Insider Selling: Beyond Meat, Inc. (NASDAQ:BYND) Insider Sells $1,173,750.00 in Stock

Beyond Meat, Inc. (NASDAQ:BYND) insider Ethan Brown sold 313,000 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 1,703,288 shares in the company, valued at $6,387,330. This represents a 15.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Beyond Meat Price Performance

Shares of BYND stock opened at $3.65 on Thursday. The business has a fifty day moving average of $5.40 and a 200 day moving average of $6.10. Beyond Meat, Inc. has a 1 year low of $3.55 and a 1 year high of $12.12. The firm has a market capitalization of $237.99 million, a price-to-earnings ratio of -0.87 and a beta of 2.22.

Beyond Meat (NASDAQ:BYND) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.41) earnings per share (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 analysts’ expectations of $80.13 million. During the same quarter in the previous year, the business earned ($1.09) earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, equities research analysts expect that Beyond Meat, Inc. will post -2.09 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Mizuho cut their price objective on shares of Beyond Meat from $6.00 to $5.00 and set an “underperform” rating on the stock in a report on Monday, August 26th. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.50.

Hedge Funds Weigh In On Beyond Meat

Institutional investors have recently bought and sold shares of the business. Raymond James & Associates acquired a new stake in shares of Beyond Meat in the second quarter worth $1,463,000. Nisa Investment Advisors LLC grew its position in Beyond Meat by 9,676.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 61,789 shares of the company’s stock worth $415,000 after purchasing an additional 61,157 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Beyond Meat by 5.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 235,016 shares of the company’s stock valued at $1,577,000 after buying an additional 11,800 shares during the last quarter. MUFG Securities EMEA plc lifted its holdings in shares of Beyond Meat by 29.8% in the 2nd quarter. MUFG Securities EMEA plc now owns 27,413 shares of the company’s stock valued at $184,000 after buying an additional 6,300 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in shares of Beyond Meat by 18,919.7% in the second quarter. Farther Finance Advisors LLC now owns 50,212 shares of the company’s stock worth $339,000 after buying an additional 49,948 shares during the last quarter. 52.48% of the stock is owned by hedge funds and other institutional investors.

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.