SG Americas Securities LLC Has $3.62 Million Stock Holdings in Beyond Meat, Inc. (NASDAQ:BYND)

SG Americas Securities LLC increased its position in shares of Beyond Meat, Inc. (NASDAQ:BYND) by 5,060.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,187,011 shares of the company’s stock after buying an additional 1,164,007 shares during the quarter. SG Americas Securities LLC owned about 1.55% of Beyond Meat worth $3,620,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake in Beyond Meat by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 527,056 shares of the company’s stock worth $1,982,000 after buying an additional 4,162 shares during the period. Van ECK Associates Corp raised its stake in Beyond Meat by 68.8% during the 4th quarter. Van ECK Associates Corp now owns 10,498 shares of the company’s stock worth $39,000 after buying an additional 4,280 shares during the period. ProShare Advisors LLC raised its stake in Beyond Meat by 49.1% during the 4th quarter. ProShare Advisors LLC now owns 16,825 shares of the company’s stock worth $63,000 after buying an additional 5,537 shares during the period. Russell Investments Group Ltd. raised its stake in Beyond Meat by 305.1% during the 4th quarter. Russell Investments Group Ltd. now owns 7,887 shares of the company’s stock worth $30,000 after buying an additional 5,940 shares during the period. Finally, Intech Investment Management LLC raised its stake in Beyond Meat by 35.6% during the 4th quarter. Intech Investment Management LLC now owns 25,656 shares of the company’s stock worth $96,000 after buying an additional 6,731 shares during the period. 52.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on BYND. BMO Capital Markets dropped their price target on Beyond Meat from $6.00 to $5.00 and set a “market perform” rating on the stock in a research note on Thursday, February 27th. Barclays dropped their price target on Beyond Meat from $3.00 to $2.00 and set an “underweight” rating on the stock in a research note on Thursday, May 8th.

Beyond Meat Trading Down 3.4%

Shares of Beyond Meat stock opened at $3.16 on Friday. The stock has a fifty day simple moving average of $2.79 and a 200 day simple moving average of $3.42. Beyond Meat, Inc. has a 12-month low of $2.23 and a 12-month high of $9.24. The company has a market capitalization of $241.65 million, a P/E ratio of -0.76 and a beta of 2.15.

Beyond Meat (NASDAQ:BYND) last announced its quarterly earnings results on Wednesday, May 7th. The company reported ($0.67) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.52) by ($0.15). During the same period last year, the company posted ($0.84) earnings per share. The business’s revenue for the quarter was down 9.1% compared to the same quarter last year. On average, analysts predict that Beyond Meat, Inc. will post -2.1 EPS for the current year.

Beyond Meat Company 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.