Stock Traders Purchase Large Volume of Call Options on Beyond Meat (NASDAQ:BYND)

Beyond Meat, Inc. (NASDAQ:BYND) was the recipient of some unusual options trading activity on Friday. Investors bought 29,501 call options on the stock. This represents an increase of approximately 40% compared to the average daily volume of 21,052 call options.

Insider Activity at Beyond Meat

In other Beyond Meat news, insider Ethan Brown sold 313,000 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $3.75, for a total transaction of $1,173,750.00. Following the sale, the insider now directly owns 1,703,288 shares in the company, valued at approximately $6,387,330. The trade was a 15.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 8.60% of the company’s stock.

Hedge Funds Weigh In On Beyond Meat

Hedge funds have recently bought and sold shares of the stock. Canada Pension Plan Investment Board acquired a new stake in shares of Beyond Meat during the second quarter valued at $41,000. Intech Investment Management LLC acquired a new stake in shares of Beyond Meat during the 3rd quarter worth about $128,000. Headlands Technologies LLC purchased a new stake in shares of Beyond Meat during the second quarter worth about $177,000. The Manufacturers Life Insurance Company raised its position in shares of Beyond Meat by 17.3% in the second quarter. The Manufacturers Life Insurance Company now owns 26,469 shares of the company’s stock valued at $178,000 after buying an additional 3,902 shares during the last quarter. Finally, MUFG Securities EMEA plc lifted its stake in shares of Beyond Meat by 29.8% during the second quarter. MUFG Securities EMEA plc now owns 27,413 shares of the company’s stock valued at $184,000 after buying an additional 6,300 shares during the period. Hedge funds and other institutional investors own 52.48% of the company’s stock.

Beyond Meat Stock Up 6.5 %

Beyond Meat stock opened at $4.08 on Friday. The firm has a market capitalization of $266.03 million, a PE ratio of -0.98 and a beta of 2.22. Beyond Meat has a 52 week low of $3.30 and a 52 week high of $12.12. The firm’s 50-day simple moving average is $5.00 and its 200 day simple moving average is $5.91.

Beyond Meat (NASDAQ:BYND) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.41) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.44) by $0.03. The business had revenue of $81.01 million during the quarter, compared to analysts’ expectations of $80.13 million. During the same period last year, the company earned ($1.09) EPS. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, research analysts expect that Beyond Meat will post -2.09 EPS 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.