Gilder Gagnon Howe & Co. LLC increased its holdings in shares of Beyond Meat (NASDAQ:BYND) by 290.9% during the third quarter, Holdings Channel reports. The fund owned 192,910 shares of the company’s stock after acquiring an additional 143,565 shares during the quarter. Gilder Gagnon Howe & Co. LLC’s holdings in Beyond Meat were worth $28,670,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Steward Partners Investment Advisory LLC bought a new position in Beyond Meat in the 2nd quarter valued at about $53,000. SG Americas Securities LLC bought a new position in shares of Beyond Meat during the second quarter worth approximately $3,125,000. Janney Montgomery Scott LLC bought a new position in shares of Beyond Meat during the second quarter worth approximately $262,000. BNP Paribas Arbitrage SA acquired a new stake in Beyond Meat during the 2nd quarter worth approximately $603,000. Finally, Advisor Group Inc. acquired a new stake in Beyond Meat during the 2nd quarter worth approximately $362,000. Institutional investors and hedge funds own 10.19% of the company’s stock.
In related news, insider Cari Soto sold 10,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $79.95, for a total transaction of $799,500.00. Also, Director Christopher Isaac Stone sold 30,000 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $83.83, for a total transaction of $2,514,900.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 333,147 shares of company stock valued at $26,787,203.
BYND has been the topic of a number of research reports. UBS Group started coverage on Beyond Meat in a report on Friday, November 8th. They issued a “neutral” rating and a $85.00 price objective on the stock. Barclays reissued a “buy” rating and set a $185.00 target price on shares of Beyond Meat in a report on Tuesday, October 29th. Zacks Investment Research raised shares of Beyond Meat from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a research report on Wednesday, October 30th. Berenberg Bank began coverage on shares of Beyond Meat in a research report on Thursday, November 14th. They issued a “buy” rating and a $100.00 target price for the company. Finally, JPMorgan Chase & Co. set a $138.00 price target on shares of Beyond Meat and gave the company a “buy” rating in a research note on Tuesday, October 29th. Three 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. Beyond Meat presently has an average rating of “Hold” and an average price target of $113.22.
Shares of NASDAQ BYND opened at $74.65 on Wednesday. The company has a quick ratio of 6.38, a current ratio of 7.46 and a debt-to-equity ratio of 0.06. The business has a fifty day moving average price of $83.34 and a two-hundred day moving average price of $134.30. Beyond Meat has a fifty-two week low of $45.00 and a fifty-two week high of $239.71.
Beyond Meat (NASDAQ:BYND) last released its earnings results on Monday, October 28th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $91.96 million during the quarter, compared to the consensus estimate of $83.35 million. Beyond Meat had a negative return on equity of 5.92% and a negative net margin of 8.42%. Beyond Meat’s revenue was up 250.0% on a year-over-year basis. As a group, equities analysts anticipate that Beyond Meat will post -0.2 EPS for the current fiscal year.
Beyond Meat 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.
See Also: Management Fee
Want to see what other hedge funds are holding BYND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Beyond Meat (NASDAQ:BYND).
Receive News & Ratings for Beyond Meat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beyond Meat and related companies with MarketBeat.com's FREE daily email newsletter.