Beyond Meat, Inc. (NASDAQ:BYND) Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its holdings in Beyond Meat, Inc. (NASDAQ:BYND - Free Report) by 80.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 202,735 shares of the company's stock after buying an additional 90,270 shares during the period. Farther Finance Advisors LLC owned about 0.27% of Beyond Meat worth $622,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BYND. Van ECK Associates Corp increased its position 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 worth $39,000 after purchasing an additional 4,280 shares in the last quarter. Vontobel Holding Ltd. increased its position in shares of Beyond Meat by 128.7% during the fourth quarter. Vontobel Holding Ltd. now owns 1,302,941 shares of the company's stock worth $4,899,000 after purchasing an additional 733,168 shares in the last quarter. Rhumbline Advisers increased its position in shares of Beyond Meat by 61.2% during the fourth quarter. Rhumbline Advisers now owns 131,327 shares of the company's stock worth $494,000 after purchasing an additional 49,875 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Beyond Meat by 5.4% during the fourth quarter. Bank of New York Mellon Corp now owns 205,668 shares of the company's stock worth $773,000 after purchasing an additional 10,540 shares in the last quarter. Finally, Versor Investments LP acquired a new stake in shares of Beyond Meat during the fourth quarter worth about $85,000. 52.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BYND has been the topic of a number of research analyst reports. Barclays cut their target price on Beyond Meat from $3.00 to $2.00 and set an "underweight" rating on the stock in a research report on Thursday, May 8th. BMO Capital Markets cut their target price on Beyond Meat from $6.00 to $5.00 and set a "market perform" rating on the stock in a research report on Thursday, February 27th.

Beyond Meat Price Performance

Shares of BYND stock traded up $0.10 during midday trading on Wednesday, hitting $3.39. The company had a trading volume of 1,318,628 shares, compared to its average volume of 2,889,104. The company's 50 day simple moving average is $2.82 and its 200 day simple moving average is $3.39. Beyond Meat, Inc. has a 52-week low of $2.23 and a 52-week high of $9.24. The stock has a market cap of $259.23 million, a price-to-earnings ratio of -1.49 and a beta of 2.15.

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

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.