Beyond Meat, Inc. (NASDAQ:BYND - Get Free Report) Director Chelsea A. Grayson sold 3,330 shares of Beyond Meat stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $3.29, for a total value of $10,955.70. Following the sale, the director now directly owns 47,029 shares in the company, valued at approximately $154,725.41. This trade represents a 6.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Beyond Meat Stock Up 0.3 %
Shares of Beyond Meat stock traded up $0.01 on Tuesday, hitting $3.53. 1,538,831 shares of the company traded hands, compared to its average volume of 2,956,963. Beyond Meat, Inc. has a 12-month low of $2.86 and a 12-month high of $10.31. The company has a 50-day moving average price of $3.75 and a 200 day moving average price of $4.87. The company has a market cap of $268.74 million, a PE ratio of -0.84 and a beta of 2.36.
Beyond Meat (NASDAQ:BYND - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.44) by ($0.21). The company had revenue of $76.66 million for the quarter, compared to analyst estimates of $76.08 million. Equities research analysts anticipate that Beyond Meat, Inc. will post -2.1 EPS for the current year.
Wall Street Analyst Weigh In
Several brokerages recently commented on BYND. 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. Four investment analysts have rated the stock with a sell rating and two have given a hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Reduce" and a consensus target price of $4.92.
Check Out Our Latest Report on BYND
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in Beyond Meat by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 1,432,180 shares of the company's stock worth $5,387,000 after acquiring an additional 18,438 shares during the last quarter. Vontobel Holding Ltd. raised its position in shares of Beyond Meat by 128.7% during the fourth quarter. Vontobel Holding Ltd. now owns 1,302,941 shares of the company's stock valued at $4,899,000 after buying an additional 733,168 shares during the last quarter. Millennium Management LLC increased its stake in Beyond Meat by 73.8% in the fourth quarter. Millennium Management LLC now owns 619,957 shares of the company's stock valued at $2,331,000 after acquiring an additional 263,337 shares during the period. Northern Trust Corp increased its stake in Beyond Meat by 9.6% in the fourth quarter. Northern Trust Corp now owns 595,612 shares of the company's stock valued at $2,240,000 after acquiring an additional 52,150 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Beyond Meat by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 527,056 shares of the company's stock valued at $1,982,000 after acquiring an additional 4,162 shares during the period. Institutional investors and hedge funds own 52.48% of the company's stock.
About Beyond Meat
(
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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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