Christopher Isaac Stone Sells 20,000 Shares of Beyond Meat (NASDAQ:BYND) Stock

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Beyond Meat (NASDAQ:BYND) Director Christopher Isaac Stone sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $82.01, for a total value of $1,640,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Christopher Isaac Stone also recently made the following trade(s):

  • On Friday, November 29th, Christopher Isaac Stone sold 30,000 shares of Beyond Meat stock. The shares were sold at an average price of $83.83, for a total value of $2,514,900.00.
  • On Wednesday, November 20th, Christopher Isaac Stone sold 20,000 shares of Beyond Meat stock. The shares were sold at an average price of $78.04, for a total value of $1,560,800.00.
  • On Thursday, November 14th, Christopher Isaac Stone sold 10,000 shares of Beyond Meat stock. The shares were sold at an average price of $82.00, for a total value of $820,000.00.
  • On Thursday, November 7th, Christopher Isaac Stone sold 20,000 shares of Beyond Meat stock. The shares were sold at an average price of $78.51, for a total value of $1,570,200.00.
  • On Wednesday, October 30th, Christopher Isaac Stone sold 20,000 shares of Beyond Meat stock. The shares were sold at an average price of $82.00, for a total value of $1,640,000.00.

Beyond Meat stock traded down $3.69 during mid-day trading on Monday, hitting $79.27. The company had a trading volume of 5,983,391 shares, compared to its average volume of 6,198,197. The company has a current ratio of 7.46, a quick ratio of 6.38 and a debt-to-equity ratio of 0.06. Beyond Meat has a 12-month low of $45.00 and a 12-month high of $239.71. The company’s fifty day moving average is $90.35 and its 200-day moving average is $134.76.

Beyond Meat (NASDAQ:BYND) last released its quarterly earnings data on Monday, October 28th. The company reported $0.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.01. Beyond Meat had a negative return on equity of 5.92% and a negative net margin of 8.42%. The business had revenue of $91.96 million for the quarter, compared to analyst estimates of $83.35 million. The business’s quarterly revenue was up 250.0% on a year-over-year basis. Analysts anticipate that Beyond Meat will post -0.2 earnings per share for the current year.

Several large investors have recently made changes to their positions in BYND. Vanguard Group Inc. purchased a new position in shares of Beyond Meat during the 2nd quarter valued at approximately $169,339,000. Blackstone Group Inc purchased a new position in shares of Beyond Meat during the 2nd quarter valued at approximately $161,317,000. BlackRock Inc. purchased a new position in shares of Beyond Meat during the 2nd quarter valued at approximately $68,864,000. Jefferies Group LLC purchased a new position in shares of Beyond Meat during the 2nd quarter valued at approximately $24,102,000. Finally, OZ Management LP purchased a new position in shares of Beyond Meat during the 2nd quarter valued at approximately $11,858,000. Hedge funds and other institutional investors own 10.19% of the company’s stock.

A number of equities research analysts recently commented on BYND shares. BNP Paribas dropped their target price on Beyond Meat from $70.00 to $50.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 20th. Jefferies Financial Group upped their price objective on Beyond Meat from $115.00 to $190.00 and gave the stock a “hold” rating in a research report on Tuesday, October 29th. They noted that the move was a valuation call. Wells Fargo & Co lowered their price objective on Beyond Meat from $125.00 to $100.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 29th. They noted that the move was a valuation call. Exane BNP Paribas started coverage on Beyond Meat in a research report on Monday, September 23rd. They issued an “underperform” rating on the stock. Finally, Barclays restated a “buy” rating and issued a $185.00 price objective on shares of Beyond Meat in a research report on Tuesday, October 29th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. Beyond Meat has an average rating of “Hold” and an average target price of $113.22.

Beyond Meat Company Profile

Beyond Meat, Inc, a food company, manufactures, markets, and sells plant-based meat products in the United States and internationally. The company sells its products under the Beyond Beef, Beyond Chicken, The Beyond Burger, Beyond Meat, Beyond Sausage, Eat What You Love, and The Cookout Classic brand names.

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Insider Buying and Selling by Quarter for Beyond Meat (NASDAQ:BYND)

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