Beyond Meat (NASDAQ:BYND) CFO Mark Joseph Nelson sold 70,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $79.95, for a total value of $5,596,500.00.
BYND traded down $2.27 during midday trading on Wednesday, reaching $73.89. The company had a trading volume of 5,165,656 shares, compared to its average volume of 6,185,192. The company has a debt-to-equity ratio of 0.06, a quick ratio of 6.38 and a current ratio of 7.46. The business has a 50-day moving average of $88.20 and a two-hundred day moving average of $134.60. Beyond Meat has a 1 year low of $45.00 and a 1 year high of $239.71.
Beyond Meat (NASDAQ:BYND) last released its quarterly earnings data on Monday, October 28th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. The company had revenue of $91.96 million for the quarter, compared to the consensus estimate of $83.35 million. Beyond Meat had a negative return on equity of 5.92% and a negative net margin of 8.42%. The firm’s revenue was up 250.0% compared to the same quarter last year. On average, analysts expect that Beyond Meat will post -0.2 EPS for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in BYND. Valeo Financial Advisors LLC acquired a new position in Beyond Meat in the third quarter valued at approximately $30,000. Institutional & Family Asset Management LLC lifted its holdings in Beyond Meat by 20,000.0% in the third quarter. Institutional & Family Asset Management LLC now owns 201 shares of the company’s stock valued at $30,000 after acquiring an additional 200 shares during the last quarter. Rocky Mountain Advisers LLC acquired a new position in Beyond Meat in the second quarter valued at approximately $32,000. Sandy Spring Bank acquired a new position in Beyond Meat in the second quarter valued at approximately $32,000. Finally, Sterling Investment Advisors Ltd. acquired a new position in Beyond Meat in the second quarter valued at approximately $32,000. Hedge funds and other institutional investors own 10.19% of the company’s stock.
A number of equities research analysts recently commented on BYND shares. Sanford C. Bernstein raised Beyond Meat from a “market perform” rating to an “outperform” rating and set a $106.00 price target for the company in a research report on Tuesday, November 5th. They noted that the move was a valuation call. Barclays reaffirmed a “buy” rating and set a $185.00 target price on shares of Beyond Meat in a research report on Tuesday, October 29th. Berenberg Bank initiated coverage on Beyond Meat in a research report on Thursday, November 14th. They set a “buy” rating and a $100.00 price target for the company. Bank of America dropped their price target on Beyond Meat from $150.00 to $122.00 and set a “neutral” rating for the company in a research report on Tuesday, October 29th. Finally, Goldman Sachs Group reissued a “neutral” rating and set a $122.00 price objective on shares of Beyond Meat in a report on Tuesday, October 29th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $113.22.
About Beyond Meat
Beyond Meat, Inc, a food company, manufactures, markets, and sells plant-based meat products in the United States and internationally. The company sells its products under the Beyond Beef, Beyond Chicken, The Beyond Burger, Beyond Meat, Beyond Sausage, Eat What You Love, and The Cookout Classic brand names.
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