Stock Traders Purchase High Volume of Beyond Meat Call Options (NASDAQ:BYND)

Beyond Meat, Inc. (NASDAQ:BYND) was the target of some unusual options trading on Friday. Stock traders purchased 29,501 call options on the stock. This is an increase of 40% compared to the average volume of 21,052 call options.

Beyond Meat Stock Performance

Beyond Meat stock opened at $4.08 on Friday. The stock has a market cap of $266.03 million, a PE ratio of -0.98 and a beta of 2.22. The stock has a fifty day moving average of $5.00 and a 200 day moving average of $5.91. Beyond Meat has a one year low of $3.30 and a one year high of $12.12.

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

Insider Activity at Beyond Meat

In other Beyond Meat news, insider Ethan Brown sold 313,000 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $3.75, for a total transaction of $1,173,750.00. Following the transaction, the insider now owns 1,703,288 shares in the company, valued at approximately $6,387,330. This represents a 15.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Beyond Meat

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BYND. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its stake in Beyond Meat by 42.7% in the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 625,396 shares of the company’s stock worth $4,240,000 after buying an additional 186,996 shares in the last quarter. Vontobel Holding Ltd. boosted its stake in shares of Beyond Meat by 91.5% in the third quarter. Vontobel Holding Ltd. now owns 569,773 shares of the company’s stock worth $3,863,000 after acquiring an additional 272,240 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Beyond Meat by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 522,894 shares of the company’s stock worth $3,545,000 after purchasing an additional 7,332 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Beyond Meat by 5.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 235,016 shares of the company’s stock valued at $1,577,000 after purchasing an additional 11,800 shares during the period. Finally, Raymond James & Associates bought a new stake in Beyond Meat during the 2nd quarter valued at approximately $1,463,000. 52.48% of the stock is owned by hedge funds and other 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.