Insider Selling: Beyond Meat, Inc. (NASDAQ:BYND) Director Sells 3,330 Shares of Stock

Beyond Meat, Inc. (NASDAQ:BYND) Director Chelsea A. Grayson sold 3,330 shares of Beyond Meat stock in a transaction that occurred on 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 owns 47,029 shares of the company’s stock, valued at $154,725.41. This represents a 6.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Beyond Meat Stock Performance

NASDAQ:BYND opened at $3.39 on Friday. The firm has a market capitalization of $258.08 million, a price-to-earnings ratio of -0.81 and a beta of 2.36. The stock has a fifty day moving average of $3.75 and a 200 day moving average of $4.89. Beyond Meat, Inc. has a 52-week low of $2.86 and a 52-week high of $10.31.

Beyond Meat (NASDAQ:BYND) last issued its quarterly earnings data on Wednesday, February 26th. The company reported ($0.65) 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 the consensus estimate of $76.08 million. Equities analysts forecast that Beyond Meat, Inc. will post -2.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

BYND has been the topic of a number of analyst reports. BMO Capital Markets decreased their price objective on Beyond Meat from $6.00 to $5.00 and set a “market perform” rating on the stock in a research note on Thursday, February 27th. Barclays decreased their price target 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. Four analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $4.92.

Institutional Trading of Beyond Meat

Institutional investors and hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. increased its stake in Beyond Meat by 305.1% in the fourth quarter. Russell Investments Group Ltd. now owns 7,887 shares of the company’s stock valued at $30,000 after acquiring an additional 5,940 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Beyond Meat during the fourth quarter worth about $37,000. Ballentine Partners LLC purchased a new position in shares of Beyond Meat in the 4th quarter worth about $39,000. Van ECK Associates Corp increased its position in shares of Beyond Meat by 68.8% during the 4th quarter. Van ECK Associates Corp now owns 10,498 shares of the company’s stock valued at $39,000 after purchasing an additional 4,280 shares during the last quarter. Finally, Ameriprise Financial Inc. purchased a new position in shares of Beyond Meat during the 4th quarter valued at about $39,000. Hedge funds and other 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.