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

Zweig DiMenna Associates LLC purchased a new stake in Beyond Meat, Inc. (NASDAQ:BYND) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 464,372 shares of the company’s stock, valued at approximately $1,746,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ballentine Partners LLC bought a new stake in Beyond Meat during the fourth quarter valued at $39,000. Canada Pension Plan Investment Board bought a new stake in shares of Beyond Meat during the 2nd quarter valued at about $41,000. Intech Investment Management LLC acquired a new stake in Beyond Meat during the third quarter worth about $128,000. The Manufacturers Life Insurance Company lifted its holdings in Beyond Meat by 17.3% in the second quarter. The Manufacturers Life Insurance Company now owns 26,469 shares of the company’s stock worth $178,000 after acquiring an additional 3,902 shares during the last quarter. Finally, Ensign Peak Advisors Inc boosted its position in Beyond Meat by 7.8% during the 2nd quarter. Ensign Peak Advisors Inc now owns 36,493 shares of the company’s stock valued at $245,000 after purchasing an additional 2,650 shares during the period. 52.48% of the stock is owned by institutional investors and hedge funds.

Beyond Meat Stock Performance

Shares of BYND opened at $4.03 on Friday. Beyond Meat, Inc. has a 1 year low of $3.30 and a 1 year high of $12.12. The firm has a fifty day moving average of $4.21 and a 200-day moving average of $5.55. The company has a market cap of $262.63 million, a price-to-earnings ratio of -0.96 and a beta of 2.26.

Beyond Meat (NASDAQ:BYND) last posted its earnings results on Wednesday, November 6th. The company reported ($0.41) EPS for the quarter, topping the consensus estimate of ($0.44) by $0.03. The firm had revenue of $81.01 million during the quarter, compared to the consensus estimate of $80.13 million. Beyond Meat’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the company posted ($1.09) EPS. Analysts predict that Beyond Meat, Inc. will post -2.09 EPS for the current year.

Insider Activity at Beyond Meat

In other news, insider Ethan Brown sold 313,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $3.75, for a total value of $1,173,750.00. Following the completion of the sale, the insider now directly owns 1,703,288 shares of the company’s stock, valued at approximately $6,387,330. This represents a 15.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 8.60% of the stock is owned by insiders.

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.