Beyond Meat, Inc. (NASDAQ:BYND) Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D boosted its position in Beyond Meat, Inc. (NASDAQ:BYNDGet Rating) by 38.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,004 shares of the company’s stock after buying an additional 13,778 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.08% of Beyond Meat worth $2,416,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. CarsonAllaria Wealth Management Ltd. acquired a new position in Beyond Meat in the 4th quarter worth $28,000. Parallel Advisors LLC raised its stake in shares of Beyond Meat by 110.3% in the 1st quarter. Parallel Advisors LLC now owns 614 shares of the company’s stock valued at $30,000 after purchasing an additional 322 shares in the last quarter. Samalin Investment Counsel LLC raised its stake in shares of Beyond Meat by 1,657.1% in the 4th quarter. Samalin Investment Counsel LLC now owns 615 shares of the company’s stock valued at $40,000 after purchasing an additional 580 shares in the last quarter. Candriam Luxembourg S.C.A. raised its stake in shares of Beyond Meat by 60.0% in the 4th quarter. Candriam Luxembourg S.C.A. now owns 800 shares of the company’s stock valued at $822,000 after purchasing an additional 300 shares in the last quarter. Finally, CWM LLC acquired a new stake in shares of Beyond Meat in the 4th quarter valued at about $57,000. Institutional investors and hedge funds own 67.15% of the company’s stock.

Beyond Meat Price Performance

NASDAQ BYND opened at $33.28 on Wednesday. Beyond Meat, Inc. has a 52 week low of $20.50 and a 52 week high of $134.99. The company has a current ratio of 9.08, a quick ratio of 6.27 and a debt-to-equity ratio of 27.60. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of -8.26 and a beta of 1.80. The company has a 50-day moving average price of $28.22 and a two-hundred day moving average price of $40.05.

Beyond Meat (NASDAQ:BYNDGet Rating) last posted its earnings results on Wednesday, May 11th. The company reported ($1.58) EPS for the quarter, missing the consensus estimate of ($1.04) by ($0.54). The firm had revenue of $109.46 million during the quarter, compared to the consensus estimate of $111.66 million. Beyond Meat had a negative return on equity of 160.55% and a negative net margin of 54.79%. During the same quarter last year, the company posted ($0.42) EPS. Analysts forecast that Beyond Meat, Inc. will post -4.54 EPS for the current year.

Analyst Ratings Changes

BYND has been the topic of a number of recent analyst reports. Cowen cut their target price on shares of Beyond Meat from $42.00 to $26.00 in a research note on Thursday, May 12th. Barclays lowered shares of Beyond Meat from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $80.00 to $25.00 in a research note on Thursday, May 12th. Mizuho cut their target price on shares of Beyond Meat from $35.00 to $21.00 in a research note on Thursday, May 12th. Piper Sandler dropped their price objective on shares of Beyond Meat from $29.00 to $12.00 in a research note on Thursday, May 12th. Finally, Cowen dropped their price objective on shares of Beyond Meat from $42.00 to $26.00 in a research note on Thursday, May 12th. Six research analysts have rated the stock with a sell rating and eleven have issued a hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $44.82.

About Beyond Meat

(Get Rating)

Beyond Meat, Inc 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 store, convenience store and natural retailer channels, and direct-to-consumer, as well as various food-away-from-home channels, including restaurants, foodservice outlets, and schools.

Featured Stories

Institutional Ownership by Quarter for Beyond Meat (NASDAQ:BYND)

Receive News & Ratings for Beyond Meat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beyond Meat and related companies with MarketBeat.com's FREE daily email newsletter.