Here's Why Beyond Meat Has Tumbled to a 1-Year Low

Shares of Beyond Meat (NASDAQ: BYND) have tumbled roughly 60% from their peak just a few weeks ago and were down as much as 10.8% in early trading today. Shares are now trading hands at a one-year low. While the stock recovered by midday trading, investors have legitimate concerns for the business that aren't just loosely related to the broader economic fallout from the coronavirus pandemic.

In 2019, the animal-free protein developer reported that restaurants and food service channels were responsible for 51% of total revenue. With much of the United States and Europe on temporary lockdowns and many nonessential businesses closed -- including restaurants -- investors are bracing for the growth stock to slow down significantly in 2020.

As of 11:31 a.m. EDT, the stock had settled to a 1.8% loss, but investors should expect volatility to continue for the foreseeable future.

Source Fool.com