Farther Finance Advisors LLC Boosts Stock Position in Beyond Meat, Inc. (NASDAQ:BYND)

Farther Finance Advisors LLC boosted its holdings in shares of Beyond Meat, Inc. (NASDAQ:BYND) by 18,919.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,212 shares of the company’s stock after acquiring an additional 49,948 shares during the quarter. Farther Finance Advisors LLC owned 0.08% of Beyond Meat worth $339,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Olympiad Research LP boosted its holdings in Beyond Meat by 5.1% during the 4th quarter. Olympiad Research LP now owns 30,592 shares of the company’s stock valued at $272,000 after acquiring an additional 1,477 shares during the period. Banque Cantonale Vaudoise boosted its holdings in Beyond Meat by 117.4% during the 1st quarter. Banque Cantonale Vaudoise now owns 3,220 shares of the company’s stock valued at $26,000 after acquiring an additional 1,739 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Beyond Meat by 9.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 33,104 shares of the company’s stock valued at $275,000 after acquiring an additional 2,790 shares during the period. MUFG Securities EMEA plc raised its position in Beyond Meat by 30.3% during the 4th quarter. MUFG Securities EMEA plc now owns 21,113 shares of the company’s stock valued at $188,000 after purchasing an additional 4,913 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in Beyond Meat by 30.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 22,061 shares of the company’s stock valued at $183,000 after purchasing an additional 5,140 shares in the last quarter. Hedge funds and other institutional investors own 52.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BYND. Mizuho decreased their target price on Beyond Meat from $6.00 to $5.00 and set an “underperform” rating for the company in a research report on Monday, August 26th. The Goldman Sachs Group decreased their target price on Beyond Meat from $4.00 to $3.50 and set a “sell” rating for the company in a research report on Thursday, May 9th. BMO Capital Markets decreased their target price on Beyond Meat from $9.00 to $6.00 and set a “market perform” rating for the company in a research report on Thursday, August 8th. Finally, Canaccord Genuity Group decreased their target price on Beyond Meat from $9.00 to $7.00 and set a “hold” rating for the company in a research report on Friday, May 10th. Six analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $5.06.

Beyond Meat Price Performance

Shares of NASDAQ:BYND opened at $5.95 on Thursday. The business’s 50-day moving average is $6.32 and its 200 day moving average is $7.06. Beyond Meat, Inc. has a 1 year low of $5.13 and a 1 year high of $12.12. The firm has a market capitalization of $386.07 million, a P/E ratio of -1.15 and a beta of 2.25.

Beyond Meat (NASDAQ:BYND) last announced its earnings results on Wednesday, August 7th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.51) by ($0.02). The company had revenue of $93.19 million during the quarter, compared to the consensus estimate of $87.81 million. During the same quarter in the prior year, the company earned ($0.83) earnings per share. Beyond Meat’s quarterly revenue was down 8.8% compared to the same quarter last year. On average, analysts expect that Beyond Meat, Inc. will post -2.12 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.