SG Americas Securities LLC Boosts Holdings in Beyond Meat, Inc. (NASDAQ:BYND)

SG Americas Securities LLC increased its holdings in shares of Beyond Meat, Inc. (NASDAQ:BYND - Free Report) by 5,060.0% during the first quarter, according to the company in its most recent Form 13F filing with the 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 about 1.55% of Beyond Meat worth $3,620,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the business. Russell Investments Group Ltd. lifted its position in shares of Beyond Meat by 305.1% during the 4th quarter. Russell Investments Group Ltd. now owns 7,887 shares of the company's stock valued at $30,000 after acquiring an additional 5,940 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Beyond Meat during the 4th quarter valued at $37,000. Ameriprise Financial Inc. purchased a new stake in Beyond Meat during the fourth quarter worth about $39,000. Van ECK Associates Corp increased its stake in shares of Beyond Meat by 68.8% during the 4th 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 during the last quarter. Finally, Wealthfront Advisers LLC purchased a new stake in Beyond Meat in the 4th quarter worth about $40,000. 52.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. BMO Capital Markets reduced 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 note on Thursday, February 27th. Barclays dropped their price objective on shares of Beyond Meat from $3.00 to $2.00 and set an "underweight" rating for the company in a report on Thursday, May 8th.

Beyond Meat Stock Performance

BYND stock traded down $0.01 during trading on Tuesday, hitting $3.29. 1,611,470 shares of the company traded hands, compared to its average volume of 2,890,207. The company has a 50-day moving average of $2.81 and a 200-day moving average of $3.39. Beyond Meat, Inc. has a 1 year low of $2.23 and a 1 year high of $9.24. The firm has a market capitalization of $251.59 million, a PE ratio of -1.44 and a beta of 2.15.

Beyond Meat (NASDAQ:BYND - Get Free Report) last announced its quarterly 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). During the same period in the prior year, the firm earned ($0.84) earnings per share. The company's revenue was down 9.1% compared to the same quarter last year. Sell-side analysts expect that Beyond Meat, Inc. will post -2.1 EPS for the current 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.