Price T Rowe Associates Inc. MD Grows Holdings in Beyond Meat, Inc. (NASDAQ:BYND)

Price T Rowe Associates Inc. MD increased its position in shares of Beyond Meat, Inc. (NASDAQ:BYND) by 40.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 48,897 shares of the company’s stock after purchasing an additional 14,048 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.07% of Beyond Meat worth $184,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BYND. Russell Investments Group Ltd. boosted its holdings in Beyond Meat by 305.1% during the fourth quarter. Russell Investments Group Ltd. now owns 7,887 shares of the company’s stock worth $30,000 after purchasing an additional 5,940 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Beyond Meat during the fourth quarter worth about $37,000. Van ECK Associates Corp boosted its holdings in Beyond Meat by 68.8% during the fourth quarter. Van ECK Associates Corp now owns 10,498 shares of the company’s stock worth $39,000 after purchasing an additional 4,280 shares during the last quarter. Ballentine Partners LLC purchased a new position in Beyond Meat in the fourth quarter valued at about $39,000. Finally, Wealthfront Advisers LLC purchased a new position in Beyond Meat in the fourth quarter valued at about $40,000. 52.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BYND has been the topic of a number of research analyst reports. Barclays dropped their target price on shares of Beyond Meat from $3.00 to $2.00 and set an “underweight” rating on the stock in a research note on Thursday, May 8th. BMO Capital Markets dropped their target price on shares of Beyond Meat from $6.00 to $5.00 and set a “market perform” rating on the stock in a research note on Thursday, February 27th.

Beyond Meat Stock Up 12.1%

BYND opened at $2.77 on Friday. The stock has a market cap of $211.82 million, a price-to-earnings ratio of -0.66 and a beta of 2.18. The company’s 50-day moving average price is $2.84 and its two-hundred day moving average price is $3.74. Beyond Meat, Inc. has a twelve month low of $2.23 and a twelve month high of $9.24.

Beyond Meat (NASDAQ:BYND) last announced its quarterly earnings results on Wednesday, May 7th. The company reported ($0.67) EPS for the quarter, missing analysts’ consensus estimates of ($0.52) by ($0.15). The firm’s revenue was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.84) EPS. As a group, sell-side analysts anticipate that Beyond Meat, Inc. will post -2.1 earnings per share for the current year.

About Beyond Meat

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.