Christopher Isaac Stone Sells 20,000 Shares of Beyond Meat (NASDAQ:BYND) Stock

Beyond Meat (NASDAQ:BYND) Director Christopher Isaac Stone sold 20,000 shares of Beyond Meat stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $82.01, for a total transaction of $1,640,200.00. The transaction was disclosed in a filing with the SEC, which is available at this link.

Christopher Isaac Stone also recently made the following trade(s):

  • On Friday, November 29th, Christopher Isaac Stone sold 30,000 shares of Beyond Meat stock. The shares were sold at an average price of $83.83, for a total transaction of $2,514,900.00.
  • On Wednesday, November 20th, Christopher Isaac Stone sold 20,000 shares of Beyond Meat stock. The shares were sold at an average price of $78.04, for a total transaction of $1,560,800.00.
  • On Thursday, November 14th, Christopher Isaac Stone sold 10,000 shares of Beyond Meat stock. The shares were sold at an average price of $82.00, for a total transaction of $820,000.00.
  • On Thursday, November 7th, Christopher Isaac Stone sold 20,000 shares of Beyond Meat stock. The shares were sold at an average price of $78.51, for a total transaction of $1,570,200.00.
  • On Wednesday, October 30th, Christopher Isaac Stone sold 20,000 shares of Beyond Meat stock. The shares were sold at an average price of $82.00, for a total transaction of $1,640,000.00.

BYND traded down $3.69 during trading hours on Monday, hitting $79.27. The company’s stock had a trading volume of 5,983,391 shares, compared to its average volume of 6,198,197. The business’s 50-day moving average price is $90.35 and its 200-day moving average price is $134.76. Beyond Meat has a 12 month low of $45.00 and a 12 month high of $239.71. The company has a current ratio of 7.46, a quick ratio of 6.38 and a debt-to-equity ratio of 0.06.

Beyond Meat (NASDAQ:BYND) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. Beyond Meat had a negative net margin of 8.42% and a negative return on equity of 5.92%. The company had revenue of $91.96 million for the quarter, compared to analysts’ expectations of $83.35 million. The business’s quarterly revenue was up 250.0% compared to the same quarter last year. Sell-side analysts expect that Beyond Meat will post -0.2 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sterling Investment Advisors Ltd. bought a new stake in Beyond Meat in the second quarter worth $32,000. Rocky Mountain Advisers LLC bought a new stake in Beyond Meat in the second quarter worth $32,000. Sandy Spring Bank bought a new stake in Beyond Meat in the second quarter worth $32,000. Valeo Financial Advisors LLC bought a new stake in Beyond Meat in the third quarter worth $30,000. Finally, Institutional & Family Asset Management LLC increased its position in Beyond Meat by 20,000.0% in the third quarter. Institutional & Family Asset Management LLC now owns 201 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 10.19% of the company’s stock.

Several equities research analysts have recently issued reports on BYND shares. Wells Fargo & Co reduced their price objective on shares of Beyond Meat from $125.00 to $100.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 29th. They noted that the move was a valuation call. Berenberg Bank started coverage on shares of Beyond Meat in a research report on Thursday, November 14th. They set a “buy” rating and a $100.00 price objective on the stock. BNP Paribas reduced their price objective on shares of Beyond Meat from $70.00 to $50.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 20th. JPMorgan Chase & Co. set a $138.00 price objective on shares of Beyond Meat and gave the company a “buy” rating in a research report on Tuesday, October 29th. Finally, Cfra upgraded shares of Beyond Meat from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $113.22.

About Beyond Meat

Beyond Meat, Inc, a food company, manufactures, markets, and sells plant-based meat products in the United States and internationally. The company sells its products under the Beyond Beef, Beyond Chicken, The Beyond Burger, Beyond Meat, Beyond Sausage, Eat What You Love, and The Cookout Classic brand names.

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