Insider Selling: Beyond Meat, Inc. (NASDAQ:BYND) Insider Sells 313,000 Shares of Stock

Beyond Meat, Inc. (NASDAQ:BYND - Get Free Report) insider Ethan Brown sold 313,000 shares of the business's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $3.75, for a total value of $1,173,750.00. Following the completion of the sale, the insider now directly owns 1,703,288 shares of the company's stock, valued at approximately $6,387,330. This trade represents a 15.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Beyond Meat Stock Down 3.4 %

Shares of BYND traded down $0.13 during trading hours on Monday, reaching $3.71. 3,467,410 shares of the company traded hands, compared to its average volume of 3,020,721. Beyond Meat, Inc. has a 12 month low of $3.65 and a 12 month high of $12.12. The company's fifty day moving average price is $5.56 and its two-hundred day moving average price is $6.17. The company has a market capitalization of $241.90 million, a price-to-earnings ratio of -0.89 and a beta of 2.22.

Beyond Meat (NASDAQ:BYND - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.41) earnings per share for the quarter, topping the consensus estimate of ($0.44) by $0.03. The firm had revenue of $81.01 million during the quarter, compared to analysts' expectations of $80.13 million. During the same period in the previous year, the company earned ($1.09) earnings per share. Beyond Meat's revenue for the quarter was up 7.6% on a year-over-year basis. On average, analysts expect that Beyond Meat, Inc. will post -2.09 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Mizuho dropped their price objective on Beyond Meat from $6.00 to $5.00 and set an "underperform" rating for the company in a research note on Monday, August 26th. Three analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $5.50.

Institutional Trading of Beyond Meat

Several hedge funds and other institutional investors have recently made changes to their positions in BYND. Vontobel Holding Ltd. boosted its position in shares of Beyond Meat by 91.5% during the third quarter. Vontobel Holding Ltd. now owns 569,773 shares of the company's stock valued at $3,863,000 after buying an additional 272,240 shares during the last quarter. Raymond James & Associates purchased a new stake in shares of Beyond Meat in the 2nd quarter worth $1,463,000. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its holdings in Beyond Meat by 42.7% in the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 625,396 shares of the company's stock worth $4,240,000 after purchasing an additional 186,996 shares during the period. Susquehanna Fundamental Investments LLC lifted its position in Beyond Meat by 93.3% during the second quarter. Susquehanna Fundamental Investments LLC now owns 210,612 shares of the company's stock valued at $1,413,000 after purchasing an additional 101,652 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in Beyond Meat by 9,676.7% during the second quarter. Nisa Investment Advisors LLC now owns 61,789 shares of the company's stock valued at $415,000 after purchasing an additional 61,157 shares during the period. 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.

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