Zurcher Kantonalbank Zurich Cantonalbank Buys 5,419 Shares of Beyond Meat, Inc. (NASDAQ:BYND)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Beyond Meat, Inc. (NASDAQ:BYND) by 16.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,901 shares of the company’s stock after purchasing an additional 5,419 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.06% of Beyond Meat worth $257,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Canada Pension Plan Investment Board bought a new stake in shares of Beyond Meat during the 2nd quarter worth approximately $41,000. Intech Investment Management LLC bought a new stake in Beyond Meat during the third quarter worth $128,000. Headlands Technologies LLC bought a new position in shares of Beyond Meat in the 2nd quarter valued at $177,000. The Manufacturers Life Insurance Company raised its holdings in shares of Beyond Meat by 17.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 26,469 shares of the company’s stock worth $178,000 after buying an additional 3,902 shares in the last quarter. Finally, MUFG Securities EMEA plc lifted its position in shares of Beyond Meat by 29.8% during the 2nd quarter. MUFG Securities EMEA plc now owns 27,413 shares of the company’s stock worth $184,000 after buying an additional 6,300 shares during the last quarter. 52.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Mizuho decreased their target price on Beyond Meat from $6.00 to $5.00 and set an “underperform” rating on the stock in a research report on Monday, August 26th. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $5.50.

Beyond Meat Stock Up 1.3 %

Shares of BYND stock opened at $4.55 on Monday. Beyond Meat, Inc. has a twelve month low of $4.46 and a twelve month high of $12.12. The stock’s fifty day simple moving average is $5.81 and its 200 day simple moving average is $6.28. The firm has a market capitalization of $296.66 million, a P/E ratio of -1.09 and a beta of 2.22.

Beyond Meat (NASDAQ:BYND) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.41) earnings per share for the quarter, topping the consensus estimate of ($0.44) by $0.03. The firm had revenue of $81.01 million for the quarter, compared to the consensus estimate of $80.13 million. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the firm posted ($1.09) earnings per share. As a group, equities research analysts expect that Beyond Meat, Inc. will post -2.09 EPS for the current fiscal year.

Beyond Meat Profile

Beyond Meat, Inc, a plant-based meat company, develops, manufactures, markets, and sells plant-based meat products in the United States and internationally. The company sells a range of plant-based meat products across the platforms of beef, pork, and poultry. It sells its products through grocery, mass merchandiser, club stores, and natural retailer channels, as well as various food-away-from-home channels, including restaurants, foodservice outlets, and schools.