** Beyond Meat's shares down 4.4% premarket to $6.29 after revising annual rev outlook and announcing planned equity raise ** Co late Weds said now expects annual revenue of $320-$330 mln vs prior forecast of $320-$340 mln due to weak faux meat demand

** For Q3, it beat Wall Street consensus on both top and bottom line ** Early Thurs, co files $200 at-the-market $(ATM.UK)$ equity sales program to be handled by B. Riley

** It plans to use net proceeds from offering for general corp and working capital purposes

** Co has ~65.2 mln shares outstanding for roughly $428 mln market cap

** Utilization of ATM in coming weeks should bolster co's cash position, giving it a few more years of sustainability, but diluting share count by almost 50%, BTIG says in note

** 13 analysts cover BYND with 7 "hold" and 6 "sell" ratings and $6 median PT - LSEG

** Through Weds, shares down 26% YTD

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@thomsonreuters.com lance.tupper@tr.com 1-646-279-6380))