15 Best Beaten Down Stocks to Invest In

12) Beyond Meat, Inc. (NASDAQ:BYND)

% Decline on a YTD Basis: ~49.2%

Number of Hedge Fund Holders: 8

Beyond Meat, Inc. (NASDAQ:BYND) is a plant-based meat company that is engaged in developing, manufacturing, marketing, and selling plant-based meat products under the Beyond brand name in the US and internationally.

Beyond Meat, Inc. (NASDAQ:BYND) reduced its sales guidance for Q4 2024, demonstrating a potential slowdown in growth. The company expects to generate $320–$330 million in net revenue for FY 2024, down from its previous range of $320 million –$340 million. Moreover, increasing competition and shifting consumer trends continue to weigh over the company’s performance.

In response to market challenges, Beyond Meat, Inc. (NASDAQ:BYND) sharpened its focus on key products including burgers and steaks. It has been emphasizing the health benefits of its plant-based offerings to offset negative perceptions and differentiate itself amidst increased competition. This strategic pivot targets capitalizing on Beyond Meat, Inc. (NASDAQ:BYND)’s strong brand recognition and address changes in consumer preferences.

Also, the company’s focus on international expansion, primarily in Europe, offers a significant opportunity for future growth. Beyond Meat, Inc. (NASDAQ:BYND) identified Germany as a key market, in which consumers’ attitudes towards plant-based proteins might be more favorable as compared to the US. Market experts believe that European consumers have demonstrated increased interest in sustainable and plant-based food options as a result of environmental concerns and health-conscious lifestyles. This trend aligns well with Beyond Meat, Inc. (NASDAQ:BYND)’s product offerings and marketing messages, resulting in capturing a larger market share.