Beyond Meat (NASDAQ:BYND) Director Lengerich Bernhard Van Sells 133,147 Shares
Beyond Meat (NASDAQ:BYND) Director Lengerich Bernhard Van sold 133,147 shares of Beyond Meat stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $79.95, for a total transaction of $10,645,102.65.
Beyond Meat stock traded up $0.96 during midday trading on Friday, reaching $79.95. 2,844,600 shares of the stock traded hands, compared to its average volume of 6,445,796. The company has a quick ratio of 7.90, a current ratio of 8.95 and a debt-to-equity ratio of 0.07. The stock has a fifty day moving average price of $120.65. Beyond Meat has a fifty-two week low of $45.00 and a fifty-two week high of $239.71.
Beyond Meat (NASDAQ:BYND) last released its earnings results on Monday, October 28th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $91.96 million during the quarter, compared to the consensus estimate of $83.35 million. The company’s quarterly revenue was up 250.0% on a year-over-year basis. Research analysts expect that Beyond Meat will post -0.2 earnings per share for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sandy Spring Bank bought a new stake in shares of Beyond Meat in the 2nd quarter worth approximately $32,000. Rocky Mountain Advisers LLC purchased a new position in shares of Beyond Meat in the second quarter worth approximately $32,000. Sterling Investment Advisors Ltd. purchased a new position in shares of Beyond Meat in the second quarter worth approximately $32,000. Valeo Financial Advisors LLC purchased a new position in shares of Beyond Meat in the third quarter worth approximately $30,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Beyond Meat in the second quarter worth approximately $40,000. Institutional investors and hedge funds own 9.59% of the company’s stock.
About Beyond Meat
Beyond Meat, Inc, a food company, manufactures, markets, and sells plant-based meat products in the United States and internationally. The company sells its products under the Beyond Beef, Beyond Chicken, The Beyond Burger, Beyond Meat, Beyond Sausage, Eat What You Love, and The Cookout Classic brand names.
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