Lubi Kutua Sells 419,042 Shares of Beyond Meat (NASDAQ:BYND) Stock

Key Points

• CFO Lubi Kutua sold 419,042 shares of Beyond Meat on April 13 under a pre-arranged Rule 10b5-1 plan, raising about $251,425 and reducing her stake by 6.79% to 5,749,967 shares.
• Beyond Meat missed quarterly expectations with EPS of ($0.29) vs. ($0.12) expected and revenue of $61.59M vs. $63M, and faces negative fundamentals and analyst pressure — MarketBeat shows a consensus "Strong Sell" with a $0.83 target.
• Shares trade around $0.75 with a market cap of about $348 million, hovering near a 52-week low of $0.50 and well below the $7.69 52-week high, reflecting continued volatility and weakness.

Beyond Meat, Inc. (NASDAQ:BYND - Get Free Report) CFO Lubi Kutua sold 419,042 shares of the business's stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $0.60, for a total value of $251,425.20. Following the transaction, the chief financial officer directly owned 5,749,967 shares in the company, valued at approximately $3,449,980.20. This trade represents a 6.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Beyond Meat Price Performance

NASDAQ BYND traded up $0.03 during trading on Wednesday, reaching $0.75. 37,569,437 shares of the company's stock were exchanged, compared to its average volume of 36,997,328. The business has a 50 day moving average price of $0.71 and a 200-day moving average price of $1.07. The stock has a market capitalization of $348.18 million, a P/E ratio of -0.26 and a beta of 2.67. Beyond Meat, Inc. has a fifty-two week low of $0.50 and a fifty-two week high of $7.69.

Beyond Meat (NASDAQ:BYND - Get Free Report) last announced its quarterly earnings results on Tuesday, March 31st. The company reported ($0.29) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.17). The business had revenue of $61.59 million for the quarter, compared to analyst estimates of $63.00 million. Beyond Meat had a negative return on equity of 37.44% and a net margin of 43.98%. On average, analysts forecast that Beyond Meat, Inc. will post -2.1 earnings per share for the current year.

Wall Street Analyst Weigh In

BYND has been the subject of a number of research analyst reports. Weiss Ratings restated a "sell (e+)" rating on shares of Beyond Meat in a report on Wednesday, January 21st. Zacks Research cut Beyond Meat from a "hold" rating to a "strong sell" rating in a report on Tuesday, April 7th. Barclays reduced their price objective on Beyond Meat from $1.00 to $0.50 and set an "underweight" rating for the company in a report on Thursday, April 2nd. Finally, BMO Capital Markets reduced their price objective on Beyond Meat from $4.00 to $1.00 and set a "market perform" rating for the company in a report on Monday, April 6th. Two research analysts have rated the stock with a Hold rating and seven have given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Strong Sell" and a consensus target price of $0.83.

Institutional Investors Weigh In On Beyond Meat

Institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in shares of Beyond Meat by 445.0% in the fourth quarter. Geode Capital Management LLC now owns 9,927,157 shares of the company's stock valued at $8,142,000 after buying an additional 8,105,718 shares during the period. UBS Group AG boosted its stake in shares of Beyond Meat by 674.8% in the fourth quarter. UBS Group AG now owns 9,788,528 shares of the company's stock valued at $8,027,000 after buying an additional 8,525,183 shares during the period. Vanguard Group Inc. boosted its stake in shares of Beyond Meat by 1.5% in the third quarter. Vanguard Group Inc. now owns 4,780,045 shares of the company's stock valued at $9,034,000 after buying an additional 69,423 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Beyond Meat by 497.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,383,511 shares of the company's stock valued at $2,774,000 after buying an additional 2,816,778 shares during the period. Finally, Vontobel Holding Ltd. boosted its stake in shares of Beyond Meat by 38.0% in the third quarter. Vontobel Holding Ltd. now owns 2,917,994 shares of the company's stock valued at $5,515,000 after buying an additional 804,125 shares during the period. Institutional investors own 52.48% of the company's stock.

Beyond Meat Company Profile

Beyond Meat, Inc NASDAQ: BYND develops, manufactures and sells plant-based meat substitutes designed to replicate the taste, texture and appearance of animal-based proteins. Since its founding in 2009 by Ethan Brown and initial public offering in 2019, the company has focused on leveraging proprietary technology and ingredient blends to produce a suite of products that cater to both retail and foodservice channels. Beyond Meat's mission centers on offering more sustainable protein options by reducing reliance on livestock farming and its associated environmental footprint.

The company's product portfolio includes Beyond Burger, Beyond Sausage, Beyond Beef and Beyond Chicken, each formulated to appeal to a broad range of consumers seeking meat alternatives without compromising on flavor or cooking versatility.

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