Beyond Meat (NASDAQ:BYND) Trading 3.5% Higher – What’s Next?

Beyond Meat, Inc. (NASDAQ:BYNDGet Free Report)’s stock price rose 3.5% on Monday . The stock traded as high as $0.7359 and last traded at $0.72. Approximately 35,130,298 shares changed hands during trading, an increase of 5% from the average daily volume of 33,313,396 shares. The stock had previously closed at $0.6956.

Trending Headlines about Beyond Meat

Here are the key news stories impacting Beyond Meat this week:

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Beyond Meat in a report on Wednesday, January 21st. Two analysts have rated the stock with a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Strong Sell” and an average target price of $1.70.

Read Our Latest Research Report on BYND

Beyond Meat Price Performance

The company has a fifty day moving average of $0.79 and a 200-day moving average of $1.31. The firm has a market capitalization of $326.65 million, a PE ratio of -0.22 and a beta of 2.61.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BYND. UBS Group AG raised its stake in shares of Beyond Meat by 674.8% during the 4th quarter. UBS Group AG now owns 9,788,528 shares of the company’s stock worth $8,027,000 after purchasing an additional 8,525,183 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Beyond Meat by 445.0% in the 4th quarter. Geode Capital Management LLC now owns 9,927,157 shares of the company’s stock valued at $8,142,000 after buying an additional 8,105,718 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Beyond Meat by 497.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,383,511 shares of the company’s stock worth $2,774,000 after buying an additional 2,816,778 shares during the last quarter. GMT Capital Corp acquired a new position in Beyond Meat in the second quarter worth approximately $5,046,000. Finally, Vontobel Holding Ltd. raised its position in Beyond Meat by 38.0% during the third quarter. Vontobel Holding Ltd. now owns 2,917,994 shares of the company’s stock valued at $5,515,000 after acquiring an additional 804,125 shares in the last quarter. 52.48% of the stock is owned by institutional investors and hedge funds.

About Beyond Meat

(Get Free Report)

Beyond Meat, Inc (NASDAQ: BYND) develops, manufactures and sells plant-based meat substitutes designed to replicate the taste, texture and appearance of animal-based proteins. Since its founding in 2009 by Ethan Brown and initial public offering in 2019, the company has focused on leveraging proprietary technology and ingredient blends to produce a suite of products that cater to both retail and foodservice channels. Beyond Meat’s mission centers on offering more sustainable protein options by reducing reliance on livestock farming and its associated environmental footprint.

The company’s product portfolio includes Beyond Burger, Beyond Sausage, Beyond Beef and Beyond Chicken, each formulated to appeal to a broad range of consumers seeking meat alternatives without compromising on flavor or cooking versatility.

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