Nisa Investment Advisors LLC Raises Stock Position in Beyond Meat, Inc. (NASDAQ:BYND)

Nisa Investment Advisors LLC grew its holdings in Beyond Meat, Inc. (NASDAQ:BYND) by 16,921.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 124,260 shares of the company’s stock after buying an additional 123,530 shares during the period. Nisa Investment Advisors LLC owned approximately 0.16% of Beyond Meat worth $379,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Millennium Management LLC grew its stake in shares of Beyond Meat by 73.8% in the 4th quarter. Millennium Management LLC now owns 619,957 shares of the company’s stock worth $2,331,000 after buying an additional 263,337 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Beyond Meat by 305.1% in the fourth quarter. Russell Investments Group Ltd. now owns 7,887 shares of the company’s stock valued at $30,000 after acquiring an additional 5,940 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Beyond Meat in the fourth quarter valued at $37,000. ExodusPoint Capital Management LP purchased a new stake in shares of Beyond Meat in the fourth quarter valued at $233,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Beyond Meat by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 527,056 shares of the company’s stock valued at $1,982,000 after acquiring an additional 4,162 shares during the period. 52.48% of the stock is owned by hedge funds and other institutional investors.

Beyond Meat Price Performance

Shares of NASDAQ BYND opened at $3.34 on Thursday. The stock has a market capitalization of $255.41 million, a P/E ratio of -1.46 and a beta of 2.19. Beyond Meat, Inc. has a 1-year low of $2.23 and a 1-year high of $9.24. The business has a fifty day moving average price of $3.17 and a 200 day moving average price of $3.31.

Beyond Meat (NASDAQ:BYND) last announced its earnings results on Wednesday, May 7th. The company reported ($0.67) earnings per share for the quarter, missing the consensus estimate of ($0.52) by ($0.15). During the same period in the previous year, the firm posted ($0.84) earnings per share. The firm’s revenue for the quarter was down 9.1% on a year-over-year basis. As a group, equities research analysts anticipate that Beyond Meat, Inc. will post -2.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Barclays reduced 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.

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.