Beyond Meat (BYND) - Get Beyond Meat, Inc. Report shares traded sharply lower Tuesday after the vegetarian food producer said it may issue new shares to fund its expansion plans after boosting its full-year profit guidance amid surging demand for its plant-based burgers and sausages.

Beyond Meat posted a second quarter loss of 24 cents per share yesterday, its first as a publich company, around three times more than analysts' forecast, but said revenues nearly tripled from the same period last year to $67.3 million. The numbers were encouraging enough for Beyond Meat to boost its full-year guidance, which now calls for a modest earnings gain, and said full-year sales are likely to rise past $240 million.

However, shares were pressured by news that the company plans to issue 3.25 million in new common stock, just months after its $240 million IPO, in order to increase its production and supply capabilities. 

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"We are seeing consumers envelop our brand in a broader movement that they are leading. We believe this movement is imbued with enthusiasm for a future where meat isn't separated from animals, and one where the consumer can enjoy meat absent emerging concerns they may have regarding its health, environmental or animal welfare impact," CEO Ethan Brown told investors on a conference call late Monday. 

"We enter the latter half of 2019 intensely focused on our innovation path: growing distribution domestically and internationally and investing in infrastructure and personnel throughout operations to continue along with the consumer on this exciting journey that we believe is the future of protein," he added.

Beyond Meat shares were marked 9.7% lower in early Tuesday to change hands at a price of $200.54 each, a move that would still leave the stock with a staggering 700% gain since floating on the Nasdaq on May 2 at $25 per share.