200 Shares in Beyond Meat (NASDAQ:BYND) Acquired by Sandy Spring Bank

Sandy Spring Bank purchased a new position in shares of Beyond Meat (NASDAQ:BYND) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 200 shares of the company’s stock, valued at approximately $32,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BYND. Rocky Mountain Advisers LLC acquired a new stake in shares of Beyond Meat during the 2nd quarter worth approximately $32,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Beyond Meat during the 2nd quarter worth approximately $53,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Beyond Meat during the 2nd quarter worth approximately $64,000. West Oak Capital LLC acquired a new stake in shares of Beyond Meat during the 2nd quarter worth approximately $88,000. Finally, Winslow Evans & Crocker Inc. acquired a new stake in shares of Beyond Meat during the 2nd quarter worth approximately $168,000. Institutional investors and hedge funds own 0.30% of the company’s stock.

Several research firms recently issued reports on BYND. Sanford C. Bernstein lowered shares of Beyond Meat from an “outperform” rating to a “market perform” rating and set a $123.00 price target on the stock. in a research report on Wednesday, June 12th. They noted that the move was a valuation call. JPMorgan Chase & Co. lowered shares of Beyond Meat from an “overweight” rating to a “neutral” rating and increased their price target for the stock from $120.00 to $121.00 in a research report on Tuesday, June 11th. They noted that the move was a valuation call. Bank of America increased their price target on shares of Beyond Meat from $170.00 to $182.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Zacks Investment Research upgraded shares of Beyond Meat from a “hold” rating to a “buy” rating and set a $197.00 price target on the stock in a research report on Tuesday, August 6th. Finally, Jefferies Financial Group increased their price objective on shares of Beyond Meat from $85.00 to $105.00 and gave the company a “hold” rating in a research note on Friday, June 7th. They noted that the move was a valuation call. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $126.17.

In related news, CFO Mark Joseph Nelson sold 64,452 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $160.00, for a total value of $10,312,320.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Perkins Caufield & Bye Kleiner sold 723,862 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $154.00, for a total transaction of $111,474,748.00. The disclosure for this sale can be found here. In the last three months, insiders sold 821,957 shares of company stock valued at $127,169,948.

Shares of NASDAQ:BYND opened at $144.77 on Friday. The company has a quick ratio of 7.90, a current ratio of 8.95 and a debt-to-equity ratio of 0.07. The company has a 50 day moving average of $173.73. Beyond Meat has a one year low of $45.00 and a one year high of $239.71.

Beyond Meat (NASDAQ:BYND) last issued its quarterly earnings data on Monday, July 29th. The company reported $0.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.09. The company had revenue of $67.25 million during the quarter, compared to the consensus estimate of $50.94 million. On average, research analysts forecast that Beyond Meat will post -0.23 earnings per share for the current fiscal year.

Beyond Meat Company Profile

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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Institutional Ownership by Quarter for Beyond Meat (NASDAQ:BYND)

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