Intech Investment Management LLC Boosts Stock Holdings in Beyond Meat, Inc. (NASDAQ:BYND)

Intech Investment Management LLC grew its position in Beyond Meat, Inc. (NASDAQ:BYND) by 35.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 25,656 shares of the company’s stock after purchasing an additional 6,731 shares during the period. Intech Investment Management LLC’s holdings in Beyond Meat were worth $96,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Vontobel Holding Ltd. increased its stake in Beyond Meat by 128.7% in the 4th quarter. Vontobel Holding Ltd. now owns 1,302,941 shares of the company’s stock valued at $4,899,000 after buying an additional 733,168 shares during the last quarter. Zweig DiMenna Associates LLC bought a new position in shares of Beyond Meat in the fourth quarter valued at approximately $1,746,000. SBI Securities Co. Ltd. purchased a new stake in shares of Beyond Meat during the fourth quarter valued at approximately $382,000. Rhumbline Advisers lifted its holdings in Beyond Meat by 61.2% during the fourth quarter. Rhumbline Advisers now owns 131,327 shares of the company’s stock worth $494,000 after acquiring an additional 49,875 shares during the period. Finally, Versor Investments LP purchased a new position in Beyond Meat in the fourth quarter worth $85,000. 52.48% of the stock is owned by institutional investors.

Beyond Meat Stock Performance

BYND stock opened at $3.31 on Friday. The stock has a fifty day moving average of $3.69 and a 200-day moving average of $4.74. Beyond Meat, Inc. has a fifty-two week low of $2.86 and a fifty-two week high of $10.31. The company has a market capitalization of $251.99 million, a price-to-earnings ratio of -0.79 and a beta of 2.36.

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. BMO Capital Markets lowered their target price 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 lowered their price objective on shares of 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 equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to MarketBeat, Beyond Meat presently has an average rating of “Reduce” and a consensus price target of $4.92.

Beyond Meat Company Profile

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.