Beyond Meat, Inc. (NASDAQ:BYND) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in Beyond Meat, Inc. (NASDAQ:BYND - Free Report) by 5,060.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,187,011 shares of the company's stock after acquiring an additional 1,164,007 shares during the quarter. SG Americas Securities LLC owned 1.55% of Beyond Meat worth $3,620,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BYND. Vontobel Holding Ltd. boosted its holdings in 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 buying an additional 733,168 shares in the last quarter. Millennium Management LLC lifted its holdings in Beyond Meat by 73.8% during the fourth quarter. Millennium Management LLC now owns 619,957 shares of the company's stock valued at $2,331,000 after purchasing an additional 263,337 shares in the last quarter. Rhumbline Advisers lifted its holdings in Beyond Meat by 61.2% during the fourth quarter. Rhumbline Advisers now owns 131,327 shares of the company's stock valued at $494,000 after purchasing an additional 49,875 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Beyond Meat by 305.1% in the fourth quarter. Russell Investments Group Ltd. now owns 7,887 shares of the company's stock worth $30,000 after buying an additional 5,940 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Beyond Meat in the fourth quarter worth about $37,000. Institutional investors and hedge funds own 52.48% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BYND shares. BMO Capital Markets decreased their price target on shares of Beyond Meat from $6.00 to $5.00 and set a "market perform" rating on the stock in a research note on Thursday, February 27th. Barclays lowered their price objective on shares of Beyond Meat from $3.00 to $2.00 and set an "underweight" rating for the company in a research note on Thursday, May 8th.

Beyond Meat Stock Down 3.4%

Beyond Meat stock traded down $0.11 during trading on Friday, reaching $3.16. The stock had a trading volume of 1,103,084 shares, compared to its average volume of 2,890,110. The stock has a market cap of $241.65 million, a PE ratio of -0.76 and a beta of 2.15. Beyond Meat, Inc. has a 52-week low of $2.23 and a 52-week high of $9.24. The business has a 50 day moving average price of $2.79 and a 200 day moving average price of $3.42.

Beyond Meat (NASDAQ:BYND - Get Free Report) last issued 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). The company's quarterly revenue was down 9.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.84) EPS. On average, equities analysts predict that Beyond Meat, Inc. will post -2.1 EPS for the current fiscal year.

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.