Susquehanna Fundamental Investments LLC Takes Position in Beyond Meat, Inc. (NASDAQ:BYND)

Susquehanna Fundamental Investments LLC bought a new stake in Beyond Meat, Inc. (NASDAQ:BYND - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 211,690 shares of the company's stock, valued at approximately $796,000. Susquehanna Fundamental Investments LLC owned about 0.32% of Beyond Meat at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Beyond Meat by 40.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 48,897 shares of the company's stock valued at $184,000 after purchasing an additional 14,048 shares during the period. Dark Forest Capital Management LP purchased a new position in Beyond Meat during the fourth quarter worth approximately $61,000. TD Waterhouse Canada Inc. boosted its holdings in Beyond Meat by 2,358.4% in the 4th quarter. TD Waterhouse Canada Inc. now owns 18,733 shares of the company's stock valued at $70,000 after purchasing an additional 17,971 shares during the last quarter. XTX Topco Ltd purchased a new position in Beyond Meat in the 4th quarter valued at approximately $225,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Beyond Meat during the fourth quarter worth about $49,000. 52.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. BMO Capital Markets decreased 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 report on Thursday, February 27th. Barclays reduced their price target on Beyond Meat from $4.00 to $3.00 and set an "underweight" rating on the stock in a research report on Thursday, February 27th. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Reduce" and an average target price of $4.70.

Beyond Meat Stock Performance

Shares of Beyond Meat stock traded down $0.23 on Thursday, hitting $2.31. The company's stock had a trading volume of 1,935,828 shares, compared to its average volume of 3,000,857. The company has a market capitalization of $176.44 million, a price-to-earnings ratio of -0.55 and a beta of 2.18. The firm has a fifty day moving average price of $2.94 and a 200-day moving average price of $3.94. Beyond Meat, Inc. has a 1 year low of $2.23 and a 1 year high of $10.31.

Beyond Meat (NASDAQ:BYND - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported ($0.67) EPS for the quarter, missing the consensus estimate of ($0.52) by ($0.15). During the same period in the previous year, the business earned ($0.84) earnings per share. The firm's revenue for the quarter was down 9.1% compared to the same quarter last year. As a group, analysts forecast that Beyond Meat, Inc. will post -2.1 EPS for the current year.

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.