IQ EQ FUND MANAGEMENT IRELAND Ltd Buys 186,996 Shares of Beyond Meat, Inc. (NASDAQ:BYND)

IQ EQ FUND MANAGEMENT IRELAND Ltd raised its holdings in shares of Beyond Meat, Inc. (NASDAQ:BYND - Free Report) by 42.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 625,396 shares of the company's stock after buying an additional 186,996 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd owned about 0.96% of Beyond Meat worth $4,240,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise boosted its stake in shares of Beyond Meat by 117.4% during the 1st quarter. Banque Cantonale Vaudoise now owns 3,220 shares of the company's stock worth $26,000 after acquiring an additional 1,739 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Beyond Meat in the 2nd quarter valued at $41,000. ProShare Advisors LLC purchased a new position in Beyond Meat in the 1st quarter worth about $88,000. EntryPoint Capital LLC raised its holdings in Beyond Meat by 77.1% during the 1st quarter. EntryPoint Capital LLC now owns 17,685 shares of the company's stock worth $146,000 after buying an additional 7,699 shares during the period. Finally, Farallon Capital Management LLC purchased a new stake in Beyond Meat during the first quarter valued at about $157,000. 52.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BYND has been the topic of several analyst reports. Mizuho dropped their target price on shares of Beyond Meat from $6.00 to $5.00 and set an "underperform" rating on the stock in a research report on Monday, August 26th. BMO Capital Markets lowered their price objective on shares of Beyond Meat from $9.00 to $6.00 and set a "market perform" rating on the stock in a research report on Thursday, August 8th. Five investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat, Beyond Meat has a consensus rating of "Reduce" and an average price target of $5.36.

Beyond Meat Price Performance

BYND traded down $0.25 on Thursday, reaching $6.36. 1,192,792 shares of the company traded hands, compared to its average volume of 2,951,022. Beyond Meat, Inc. has a 52-week low of $5.13 and a 52-week high of $12.12. The company has a market cap of $412.67 million, a price-to-earnings ratio of -1.24 and a beta of 2.26. The stock's 50 day moving average price is $6.34 and its 200-day moving average price is $6.69.

Beyond Meat (NASDAQ:BYND - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported ($0.53) EPS for the quarter, missing analysts' consensus estimates of ($0.51) by ($0.02). The business had revenue of $93.19 million during the quarter, compared to analysts' expectations of $87.81 million. During the same quarter in the prior year, the business earned ($0.83) EPS. Beyond Meat's quarterly revenue was down 8.8% on a year-over-year basis. As a group, equities research analysts forecast that Beyond Meat, Inc. will post -2.12 earnings per share for the current fiscal 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.