Farther Finance Advisors LLC Grows Stake in Beyond Meat, Inc. (NASDAQ:BYND)

Farther Finance Advisors LLC boosted its stake in shares of Beyond Meat, Inc. (NASDAQ:BYND - Free Report) by 80.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 202,735 shares of the company's stock after acquiring an additional 90,270 shares during the quarter. Farther Finance Advisors LLC owned about 0.27% of Beyond Meat worth $622,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vontobel Holding Ltd. lifted its stake in Beyond Meat by 128.7% in 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 during the last quarter. Millennium Management LLC raised its holdings in shares of Beyond Meat by 73.8% in the fourth quarter. Millennium Management LLC now owns 619,957 shares of the company's stock worth $2,331,000 after buying an additional 263,337 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in shares of Beyond Meat during the 4th quarter worth approximately $796,000. SBI Securities Co. Ltd. purchased a new position in Beyond Meat during the 4th quarter valued at $382,000. Finally, CoreCommodity Management LLC grew its position in Beyond Meat by 129.5% in the 4th quarter. CoreCommodity Management LLC now owns 171,226 shares of the company's stock valued at $644,000 after acquiring an additional 96,602 shares during the last quarter. 52.48% of the stock is currently owned by hedge funds and other institutional investors.

Beyond Meat Stock Down 3.4%

Shares of NASDAQ BYND opened at $3.16 on Friday. Beyond Meat, Inc. has a twelve month low of $2.23 and a twelve month high of $9.24. The firm has a market cap of $241.65 million, a PE ratio of -0.76 and a beta of 2.15. The business has a fifty day simple moving average of $2.79 and a two-hundred day simple moving average of $3.41.

Beyond Meat (NASDAQ:BYND - Get Free Report) last released its quarterly earnings data 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 previous year, the company posted ($0.84) earnings per share. Beyond Meat's revenue was down 9.1% compared to the same quarter last year. On average, research analysts expect that Beyond Meat, Inc. will post -2.1 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on BYND. Barclays decreased their target price 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 lowered their price objective on shares of Beyond Meat from $6.00 to $5.00 and set a "market perform" rating for the company in a research report on Thursday, February 27th.

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.

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