Vanguard Personalized Indexing Management LLC Invests $45,000 in Beyond Meat, Inc. $BYND

Vanguard Personalized Indexing Management LLC acquired a new position in shares of Beyond Meat, Inc. (NASDAQ:BYND) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,803 shares of the company’s stock, valued at approximately $45,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Apollon Wealth Management LLC purchased a new position in shares of Beyond Meat during the first quarter worth about $31,000. Chiron Capital Management LLC purchased a new stake in Beyond Meat in the first quarter worth approximately $38,000. Cerity Partners LLC purchased a new stake in Beyond Meat in the first quarter worth approximately $43,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Beyond Meat in the first quarter worth approximately $48,000. Finally, GC Wealth Management RIA LLC purchased a new stake in Beyond Meat in the second quarter worth approximately $49,000. Hedge funds and other institutional investors own 52.48% of the company’s stock.

Beyond Meat Stock Down 17.0%

Shares of Beyond Meat stock opened at $1.81 on Tuesday. The company has a market cap of $719.67 million, a PE ratio of -0.83 and a beta of 2.33. The business has a 50 day moving average of $2.32 and a 200 day moving average of $2.80. Beyond Meat, Inc. has a 52 week low of $0.50 and a 52 week high of $7.69.

Beyond Meat (NASDAQ:BYND) last announced its earnings results on Wednesday, August 6th. The company reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.06). The company had revenue of $74.96 million during the quarter, compared to the consensus estimate of $85.71 million. The firm’s quarterly revenue was down 19.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.53) EPS. On average, research analysts anticipate that Beyond Meat, Inc. will post -2.1 earnings per share for the current year.

Wall Street Analyst Weigh In

BYND has been the subject of several research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Beyond Meat in a research note on Wednesday, October 8th. Mizuho cut their target price on Beyond Meat from $2.00 to $1.50 and set an “underperform” rating for the company in a research note on Friday. Argus lowered Beyond Meat from a “hold” rating to a “sell” rating in a research note on Monday, September 15th. BTIG Research reaffirmed a “neutral” rating on shares of Beyond Meat in a research note on Friday. Finally, JPMorgan Chase & Co. began coverage on Beyond Meat in a research note on Wednesday, August 20th. They issued an “underweight” rating for the company. Two research analysts have rated the stock with a Hold rating and seven have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Strong Sell” and an average target price of $2.08.

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.