"Beyond Meat Gets Double Downgrade at Barclays to Underweight" (BYND)

As we've said over the years, it is just so dangerous to short on a valuation basis during a bull market.
Safer to find a fraud Wirecard. However....
There is a lot of air under BYND's stock price, meaning any news perceived as negative means downdraft.
$129.60 down $12.08 (-8.53%)

From TheStreet:
'Headwinds related to foods service channels being closed due to lockdowns' led to the action against Beyond Meat, Barclays said.

Beyond Meat  (BYND) - Get Report shares fell in an up market Monday morning, after Barclays analyst Benjamin Theurer downgraded the plant-based meat seller to underweight from overweight.
Theurer's move was based on “near- to medium-term headwinds, mostly related to foodservice channels being closed due to lockdowns,” he wrote in a commentary cited by Bloomberg.
The restaurant/foodservice sector has accounted for most of Beyond Meat’s recent sales growth. In 2019, restaurant/foodservice made up about half of the company’s revenue....MORE

Possibly more important was this bit late last week:
Beyond Meat shares fall after McDonald's ends Canadian trial of meatless burger