Beyond Meat Sees Unusually High Options Volume (NASDAQ:BYND)

Beyond Meat, Inc. (NASDAQ:BYND - Get Free Report) saw some unusual options trading on Tuesday. Traders acquired 25,683 call options on the company. This is an increase of approximately 62% compared to the typical volume of 15,863 call options.

Analyst Ratings Changes

A number of research analysts recently weighed in on BYND shares. Barclays reduced their price objective on Beyond Meat from $3.00 to $2.00 and set an "underweight" rating for the company in a research report on Thursday, May 8th. BMO Capital Markets cut their price objective on Beyond Meat from $6.00 to $5.00 and set a "market perform" rating for the company in a report on Thursday, February 27th.

Beyond Meat Stock Performance

Shares of Beyond Meat stock traded down $0.03 during trading hours on Wednesday, hitting $3.38. The company's stock had a trading volume of 977,722 shares, compared to its average volume of 2,895,277. The business has a 50 day moving average price of $2.77 and a two-hundred day moving average price of $3.45. Beyond Meat has a 12-month low of $2.23 and a 12-month high of $9.24. The company has a market cap of $258.47 million, a PE ratio of -0.81 and a beta of 2.15.

Beyond Meat (NASDAQ:BYND - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported ($0.67) EPS for the quarter, missing analysts' consensus estimates of ($0.52) by ($0.15). Beyond Meat's quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.84) earnings per share. As a group, research analysts anticipate that Beyond Meat will post -2.1 earnings per share for the current year.

Institutional Investors Weigh In On Beyond Meat

Several large investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its stake in Beyond Meat by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 527,056 shares of the company's stock worth $1,982,000 after acquiring an additional 4,162 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Beyond Meat by 68.8% during the fourth quarter. Van ECK Associates Corp now owns 10,498 shares of the company's stock valued at $39,000 after purchasing an additional 4,280 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of Beyond Meat by 49.1% during the fourth quarter. ProShare Advisors LLC now owns 16,825 shares of the company's stock valued at $63,000 after purchasing an additional 5,537 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Beyond Meat by 305.1% during the fourth quarter. Russell Investments Group Ltd. now owns 7,887 shares of the company's stock valued at $30,000 after acquiring an additional 5,940 shares during the last quarter. Finally, Intech Investment Management LLC lifted its position in Beyond Meat by 35.6% during the fourth quarter. Intech Investment Management LLC now owns 25,656 shares of the company's stock valued at $96,000 after acquiring an additional 6,731 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.