Beyond Meat (NASDAQ:BYND) Trading Up 4.5%

Beyond Meat, Inc. (NASDAQ:BYND – Get Rating)’s share price was up 4.5% on Tuesday . The stock traded as high as $14.38 and last traded at $14.31. Approximately 61,564 shares traded hands during trading, a decline of 98% from the average daily volume of 2,611,166 shares. The stock had previously closed at $13.69.

Wall Street Analyst Weigh In

Several analysts have weighed in on BYND shares. Mizuho dropped their price target on Beyond Meat from $27.00 to $11.00 and set a “neutral” rating on the stock in a research note on Thursday, November 10th. Cowen lowered their target price on Beyond Meat to $15.00 in a research note on Thursday, October 13th. Citigroup upped their target price on Beyond Meat from $14.00 to $15.00 and gave the stock a “hold” rating in a research note on Monday, October 17th. BMO Capital Markets lowered their target price on Beyond Meat from $20.00 to $14.00 and set a “market perform” rating on the stock in a research note on Thursday, November 10th. Finally, Credit Suisse Group lowered their target price on Beyond Meat to $10.00 in a research note on Thursday, October 27th. Five analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $20.19.

Beyond Meat Stock Up 4.6 %

The business has a fifty day simple moving average of $14.10 and a 200 day simple moving average of $22.66. The firm has a market cap of $912.76 million, a price-to-earnings ratio of -2.29 and a beta of 1.98. The company has a debt-to-equity ratio of 27.60, a current ratio of 7.68 and a quick ratio of 4.95.

Beyond Meat (NASDAQ:BYND – Get Rating) last announced its earnings results on Wednesday, November 9th. The company reported ($1.60) EPS for the quarter, missing analysts’ consensus estimates of ($1.11) by ($0.49). Beyond Meat had a negative net margin of 86.35% and a negative return on equity of 400.17%. The firm had revenue of $82.50 million for the quarter, compared to analyst estimates of $84.56 million. During the same period in the previous year, the company earned ($0.87) EPS. Beyond Meat’s revenue was down 22.5% compared to the same quarter last year. As a group, equities analysts forecast that Beyond Meat, Inc. will post -5.74 EPS for the current fiscal year.

Insider Buying and Selling at Beyond Meat

In other Beyond Meat news, insider Beth Moskowitz sold 6,981 shares of the stock in a transaction that occurred on Wednesday, November 30th. The stock was sold at an average price of $13.00, for a total transaction of $90,753.00. Following the completion of the transaction, the insider now owns 20,208 shares of the company’s stock, valued at $262,704. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 7.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BYND. Ninety One UK Ltd boosted its position in shares of Beyond Meat by 16.2% during the first quarter. Ninety One UK Ltd now owns 1,375,607 shares of the company’s stock worth $66,456,000 after buying an additional 192,289 shares during the period. Shell Asset Management Co. raised its stake in shares of Beyond Meat by 181.9% in the second quarter. Shell Asset Management Co. now owns 7,728 shares of the company’s stock valued at $185,000 after acquiring an additional 4,987 shares in the last quarter. Chiron Capital Management LLC raised its stake in shares of Beyond Meat by 97.2% in the second quarter. Chiron Capital Management LLC now owns 11,553 shares of the company’s stock valued at $277,000 after acquiring an additional 5,694 shares in the last quarter. Amalgamated Bank raised its stake in shares of Beyond Meat by 8.4% in the first quarter. Amalgamated Bank now owns 12,949 shares of the company’s stock valued at $626,000 after acquiring an additional 1,008 shares in the last quarter. Finally, M&T Bank Corp acquired a new stake in shares of Beyond Meat in the first quarter valued at $349,000. 60.98% of the stock is currently owned by hedge funds and other institutional investors.

Beyond Meat Company Profile

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Beyond Meat, Inc 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 store, convenience store and natural retailer channels, and direct-to-consumer, as well as various food-away-from-home channels, including restaurants, foodservice outlets, and schools.