SBI Securities Co. Ltd. bought a new position in Beyond Meat, Inc. (NASDAQ:BYND - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 101,664 shares of the company's stock, valued at approximately $382,000. SBI Securities Co. Ltd. owned about 0.16% of Beyond Meat as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also made changes to their positions in the company. Ballentine Partners LLC acquired a new position in Beyond Meat in the fourth quarter valued at about $39,000. Van ECK Associates Corp boosted its holdings in shares of Beyond Meat by 68.8% in the 4th quarter. Van ECK Associates Corp now owns 10,498 shares of the company's stock worth $39,000 after acquiring an additional 4,280 shares in the last quarter. Perigon Wealth Management LLC grew its position in Beyond Meat by 25.9% during the 4th quarter. Perigon Wealth Management LLC now owns 14,530 shares of the company's stock worth $55,000 after acquiring an additional 2,986 shares during the last quarter. Versor Investments LP acquired a new stake in Beyond Meat during the 4th quarter valued at $85,000. Finally, Intech Investment Management LLC bought a new stake in shares of Beyond Meat during the third quarter worth $128,000. Institutional investors own 52.48% of the company's stock.
Insiders Place Their Bets
In other news, insider Ethan Brown sold 313,000 shares of the firm's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $3.75, for a total transaction of $1,173,750.00. Following the sale, the insider now owns 1,703,288 shares of the company's stock, valued at $6,387,330. This trade represents a 15.52 % decrease in their ownership of the stock. 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.
Beyond Meat Trading Up 6.7 %
Shares of NASDAQ:BYND traded up $0.21 during mid-day trading on Friday, reaching $3.36. The stock had a trading volume of 2,392,234 shares, compared to its average volume of 3,606,332. The firm has a 50 day simple moving average of $3.81 and a two-hundred day simple moving average of $5.01. Beyond Meat, Inc. has a twelve month low of $2.86 and a twelve month high of $10.31. The firm has a market cap of $219.08 million, a PE ratio of -0.80 and a beta of 2.36.
Beyond Meat (NASDAQ:BYND - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported ($0.65) earnings per share for the quarter, missing the consensus estimate of ($0.44) by ($0.21). The business had revenue of $76.66 million for the quarter, compared to the consensus estimate of $76.08 million. On average, equities analysts anticipate that Beyond Meat, Inc. will post -2.1 EPS for the current fiscal year.
Analyst Ratings Changes
A number of brokerages have commented on BYND. Barclays decreased their price objective on shares of 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 reduced their target price on shares of Beyond Meat from $6.00 to $5.00 and set a "market perform" rating on the stock in a research report on Thursday, February 27th. Four equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to data from MarketBeat, Beyond Meat has an average rating of "Reduce" and a consensus target price of $4.92.
Read Our Latest Stock Analysis on BYND
Beyond Meat Profile
(
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.
Featured Articles
Before you consider Beyond Meat, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Beyond Meat wasn't on the list.
While Beyond Meat currently has a Strong Sell rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
