22,692 Shares in Beyond Meat, Inc. (NASDAQ:BYND) Bought by Versor Investments LP

Versor Investments LP purchased a new position in shares of Beyond Meat, Inc. (NASDAQ:BYND) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 22,692 shares of the company’s stock, valued at approximately $85,000.

Other institutional investors have also bought and sold shares of the company. Vontobel Holding Ltd. boosted its stake in Beyond Meat by 128.7% in the fourth quarter. Vontobel Holding Ltd. now owns 1,302,941 shares of the company’s stock worth $4,899,000 after purchasing an additional 733,168 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Beyond Meat by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 522,894 shares of the company’s stock worth $3,545,000 after acquiring an additional 7,332 shares during the period. Zweig DiMenna Associates LLC bought a new stake in Beyond Meat in the fourth quarter valued at about $1,746,000. Ballentine Partners LLC acquired a new stake in shares of Beyond Meat in the 4th quarter valued at approximately $39,000. Finally, Van ECK Associates Corp raised its holdings in Beyond Meat by 68.8% in the fourth quarter. Van ECK Associates Corp now owns 10,498 shares of the company’s stock worth $39,000 after purchasing an additional 4,280 shares during the period. Institutional investors and hedge funds own 52.48% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. BMO Capital Markets cut their price objective on Beyond Meat from $6.00 to $5.00 and set a “market perform” rating on the stock in a report on Thursday, February 27th. Barclays cut their price objective on shares of Beyond Meat from $4.00 to $3.00 and set an “underweight” rating on the stock in a research report on Thursday, February 27th. Four research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $4.92.

Insider Activity at Beyond Meat

In other Beyond Meat news, insider Ethan Brown sold 313,000 shares of the business’s stock in a transaction that occurred 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. The trade was a 15.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 8.60% of the company’s stock.

Beyond Meat Stock Up 4.9 %

Shares of BYND stock opened at $3.23 on Wednesday. The firm has a market cap of $210.61 million, a PE ratio of -0.77 and a beta of 2.31. Beyond Meat, Inc. has a 12 month low of $2.86 and a 12 month high of $10.31. The company’s fifty day simple moving average is $3.84 and its 200-day simple moving average is $5.06.

Beyond Meat (NASDAQ:BYND) last posted its quarterly earnings data on Wednesday, February 26th. The company reported ($0.65) EPS for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.21). The firm had revenue of $76.66 million for the quarter, compared to the consensus estimate of $76.08 million. On average, equities analysts predict that Beyond Meat, Inc. will post -2.1 earnings per share for the current fiscal year.

Beyond Meat 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.