Beyond Meat (NASDAQ:BYND) Stock Price Up 6.5%

Beyond Meat, Inc. (NASDAQ:BYNDGet Rating) shares shot up 6.5% during mid-day trading on Friday . The stock traded as high as $15.25 and last traded at $15.19. 38,893 shares traded hands during trading, a decline of 98% from the average session volume of 2,209,744 shares. The stock had previously closed at $14.26.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Credit Suisse Group cut their price target on Beyond Meat to $10.00 in a report on Thursday, October 27th. Argus downgraded Beyond Meat from a “hold” rating to a “sell” rating in a research report on Friday, December 9th. Mizuho lowered their price target on Beyond Meat from $27.00 to $11.00 and set a “neutral” rating for the company in a report on Thursday, November 10th. Barclays lowered shares of Beyond Meat from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $13.00 to $10.00 in a report on Monday, November 28th. Finally, BMO Capital Markets lowered their target price on shares of Beyond Meat from $20.00 to $14.00 and set a “market perform” rating for the company in a report on Thursday, November 10th. Six research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $17.40.

Beyond Meat Trading Up 6.0 %

The firm has a market cap of $963.78 million, a PE ratio of -2.53 and a beta of 1.98. The stock’s 50 day moving average price is $13.90 and its 200 day moving average price is $19.97.

Beyond Meat (NASDAQ:BYNDGet Rating) last released its quarterly earnings data on Wednesday, November 9th. The company reported ($1.60) EPS for the quarter, missing the consensus estimate of ($1.09) by ($0.51). Beyond Meat had a negative net margin of 86.35% and a negative return on equity of 400.17%. The company had revenue of $82.50 million during the quarter, compared to analysts’ expectations of $84.56 million. During the same period last year, the business earned ($0.87) earnings per share. The company’s revenue for the quarter was down 22.5% compared to the same quarter last year. Analysts forecast that Beyond Meat, Inc. will post -5.87 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Dariush Ajami sold 27,690 shares of Beyond Meat stock in a transaction that occurred on Wednesday, December 14th. The shares were sold at an average price of $14.65, for a total transaction of $405,658.50. Following the sale, the insider now owns 78,774 shares in the company, valued at $1,154,039.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Beyond Meat news, insider Beth Moskowitz sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, December 2nd. The stock was sold at an average price of $14.05, for a total value of $28,100.00. Following the transaction, the insider now directly owns 20,208 shares of the company’s stock, valued at approximately $283,922.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Dariush Ajami sold 27,690 shares of the stock in a transaction that occurred on Wednesday, December 14th. The shares were sold at an average price of $14.65, for a total value of $405,658.50. Following the transaction, the insider now owns 78,774 shares of the company’s stock, valued at $1,154,039.10. The disclosure for this sale can be found here. Insiders sold a total of 51,810 shares of company stock worth $742,210 in the last 90 days. 7.90% of the stock is owned by company insiders.

Institutional Trading of Beyond Meat

Institutional investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors increased its position in shares of Beyond Meat by 48.6% in the 2nd quarter. Captrust Financial Advisors now owns 1,746 shares of the company’s stock worth $42,000 after purchasing an additional 571 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in Beyond Meat by 4,288.9% in the second quarter. Nisa Investment Advisors LLC now owns 1,975 shares of the company’s stock worth $47,000 after purchasing an additional 1,930 shares in the last quarter. Kessler Investment Group LLC bought a new stake in Beyond Meat in the third quarter valued at about $64,000. MUFG Securities EMEA plc acquired a new stake in Beyond Meat during the first quarter valued at approximately $75,000. Finally, Federated Hermes Inc. bought a new position in Beyond Meat during the 2nd quarter worth approximately $106,000. 41.12% of the stock is owned by institutional investors and hedge funds.

Beyond Meat Company Profile

(Get Rating)

Beyond Meat, Inc engages in the provision of plant-based meats. Its products include ready-to-cook meat under The Beyond Burger and Beyond Sausage brands, and frozen meat, namely, Beyond Chicken Strips and Beyond Beef Crumbles. The company was founded by Ethan Walden Brown and Brent Taylor in 2009 and is headquartered in El Segundo, CA.

Further Reading

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.