Beyond Meat, Inc. (NASDAQ:BYND - Get Free Report) Director Chelsea A. Grayson sold 3,330 shares of the business's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $3.29, for a total value of $10,955.70. Following the transaction, the director now directly owns 47,029 shares of the company's stock, valued at $154,725.41. The trade was a 6.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Beyond Meat Stock Up 3.0 %
NASDAQ BYND opened at $3.39 on Friday. The business's 50-day moving average price is $3.75 and its 200 day moving average price is $4.90. The firm has a market cap of $258.08 million, a P/E ratio of -0.81 and a beta of 2.36. Beyond Meat, Inc. has a 52-week low of $2.86 and a 52-week high of $10.31.
Beyond Meat (NASDAQ:BYND - Get Free Report) last issued its earnings results on Wednesday, February 26th. The company reported ($0.65) earnings per share for the quarter, missing the consensus estimate of ($0.44) by ($0.21). The firm had revenue of $76.66 million for the quarter, compared to analyst estimates of $76.08 million. As a group, analysts anticipate that Beyond Meat, Inc. will post -2.1 earnings per share for the current year.
Institutional Trading of Beyond Meat
A number of institutional investors have recently modified their holdings of BYND. Intech Investment Management LLC acquired a new stake in Beyond Meat in the third quarter valued at $128,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Beyond Meat by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 522,894 shares of the company's stock worth $3,545,000 after acquiring an additional 7,332 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Beyond Meat by 16.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,901 shares of the company's stock worth $257,000 after purchasing an additional 5,419 shares during the last quarter. Ballentine Partners LLC purchased a new stake in Beyond Meat during the fourth quarter worth $39,000. Finally, Zweig DiMenna Associates LLC acquired a new stake in Beyond Meat in the fourth quarter valued at $1,746,000. 52.48% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on the stock. Barclays decreased their price objective on shares of Beyond Meat from $4.00 to $3.00 and set an "underweight" rating for the company in a research report on Thursday, February 27th. BMO Capital Markets dropped their target price on shares of Beyond Meat from $6.00 to $5.00 and set a "market perform" rating on the stock in a research report on Thursday, February 27th. Four investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company's stock. Based on data from MarketBeat.com, Beyond Meat has a consensus rating of "Reduce" and a consensus target price of $4.92.
Check Out Our Latest Research Report on BYND
Beyond Meat Company Profile
(
Get Free Report)
Beyond Meat, Inc, a plant-based meat company, develops, manufactures, markets, and sells plant-based meat products in the United States and internationally. The company sells a range of plant-based meat products across the platforms of beef, pork, and poultry. It sells its products through grocery, mass merchandiser, club stores, and natural retailer channels, as well as various food-away-from-home channels, including restaurants, foodservice outlets, and schools.
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