Why Beyond Meat's Stock Is Trading Lower Today

Beyond Meat Inc BYND shares are trading lower on Tuesday after Bernstein downgraded the company's stock from Market Perform to Underperform and announced a $136 price target.

Beyond Meat is a Los Angeles-based producer of plant-based meat substitutes. The company was founded in 2009 by Ethan Brown.

Beyond Meat shares traded down 3.82% to $184.95 on Tuesday at the time of publication. The stock has a 52-week high of $197.50 and a 52-week low of $48.18.