Investors Buy Large Volume of Beyond Meat Call Options (NASDAQ:BYND)

Beyond Meat, Inc. (NASDAQ:BYND) was the target of some unusual options trading on Friday. Stock traders bought 29,501 call options on the company. This represents an increase of approximately 40% compared to the average daily volume of 21,052 call options.

Insider Activity at Beyond Meat

In other news, insider Ethan Brown sold 313,000 shares of Beyond Meat stock in a transaction dated 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 in the company, 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 SEC, which is available at this hyperlink. 8.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Beyond Meat

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board bought a new position in shares of Beyond Meat in the 2nd quarter valued at about $41,000. Intech Investment Management LLC bought a new stake in shares of Beyond Meat during the 3rd quarter worth approximately $128,000. Headlands Technologies LLC bought a new stake in shares of Beyond Meat during the 2nd quarter worth approximately $177,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Beyond Meat by 17.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 26,469 shares of the company’s stock valued at $178,000 after buying an additional 3,902 shares during the last quarter. Finally, MUFG Securities EMEA plc grew its stake in shares of Beyond Meat by 29.8% in the second 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 in the last quarter. 52.48% of the stock is currently owned by institutional investors and hedge funds.

Beyond Meat Price Performance

BYND traded up $0.22 during trading on Friday, reaching $4.05. The company had a trading volume of 6,281,273 shares, compared to its average volume of 3,064,704. The business’s fifty day moving average price is $5.05 and its 200 day moving average price is $5.94. Beyond Meat has a 12 month low of $3.30 and a 12 month high of $12.12. The company has a market cap of $264.07 million, a P/E ratio of -0.97 and a beta of 2.22.

Beyond Meat (NASDAQ:BYND) last released its earnings results on Wednesday, November 6th. The company reported ($0.41) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.03. The firm had revenue of $81.01 million for 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. As a group, sell-side analysts predict that Beyond Meat will post -2.09 EPS for the current fiscal year.

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.