Virtu Financial LLC Makes New $56,000 Investment in Beyond Meat, Inc. (NASDAQ:BYND)

Virtu Financial LLC acquired a new stake in shares of Beyond Meat, Inc. (NASDAQ:BYND) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 14,848 shares of the company’s stock, valued at approximately $56,000.

Other institutional investors have also recently made changes to their positions in the company. Intech Investment Management LLC raised its stake in Beyond Meat by 35.6% in the fourth quarter. Intech Investment Management LLC now owns 25,656 shares of the company’s stock valued at $96,000 after buying an additional 6,731 shares during the last quarter. Wealthfront Advisers LLC acquired a new position in shares of Beyond Meat during the fourth quarter valued at about $40,000. Raymond James Financial Inc. purchased a new position in shares of Beyond Meat in the 4th quarter valued at approximately $49,000. Charles Schwab Investment Management Inc. boosted its stake in Beyond Meat by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 527,056 shares of the company’s stock worth $1,982,000 after purchasing an additional 4,162 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in Beyond Meat during the 4th quarter worth approximately $382,000. Institutional investors and hedge funds own 52.48% of the company’s stock.

Analyst Ratings Changes

BYND has been the subject of several research reports. Barclays lowered their price objective on shares of Beyond Meat from $4.00 to $3.00 and set an “underweight” rating for the company in a research note on Thursday, February 27th. BMO Capital Markets lowered their price target on Beyond Meat from $6.00 to $5.00 and set a “market perform” rating for the company in a research report on Thursday, February 27th. Four equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. According to data from MarketBeat, Beyond Meat presently has a consensus rating of “Reduce” and a consensus target price of $4.92.

Beyond Meat Price Performance

Shares of Beyond Meat stock opened at $3.05 on Tuesday. The stock has a market cap of $232.20 million, a PE ratio of -0.73 and a beta of 2.36. The firm has a fifty day moving average price of $3.65 and a 200 day moving average price of $4.67. Beyond Meat, Inc. has a 1 year low of $2.86 and a 1 year high of $10.31.

Beyond Meat (NASDAQ:BYND) last released its quarterly earnings data on Wednesday, February 26th. The company reported ($0.65) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.21). The business had revenue of $76.66 million during the quarter, compared to analyst estimates of $76.08 million. As a group, equities analysts expect that Beyond Meat, Inc. will post -2.1 EPS for the current 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.