Beyond Meat (NASDAQ:BYND) Shares Up 3.5% – Here’s What Happened

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

Key Beyond Meat News

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Beyond Meat in a research note on Wednesday, January 21st. Two investment analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Strong Sell” and a consensus target price of $1.70.

View Our Latest Research Report on Beyond Meat

Beyond Meat Trading Up 1.3%

The business has a 50-day moving average of $0.78 and a two-hundred day moving average of $1.29. The firm has a market cap of $315.67 million, a P/E ratio of -0.22 and a beta of 2.62.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. UBS Group AG raised its holdings in Beyond Meat by 674.8% in the 4th quarter. UBS Group AG now owns 9,788,528 shares of the company’s stock valued at $8,027,000 after buying an additional 8,525,183 shares during the last quarter. Geode Capital Management LLC increased its position in 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 acquiring an additional 8,105,718 shares during the period. Charles Schwab Investment Management Inc. increased its position in Beyond Meat by 497.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,383,511 shares of the company’s stock valued at $2,774,000 after acquiring an additional 2,816,778 shares during the period. GMT Capital Corp bought a new position in shares of Beyond Meat during the second quarter valued at $5,046,000. Finally, Vontobel Holding Ltd. raised its stake in shares of 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 during the last quarter. Institutional investors and hedge funds own 52.48% of the company’s stock.

Beyond Meat Company Profile

(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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