Chelsea A. Grayson Sells 3,330 Shares of Beyond Meat, Inc. (NASDAQ:BYND) Stock

Beyond Meat, Inc. (NASDAQ:BYND) Director Chelsea A. Grayson sold 3,330 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $3.29, for a total transaction of $10,955.70. Following the completion of the transaction, the director now directly owns 47,029 shares in the company, valued at approximately $154,725.41. The trade was a 6.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Beyond Meat Trading Up 3.0 %

Shares of BYND opened at $3.39 on Friday. The stock has a 50 day moving average of $3.75 and a 200 day moving average of $4.89. The company has a market capitalization of $258.08 million, a price-to-earnings ratio of -0.81 and a beta of 2.36. Beyond Meat, Inc. has a 12 month low of $2.86 and a 12 month high of $10.31.

Beyond Meat (NASDAQ:BYND) last announced its earnings results on Wednesday, February 26th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.44) by ($0.21). The firm had revenue of $76.66 million during the quarter, compared to analysts’ expectations of $76.08 million. As a group, equities research analysts predict that Beyond Meat, Inc. will post -2.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

BYND has been the topic of several analyst reports. Barclays cut their target price on Beyond Meat from $4.00 to $3.00 and set an “underweight” rating on the stock in a research report on Thursday, February 27th. BMO Capital Markets cut their price objective on shares of Beyond Meat from $6.00 to $5.00 and set a “market perform” rating on the stock in a report on Thursday, February 27th. Four equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $4.92.

Institutional Trading of Beyond Meat

Hedge funds have recently added to or reduced their stakes in the stock. ProShare Advisors LLC increased its stake in shares of Beyond Meat by 49.1% during the 4th quarter. ProShare Advisors LLC now owns 16,825 shares of the company’s stock worth $63,000 after purchasing an additional 5,537 shares during the last quarter. Millennium Management LLC grew its holdings in Beyond Meat by 73.8% during the fourth quarter. Millennium Management LLC now owns 619,957 shares of the company’s stock valued at $2,331,000 after purchasing an additional 263,337 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Beyond Meat by 17.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,685 shares of the company’s stock worth $213,000 after buying an additional 8,561 shares during the last quarter. Deutsche Bank AG raised its stake in shares of Beyond Meat by 58.8% in the fourth quarter. Deutsche Bank AG now owns 53,227 shares of the company’s stock valued at $200,000 after buying an additional 19,708 shares during the period. Finally, CoreCommodity Management LLC lifted its position in shares of Beyond Meat by 129.5% during the 4th quarter. CoreCommodity Management LLC now owns 171,226 shares of the company’s stock valued at $644,000 after buying an additional 96,602 shares during the last quarter. Institutional investors own 52.48% of the company’s stock.

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.