November 10, 2019 at 3:26 pm

Beyond Meat (NASDAQ:BYND) Insider Cari Soto Sells 10,000 Shares

by

Beyond Meat (NASDAQ:BYND) insider Cari Soto sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $79.95, for a total transaction of $799,500.00.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

Shares of NASDAQ:BYND traded up $0.96 during trading on Friday, reaching $79.95. The company had a trading volume of 2,844,600 shares, compared to its average volume of 6,445,796. The company has a fifty day moving average price of $120.65. Beyond Meat has a 12 month low of $45.00 and a 12 month high of $239.71. The company has a debt-to-equity ratio of 0.07, a current ratio of 8.95 and a quick ratio of 7.90.

Beyond Meat (NASDAQ:BYND) last posted its earnings results on Monday, October 28th. The company reported $0.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.01. The company had revenue of $91.96 million during the quarter, compared to analysts’ expectations of $83.35 million. The firm’s revenue for the quarter was up 250.0% on a year-over-year basis. As a group, equities research analysts expect that Beyond Meat will post -0.2 EPS for the current year.

Several large investors have recently bought and sold shares of BYND. Valeo Financial Advisors LLC purchased a new stake in shares of Beyond Meat in the 3rd quarter worth about $30,000. Sandy Spring Bank purchased a new stake in shares of Beyond Meat in the 2nd quarter worth about $32,000. Rocky Mountain Advisers LLC purchased a new stake in shares of Beyond Meat in the 2nd quarter worth about $32,000. Sterling Investment Advisors Ltd. purchased a new stake in shares of Beyond Meat in the 2nd quarter worth about $32,000. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Beyond Meat in the 2nd quarter worth about $40,000. 9.59% of the stock is owned by hedge funds and other institutional investors.

A number of analysts recently weighed in on the stock. DA Davidson decreased their target price on shares of Beyond Meat from $130.00 to $84.00 and set an “underperform” rating on the stock in a report on Tuesday, October 29th. They noted that the move was a valuation call. Jefferies Financial Group increased their price target on shares of Beyond Meat from $115.00 to $190.00 and gave the stock a “hold” rating in a report on Tuesday, October 29th. They noted that the move was a valuation call. Cfra raised shares of Beyond Meat from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. Sanford C. Bernstein raised shares of Beyond Meat from a “market perform” rating to an “outperform” rating and set a $106.00 price target on the stock in a report on Tuesday, November 5th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of Beyond Meat from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a report on Wednesday, October 30th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. Beyond Meat presently has an average rating of “Hold” and a consensus target price of $119.10.

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.

Featured Article: After-Hours Trading

Insider Buying and Selling by Quarter for Beyond Meat (NASDAQ:BYND)

Leave a Comment

Your email address will not be published. Required fields are marked *