Sigma Planning Corp Makes New Investment in Beyond Meat, Inc. (NASDAQ:BYND)

Sigma Planning Corp purchased a new stake in shares of Beyond Meat, Inc. (NASDAQ:BYNDFree Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,220 shares of the company’s stock, valued at approximately $98,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in Beyond Meat in the fourth quarter worth about $6,875,000. Vontobel Holding Ltd. boosted its position in Beyond Meat by 716.7% in the third quarter. Vontobel Holding Ltd. now owns 359,718 shares of the company’s stock worth $3,460,000 after purchasing an additional 315,671 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in Beyond Meat in the first quarter worth about $4,908,000. Northern Trust Corp boosted its position in Beyond Meat by 114.2% in the second quarter. Northern Trust Corp now owns 559,446 shares of the company’s stock worth $13,393,000 after purchasing an additional 298,321 shares during the last quarter. Finally, FMR LLC boosted its position in Beyond Meat by 9,038.9% in the first quarter. FMR LLC now owns 250,679 shares of the company’s stock worth $4,069,000 after purchasing an additional 247,936 shares during the last quarter. 38.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on BYND. Barclays dropped their target price on Beyond Meat from $9.00 to $5.00 and set an “underweight” rating on the stock in a research report on Thursday, November 2nd. Consumer Edge downgraded Beyond Meat from an “equal weight” rating to an “underweight” rating and set a $5.00 price objective on the stock. in a research note on Monday, November 13th. Mizuho downgraded Beyond Meat from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $12.00 to $5.00 in a research note on Thursday, October 12th. Finally, BMO Capital Markets decreased their price objective on Beyond Meat from $13.00 to $7.00 and set a “market perform” rating on the stock in a research note on Thursday, November 9th. Six analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $7.88.

Read Our Latest Report on Beyond Meat

Beyond Meat Trading Down 0.2 %

Shares of BYND opened at $6.12 on Wednesday. The business’s 50 day moving average is $8.21 and its 200 day moving average is $9.33. The company has a market capitalization of $394.98 million, a PE ratio of -1.57 and a beta of 2.31. Beyond Meat, Inc. has a 12-month low of $5.58 and a 12-month high of $22.87.

Beyond Meat (NASDAQ:BYNDGet Free Report) last issued its earnings results on Wednesday, November 8th. The company reported ($1.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.83) by ($0.26). The company had revenue of $75.31 million during the quarter, compared to the consensus estimate of $86.45 million. The company’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($1.60) earnings per share. Equities research analysts predict that Beyond Meat, Inc. will post -3.74 earnings per share for the current year.

Beyond Meat Company Profile

(Free Report)

Beyond Meat, Inc 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, convenience, and natural retailer channels, as well as various food-away-from-home channels, including restaurants, foodservice outlets, and schools.

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Institutional Ownership by Quarter for Beyond Meat (NASDAQ:BYND)

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