Beyond Meat (NASDAQ:BYND) Stock Price Down 2.4% – Time to Sell?

Beyond Meat, Inc. (NASDAQ:BYND)’s stock price traded down 2.4% on Friday . The company traded as low as $4.00 and last traded at $4.08. 5,940,722 shares were traded during trading, an increase of 61% from the average session volume of 3,701,016 shares. The stock had previously closed at $4.18.

Beyond Meat Trading Down 2.4 %

The company has a market capitalization of $266.03 million, a P/E ratio of -0.98 and a beta of 2.26. The firm’s 50 day moving average price is $4.28 and its two-hundred day moving average price is $5.62.

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

Insider Buying and Selling

In other Beyond Meat news, insider Ethan Brown sold 313,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now owns 1,703,288 shares of the company’s stock, valued at $6,387,330. The trade was a 15.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Beyond Meat

Hedge funds and other institutional investors have recently made changes to their positions in the company. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in Beyond Meat by 42.7% during the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 625,396 shares of the company’s stock worth $4,240,000 after acquiring an additional 186,996 shares in the last quarter. Vontobel Holding Ltd. raised its holdings in shares of Beyond Meat by 91.5% in the 3rd quarter. Vontobel Holding Ltd. now owns 569,773 shares of the company’s stock valued at $3,863,000 after purchasing an additional 272,240 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Beyond Meat by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 522,894 shares of the company’s stock valued at $3,545,000 after purchasing an additional 7,332 shares during the last quarter. Susquehanna Fundamental Investments LLC grew its holdings in Beyond Meat by 93.3% during the second quarter. Susquehanna Fundamental Investments LLC now owns 210,612 shares of the company’s stock worth $1,413,000 after purchasing an additional 101,652 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Beyond Meat by 16.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,901 shares of the company’s stock worth $257,000 after buying an additional 5,419 shares during the last quarter. 52.48% of the stock is 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.