Sterling Investment Advisors Ltd. purchased a new position in shares of Beyond Meat (NASDAQ:BYND) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 200 shares of the company’s stock, valued at approximately $32,000.

A number of other large investors have also added to or reduced their stakes in BYND. Atalanta Sosnoff Capital LLC bought a new position in Beyond Meat during the second quarter worth about $6,571,000. Commerzbank Aktiengesellschaft FI bought a new position in Beyond Meat during the second quarter worth about $4,468,000. SG Americas Securities LLC bought a new position in Beyond Meat during the second quarter worth about $3,125,000. Wells Fargo & Company MN bought a new position in Beyond Meat during the second quarter worth about $1,557,000. Finally, DekaBank Deutsche Girozentrale bought a new position in Beyond Meat during the second quarter worth about $1,083,000. 2.69% of the stock is currently owned by institutional investors and hedge funds.

BYND has been the topic of a number of recent research reports. Goldman Sachs Group initiated coverage on shares of Beyond Meat in a research report on Monday, May 27th. They set a “neutral” rating and a $67.00 price target on the stock. JPMorgan Chase & Co. raised shares of Beyond Meat from a “neutral” rating to an “overweight” rating and raised their target price for the company from $188.00 to $189.00 in a report on Tuesday, August 20th. Credit Suisse Group raised their target price on shares of Beyond Meat from $70.00 to $125.00 and gave the company a “neutral” rating in a report on Tuesday, July 9th. Bank of America raised their target price on shares of Beyond Meat from $170.00 to $182.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, William Blair initiated coverage on shares of Beyond Meat in a report on Tuesday, May 28th. They issued a “market perform” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $134.67.

BYND stock traded down $4.14 during mid-day trading on Friday, hitting $146.85. The stock had a trading volume of 1,877,947 shares, compared to its average volume of 7,729,812. The company has a quick ratio of 7.90, a current ratio of 8.95 and a debt-to-equity ratio of 0.07. Beyond Meat has a 52 week low of $45.00 and a 52 week high of $239.71. The stock’s fifty day moving average is $172.58.

Beyond Meat (NASDAQ:BYND) last announced its quarterly earnings results on Monday, July 29th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.09. The company had revenue of $67.25 million for the quarter, compared to the consensus estimate of $50.94 million. Equities analysts predict that Beyond Meat will post -0.24 EPS for the current year.

In related news, Director Diane Carhart sold 9,069 shares of Beyond Meat stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $160.00, for a total transaction of $1,451,040.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Charles Muth sold 24,574 shares of Beyond Meat stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $160.00, for a total transaction of $3,931,840.00. The disclosure for this sale can be found here. Insiders have sold a total of 821,957 shares of company stock worth $127,169,948 over the last ninety days.

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

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