181,845 Shares in Beyond Meat, Inc. $BYND Acquired by Nuveen LLC

Key Points

• Nuveen LLC invested approximately $555,000 in Beyond Meat, acquiring 181,845 shares during the first quarter, reflecting a 0.24% ownership stake in the company.
• Beyond Meat reported a loss of $0.43 per share in its latest quarterly earnings, falling short of the expected consensus estimate, with revenues also down by 19.5% year-over-year.
• Analysts have issued a consensus "Sell" rating for Beyond Meat, with a lowered price target averaging $3.00 per share, amidst concerns about its financial performance.

Nuveen LLC bought a new stake in Beyond Meat, Inc. (NASDAQ:BYND - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 181,845 shares of the company's stock, valued at approximately $555,000. Nuveen LLC owned about 0.24% of Beyond Meat at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in BYND. Vontobel Holding Ltd. grew its position in Beyond Meat by 35.0% during the first quarter. Vontobel Holding Ltd. now owns 1,758,904 shares of the company's stock worth $5,365,000 after buying an additional 455,963 shares in the last quarter. SG Americas Securities LLC grew its position in Beyond Meat by 5,060.0% during the first quarter. SG Americas Securities LLC now owns 1,187,011 shares of the company's stock worth $3,620,000 after buying an additional 1,164,007 shares in the last quarter. Millennium Management LLC grew its position in Beyond Meat by 73.8% during 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 in the last quarter. Northern Trust Corp boosted its holdings in shares of Beyond Meat by 9.6% in the 4th quarter. Northern Trust Corp now owns 595,612 shares of the company's stock valued at $2,240,000 after purchasing an additional 52,150 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Beyond Meat by 8.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 573,596 shares of the company's stock valued at $1,749,000 after purchasing an additional 46,540 shares in the last quarter. Institutional investors and hedge funds own 52.48% of the company's stock.

Beyond Meat Stock Down 0.2%

BYND stock traded down $0.01 during mid-day trading on Tuesday, reaching $2.53. 219,530 shares of the company traded hands, compared to its average volume of 2,653,985. The stock has a market cap of $193.54 million, a price-to-earnings ratio of -1.15 and a beta of 2.22. Beyond Meat, Inc. has a fifty-two week low of $2.22 and a fifty-two week high of $7.60. The firm's 50 day moving average price is $3.05 and its 200 day moving average price is $3.03.

Beyond Meat (NASDAQ:BYND - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported ($0.43) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.06). The business had revenue of $74.96 million for the quarter, compared to analysts' expectations of $85.71 million. During the same quarter in the prior year, the company posted ($0.53) earnings per share. The firm's quarterly revenue was down 19.5% on a year-over-year basis. On average, analysts anticipate that Beyond Meat, Inc. will post -2.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BYND. BMO Capital Markets reduced their target price on Beyond Meat from $5.00 to $4.00 and set a "market perform" rating on the stock in a report on Thursday, August 14th. JPMorgan Chase & Co. began coverage on Beyond Meat in a research note on Wednesday, August 20th. They issued an "underweight" rating for the company. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Sell" and an average target price of $3.00.

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.