Raymond James Financial Services Advisors Inc. acquired a new position in shares of Beyond Meat, Inc. (NASDAQ:BYND – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 10,425 shares of the company’s stock, valued at approximately $93,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in shares of Beyond Meat by 6.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 483,732 shares of the company’s stock worth $4,654,000 after purchasing an additional 30,998 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Beyond Meat by 5.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 58,921 shares of the company’s stock worth $567,000 after purchasing an additional 3,143 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Beyond Meat by 39.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,452 shares of the company’s stock worth $360,000 after purchasing an additional 10,673 shares during the period. Gotham Asset Management LLC grew its stake in shares of Beyond Meat by 5.6% during the 3rd quarter. Gotham Asset Management LLC now owns 31,165 shares of the company’s stock worth $300,000 after purchasing an additional 1,646 shares during the period. Finally, Mizuho Markets Americas LLC acquired a new stake in shares of Beyond Meat during the 3rd quarter worth approximately $287,000. Institutional investors and hedge funds own 52.48% of the company’s stock.
Beyond Meat Stock Performance
Shares of BYND stock opened at $6.34 on Friday. The stock’s fifty day moving average is $7.68 and its two-hundred day moving average is $7.63. The firm has a market capitalization of $410.05 million, a P/E ratio of -1.21 and a beta of 2.41. Beyond Meat, Inc. has a fifty-two week low of $5.58 and a fifty-two week high of $19.25.
Beyond Meat (NASDAQ:BYND – Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The company reported ($2.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.82) by ($1.58). The business had revenue of $73.68 million during the quarter, compared to the consensus estimate of $66.66 million. The business’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($1.05) EPS. On average, equities analysts forecast that Beyond Meat, Inc. will post -2.46 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on BYND shares. Mizuho dropped their price objective on shares of Beyond Meat from $7.00 to $6.00 and set an “underperform” rating on the stock in a research note on Monday. BMO Capital Markets lifted their price target on shares of Beyond Meat from $7.00 to $10.00 and gave the company a “market perform” rating in a research note on Wednesday, February 28th. TD Cowen dropped their price target on shares of Beyond Meat from $10.00 to $6.00 and set a “sell” rating on the stock in a research note on Wednesday, April 17th. Finally, Argus raised shares of Beyond Meat from a “sell” rating to a “hold” rating in a research note on Thursday, February 29th. Five investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to MarketBeat.com, Beyond Meat presently has a consensus rating of “Reduce” and an average price target of $5.83.
Get Our Latest Research Report on Beyond Meat
Beyond Meat Company 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.
Read More
Want to see what other hedge funds are holding BYND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Beyond Meat, Inc. (NASDAQ:BYND – Free Report).
Receive News & Ratings for Beyond Meat Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Beyond Meat and related companies with MarketBeat.com’s FREE daily email newsletter.
