Beyond Meat Sees Unusually High Options Volume (NASDAQ:BYND)

Beyond Meat, Inc. (NASDAQ:BYND - Get Free Report) was the target of unusually large options trading on Friday. Stock traders bought 39,766 put options on the stock. This is an increase of 139% compared to the typical daily volume of 16,666 put options.

Beyond Meat Stock Down 3.1 %

BYND traded down $0.08 during trading on Monday, reaching $2.46. The company had a trading volume of 2,366,017 shares, compared to its average volume of 3,032,440. Beyond Meat has a 52 week low of $2.42 and a 52 week high of $10.31. The stock has a market cap of $187.90 million, a P/E ratio of -0.59 and a beta of 2.38. The business has a 50 day simple moving average of $3.14 and a 200-day simple moving average of $4.13.

Beyond Meat (NASDAQ:BYND - Get Free Report) last released 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 during the quarter, compared to analyst estimates of $76.08 million. As a group, equities research analysts expect that Beyond Meat will post -2.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Barclays dropped their target price on Beyond Meat from $4.00 to $3.00 and set an "underweight" rating on the stock in a report on Thursday, February 27th. BMO Capital Markets dropped their target price on Beyond Meat from $6.00 to $5.00 and set a "market perform" rating on the stock in a report on Thursday, February 27th. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, Beyond Meat currently has a consensus rating of "Reduce" and a consensus target price of $4.70.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Perigon Wealth Management LLC boosted its stake in shares of Beyond Meat by 25.9% during the fourth quarter. Perigon Wealth Management LLC now owns 14,530 shares of the company's stock valued at $55,000 after purchasing an additional 2,986 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Beyond Meat by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 527,056 shares of the company's stock valued at $1,982,000 after purchasing an additional 4,162 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Beyond Meat by 68.8% during the fourth quarter. Van ECK Associates Corp now owns 10,498 shares of the company's stock valued at $39,000 after purchasing an additional 4,280 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of Beyond Meat by 49.1% during the fourth quarter. ProShare Advisors LLC now owns 16,825 shares of the company's stock valued at $63,000 after purchasing an additional 5,537 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Beyond Meat by 305.1% during the fourth quarter. Russell Investments Group Ltd. now owns 7,887 shares of the company's stock valued at $30,000 after purchasing an additional 5,940 shares in the last quarter. Hedge funds and other institutional investors own 52.48% of the company's stock.

About Beyond Meat

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.