Susquehanna Fundamental Investments LLC Invests $796,000 in Beyond Meat, Inc. (NASDAQ:BYND)

Susquehanna Fundamental Investments LLC acquired a new stake in shares of Beyond Meat, Inc. (NASDAQ:BYND) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 211,690 shares of the company’s stock, valued at approximately $796,000. Susquehanna Fundamental Investments LLC owned 0.32% of Beyond Meat as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of BYND. Vontobel Holding Ltd. lifted its holdings in shares of Beyond Meat by 128.7% during the 4th quarter. Vontobel Holding Ltd. now owns 1,302,941 shares of the company’s stock worth $4,899,000 after acquiring an additional 733,168 shares during the period. Zweig DiMenna Associates LLC acquired a new position in Beyond Meat during the fourth quarter worth approximately $1,746,000. SBI Securities Co. Ltd. purchased a new position in Beyond Meat during the fourth quarter worth approximately $382,000. ExodusPoint Capital Management LP acquired a new position in shares of Beyond Meat in the 4th quarter valued at $233,000. Finally, XTX Topco Ltd purchased a new stake in shares of Beyond Meat during the 4th quarter valued at $225,000. Institutional investors and hedge funds own 52.48% of the company’s stock.

Beyond Meat Price Performance

Shares of NASDAQ BYND opened at $2.52 on Friday. Beyond Meat, Inc. has a 1-year low of $2.41 and a 1-year high of $10.31. The company has a market capitalization of $192.48 million, a price-to-earnings ratio of -0.60 and a beta of 2.38. The business has a 50-day moving average of $2.99 and a 200-day moving average of $4.02.

Beyond Meat (NASDAQ:BYND) last released its quarterly earnings results on Wednesday, February 26th. The company reported ($0.65) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.21). The business had revenue of $76.66 million during the quarter, compared to analysts’ expectations of $76.08 million. Research analysts expect that Beyond Meat, Inc. will post -2.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BYND. Barclays reduced their target price on 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 cut their price target on shares of Beyond Meat from $6.00 to $5.00 and set a “market perform” rating on the stock in a report on Thursday, February 27th. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $4.70.

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.