Beyond Meat (NASDAQ:BYND) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 11,840,000 shares, an increase of 17.2% from the January 15th total of 10,100,000 shares. Approximately 46.4% of the company’s stock are short sold. Based on an average daily trading volume, of 8,360,000 shares, the days-to-cover ratio is presently 1.4 days.

In related news, Director Christopher Isaac Stone sold 20,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $82.01, for a total transaction of $1,640,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Charles Muth sold 4,046 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $75.00, for a total value of $303,450.00. Following the sale, the insider now owns 210,734 shares of the company’s stock, valued at $15,805,050. The disclosure for this sale can be found here. Over the last three months, insiders have sold 82,046 shares of company stock worth $6,909,590.

Several institutional investors and hedge funds have recently bought and sold shares of the company. San Francisco Sentry Investment Group CA raised its position in shares of Beyond Meat by 23.4% in the 4th quarter. San Francisco Sentry Investment Group CA now owns 475 shares of the company’s stock valued at $36,000 after purchasing an additional 90 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its position in Beyond Meat by 1.8% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 5,600 shares of the company’s stock worth $423,000 after purchasing an additional 100 shares during the last quarter. Coastal Investment Advisors Inc. grew its position in Beyond Meat by 45.5% during the 4th quarter. Coastal Investment Advisors Inc. now owns 480 shares of the company’s stock worth $39,000 after purchasing an additional 150 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in Beyond Meat by 37.8% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 551 shares of the company’s stock valued at $42,000 after purchasing an additional 151 shares in the last quarter. Finally, Valeo Financial Advisors LLC acquired a new position in Beyond Meat during the 3rd quarter valued at approximately $30,000. Hedge funds and other institutional investors own 10.65% of the company’s stock.

Several research firms have commented on BYND. Zacks Investment Research lowered shares of Beyond Meat from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Berenberg Bank started coverage on shares of Beyond Meat in a report on Thursday, November 14th. They issued a “buy” rating and a $100.00 price target on the stock. JPMorgan Chase & Co. downgraded shares of Beyond Meat from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $138.00 to $134.00 in a research report on Tuesday, January 28th. They noted that the move was a valuation call. Wells Fargo & Co reduced their price objective on shares of Beyond Meat from $125.00 to $100.00 and set a “market perform” rating for the company in a research note on Tuesday, October 29th. They noted that the move was a valuation call. Finally, Bank of America decreased their target price on shares of Beyond Meat from $150.00 to $122.00 and set a “neutral” rating for the company in a research report on Tuesday, October 29th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $112.84.

NASDAQ BYND traded up $4.21 during trading on Friday, hitting $116.22. The company’s stock had a trading volume of 6,950,595 shares, compared to its average volume of 13,726,399. Beyond Meat has a fifty-two week low of $45.00 and a fifty-two week high of $239.71. The company has a debt-to-equity ratio of 0.06, a current ratio of 7.46 and a quick ratio of 6.38. The business’s 50 day simple moving average is $102.45 and its 200-day simple moving average is $118.02.

Beyond Meat Company Profile

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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