Headlands Technologies LLC Acquires New Holdings in Beyond Meat, Inc. (NASDAQ:BYND)

Headlands Technologies LLC bought a new stake in Beyond Meat, Inc. (NASDAQ:BYND) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 11,089 shares of the company’s stock, valued at approximately $99,000.

Several other hedge funds also recently bought and sold shares of BYND. Compagnie Lombard Odier SCmA lifted its holdings in shares of Beyond Meat by 16.3% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 25,000 shares of the company’s stock worth $222,000 after acquiring an additional 3,500 shares during the last quarter. Gotham Asset Management LLC raised its position in Beyond Meat by 5.6% in the third quarter. Gotham Asset Management LLC now owns 31,165 shares of the company’s stock valued at $300,000 after purchasing an additional 1,646 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Beyond Meat by 6.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 483,732 shares of the company’s stock worth $4,654,000 after purchasing an additional 30,998 shares in the last quarter. Sigma Planning Corp purchased a new position in shares of Beyond Meat during the third quarter worth $98,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Beyond Meat in the third quarter valued at $161,000. Hedge funds and other institutional investors own 52.48% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BYND shares. Mizuho cut their price objective on Beyond Meat from $7.00 to $6.00 and set an “underperform” rating on the stock in a report on Monday, April 22nd. TD Cowen cut their price target on shares of Beyond Meat from $10.00 to $6.00 and set a “sell” rating on the stock in a research note on Wednesday, April 17th. Argus raised shares of Beyond Meat from a “sell” rating to a “hold” rating in a research report on Thursday, February 29th. Finally, BMO Capital Markets lifted their price objective on shares of Beyond Meat from $7.00 to $10.00 and gave the company a “market perform” rating in a report on Wednesday, February 28th. Five research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. Based on data from MarketBeat, Beyond Meat presently has a consensus rating of “Reduce” and a consensus target price of $5.83.

Beyond Meat Price Performance

Shares of NASDAQ BYND opened at $6.72 on Tuesday. The stock’s 50-day moving average is $7.66 and its two-hundred day moving average is $7.59. The company has a market cap of $434.63 million, a price-to-earnings ratio of -1.28 and a beta of 2.41. Beyond Meat, Inc. has a 1-year low of $5.58 and a 1-year high of $19.25.

Beyond Meat (NASDAQ:BYND) last announced its quarterly earnings data on Tuesday, February 27th. The company reported ($2.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.82) by ($1.58). The business had revenue of $73.68 million for the quarter, compared to the consensus estimate of $66.66 million. The company’s revenue was down 7.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($1.05) earnings per share. Equities research analysts anticipate that Beyond Meat, Inc. will post -2.46 earnings per share for the current fiscal year.

About Beyond Meat

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.