Zweig DiMenna Associates LLC Makes New $1.75 Million Investment in Beyond Meat, Inc. (NASDAQ:BYND)

Zweig DiMenna Associates LLC bought a new position in shares of Beyond Meat, Inc. (NASDAQ:BYND - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 464,372 shares of the company's stock, valued at approximately $1,746,000. Zweig DiMenna Associates LLC owned about 0.71% of Beyond Meat as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in BYND. Ballentine Partners LLC purchased a new stake in Beyond Meat in the fourth quarter valued at approximately $39,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Beyond Meat by 16.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,901 shares of the company's stock valued at $257,000 after buying an additional 5,419 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Beyond Meat by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 522,894 shares of the company's stock valued at $3,545,000 after buying an additional 7,332 shares during the last quarter. Intech Investment Management LLC purchased a new stake in Beyond Meat in the third quarter valued at approximately $128,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its stake in Beyond Meat by 42.7% in the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 625,396 shares of the company's stock valued at $4,240,000 after buying an additional 186,996 shares during the last quarter. Hedge funds and other institutional investors own 52.48% of the company's stock.

Insider Activity

In related news, insider Ethan Brown sold 313,000 shares of the company's stock in a transaction on 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 transaction, the insider now owns 1,703,288 shares of the company's stock, valued at $6,387,330. This represents a 15.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 8.60% of the company's stock.

Beyond Meat Stock Performance

NASDAQ BYND traded up $0.01 on Friday, reaching $4.07. The stock had a trading volume of 2,187,235 shares, compared to its average volume of 3,556,760. Beyond Meat, Inc. has a 12-month low of $3.30 and a 12-month high of $12.12. The business's 50-day moving average price is $4.19 and its 200 day moving average price is $5.54. The stock has a market cap of $265.36 million, a P/E ratio of -0.97 and a beta of 2.26.

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

Beyond Meat Company Profile

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.