, Fidelity Salem Street Trust owns 0.91% of the company.
Is BYND Stock a Buy, Hold, or Sell?
Currently, Wall Street has a Moderate Sell consensus rating on Beyond Meat stock based on three Hold and three Sell recommendations. The average BYND stock price target of $0.66 indicates about 30.43% downside potential from current levels.
