Beyond Meat, Inc. (NASDAQ:BYND) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its position in shares of Beyond Meat, Inc. (NASDAQ:BYND - Free Report) by 16,921.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 124,260 shares of the company's stock after purchasing an additional 123,530 shares during the quarter. Nisa Investment Advisors LLC owned about 0.16% of Beyond Meat worth $379,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of BYND. Vontobel Holding Ltd. grew its position in Beyond Meat by 35.0% in the 1st quarter. Vontobel Holding Ltd. now owns 1,758,904 shares of the company's stock valued at $5,365,000 after purchasing an additional 455,963 shares during the period. Golden State Equity Partners purchased a new position in shares of Beyond Meat in the 1st quarter worth about $61,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Beyond Meat in the 1st quarter worth about $48,000. Compagnie Lombard Odier SCmA purchased a new position in shares of Beyond Meat in the 1st quarter worth about $92,000. Finally, SG Americas Securities LLC raised its stake in Beyond Meat by 5,060.0% in the 1st quarter. SG Americas Securities LLC now owns 1,187,011 shares of the company's stock valued at $3,620,000 after acquiring an additional 1,164,007 shares during the period. 52.48% of the stock is owned by institutional investors.

Beyond Meat Price Performance

Shares of NASDAQ:BYND remained flat at $3.50 during trading on Friday. The stock had a trading volume of 1,082,495 shares, compared to its average volume of 2,814,210. The stock has a market capitalization of $267.65 million, a price-to-earnings ratio of -1.54 and a beta of 2.19. The firm's 50-day simple moving average is $3.21 and its two-hundred day simple moving average is $3.30. Beyond Meat, Inc. has a 52-week low of $2.23 and a 52-week high of $9.24.

Beyond Meat (NASDAQ:BYND - Get Free Report) last announced 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). The company's quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.84) earnings per share. On average, research analysts forecast that Beyond Meat, Inc. will post -2.1 EPS for the current year.

Analysts Set New Price Targets

Separately, Barclays decreased their price target 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.

Beyond Meat 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.