Investors Purchase High Volume of Beyond Meat Call Options (NASDAQ:BYND)

Beyond Meat, Inc. (NASDAQ:BYND - Get Free Report) was the recipient of unusually large options trading activity on Friday. Traders bought 29,501 call options on the stock. This is an increase of 40% compared to the typical volume of 21,052 call options.

Insider Transactions at Beyond Meat

In other news, insider Ethan Brown sold 313,000 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $3.75, for a total value of $1,173,750.00. Following the completion of the transaction, the insider now owns 1,703,288 shares in the company, valued at $6,387,330. This trade represents a 15.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 8.60% of the company's stock.

Institutional Trading of Beyond Meat

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vontobel Holding Ltd. boosted its holdings in Beyond Meat by 91.5% in the third quarter. Vontobel Holding Ltd. now owns 569,773 shares of the company's stock worth $3,863,000 after acquiring an additional 272,240 shares in the last quarter. Raymond James & Associates purchased a new stake in Beyond Meat during the 2nd quarter valued at about $1,463,000. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in Beyond Meat by 42.7% during the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 625,396 shares of the company's stock valued at $4,240,000 after purchasing an additional 186,996 shares during the last quarter. Susquehanna Fundamental Investments LLC increased its stake in Beyond Meat by 93.3% during the 2nd 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, Farther Finance Advisors LLC raised its holdings in Beyond Meat by 18,919.7% in the second quarter. Farther Finance Advisors LLC now owns 50,212 shares of the company's stock worth $339,000 after buying an additional 49,948 shares during the last quarter. Hedge funds and other institutional investors own 52.48% of the company's stock.

Beyond Meat Trading Up 6.5 %

Beyond Meat stock traded up $0.25 on Friday, hitting $4.08. 7,465,110 shares of the stock traded hands, compared to its average volume of 3,069,648. Beyond Meat has a 1 year low of $3.30 and a 1 year high of $12.12. The firm has a market cap of $266.03 million, a P/E ratio of -0.98 and a beta of 2.22. The business's fifty day simple moving average is $5.00 and its 200 day simple moving average is $5.91.

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

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.