Beyond Meat, Inc. (NASDAQ:BYND) Insider Ethan Brown Sells 313,000 Shares

Beyond Meat, Inc. (NASDAQ:BYND) insider Ethan Brown sold 313,000 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $3.75, for a total transaction of $1,173,750.00. Following the sale, the insider now owns 1,703,288 shares in the company, valued at $6,387,330. The trade was a 15.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Beyond Meat Trading Up 2.4 %

Shares of Beyond Meat stock opened at $3.80 on Wednesday. The firm’s 50 day moving average is $5.46 and its 200 day moving average is $6.11. The firm has a market capitalization of $247.77 million, a PE ratio of -0.91 and a beta of 2.22. Beyond Meat, Inc. has a 1 year low of $3.55 and a 1 year high of $12.12.

Beyond Meat (NASDAQ:BYND) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.41) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.44) by $0.03. The company had revenue of $81.01 million for the quarter, compared to analyst estimates of $80.13 million. During the same quarter last year, the company posted ($1.09) earnings per share. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, research analysts anticipate that Beyond Meat, Inc. will post -2.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Mizuho decreased their price objective on shares of Beyond Meat from $6.00 to $5.00 and set an “underperform” rating on the stock in a research note on Monday, August 26th. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat.com, Beyond Meat currently has a consensus rating of “Hold” and an average price target of $5.50.

Hedge Funds Weigh In On Beyond Meat

Several large investors have recently bought and sold shares of BYND. Canada Pension Plan Investment Board acquired a new position in shares of Beyond Meat in the second quarter valued at approximately $41,000. Intech Investment Management LLC acquired a new position in shares of Beyond Meat during the third quarter worth $128,000. Headlands Technologies LLC bought a new stake in shares of Beyond Meat in the second quarter worth $177,000. The Manufacturers Life Insurance Company raised its position in Beyond Meat by 17.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 26,469 shares of the company’s stock worth $178,000 after purchasing an additional 3,902 shares during the last quarter. Finally, MUFG Securities EMEA plc grew its position in shares of Beyond Meat by 29.8% in the 2nd quarter. MUFG Securities EMEA plc now owns 27,413 shares of the company’s stock valued at $184,000 after buying an additional 6,300 shares during the last quarter. 52.48% of the stock is currently owned by institutional investors.

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.