Beyond Meat, Inc. (NASDAQ:BYND - Get Free Report) saw some unusual options trading activity on Thursday. Investors purchased 35,321 put options on the company. This is an increase of approximately 75% compared to the typical volume of 20,127 put options.
Beyond Meat Price Performance
BYND traded up $0.21 during trading on Friday, hitting $3.36. 2,392,234 shares of the stock traded hands, compared to its average volume of 3,606,332. The business has a 50 day moving average price of $3.81 and a 200 day moving average price of $5.00. The company has a market cap of $219.08 million, a price-to-earnings ratio of -0.80 and a beta of 2.36. Beyond Meat has a twelve month low of $2.86 and a twelve month high of $10.31.
Beyond Meat (NASDAQ:BYND - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported ($0.65) EPS for the quarter, missing analysts' consensus estimates of ($0.44) by ($0.21). The firm had revenue of $76.66 million during the quarter, compared to the consensus estimate of $76.08 million. On average, equities research analysts predict that Beyond Meat will post -2.1 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities analysts have commented on BYND shares. BMO Capital Markets lowered their price objective on Beyond Meat from $6.00 to $5.00 and set a "market perform" rating on the stock in a research note on Thursday, February 27th. Barclays decreased their price target on Beyond Meat from $4.00 to $3.00 and set an "underweight" 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 assigned a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus price target of $4.92.
Get Our Latest Stock Report on Beyond Meat
Insider Activity
In other news, insider Ethan Brown sold 313,000 shares of Beyond Meat stock in a transaction that occurred on 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 in the company, valued at approximately $6,387,330. The trade was a 15.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 8.60% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Perigon Wealth Management LLC grew its holdings in shares of Beyond Meat by 25.9% during the 4th 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 during the last quarter. Charles Schwab Investment Management Inc. boosted its position 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 buying an additional 4,162 shares in the last quarter. Van ECK Associates Corp increased its holdings 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 worth $39,000 after buying an additional 4,280 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of 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 buying an additional 5,419 shares in the last quarter. Finally, ProShare Advisors LLC lifted its stake in shares of Beyond Meat by 49.1% in the 4th quarter. ProShare Advisors LLC now owns 16,825 shares of the company's stock valued at $63,000 after acquiring an additional 5,537 shares during the last quarter. Institutional investors and hedge funds own 52.48% of the company's stock.
About Beyond Meat
(
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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