IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 77,497 Shares of Beyond Meat, Inc. (NASDAQ:BYND)

IQ EQ FUND MANAGEMENT IRELAND Ltd lessened its stake in Beyond Meat, Inc. (NASDAQ:BYND) by 12.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 547,899 shares of the company’s stock after selling 77,497 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd owned 0.84% of Beyond Meat worth $2,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Intech Investment Management LLC bought a new stake in Beyond Meat during the 3rd quarter valued at about $128,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Beyond Meat by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 522,894 shares of the company’s stock valued at $3,545,000 after buying an additional 7,332 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Beyond Meat by 16.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,901 shares of the company’s stock worth $257,000 after acquiring an additional 5,419 shares during the last quarter. Ballentine Partners LLC bought a new position in Beyond Meat in the 4th quarter valued at approximately $39,000. Finally, Zweig DiMenna Associates LLC bought a new position in Beyond Meat in the 4th quarter valued at approximately $1,746,000. Institutional investors own 52.48% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on BYND shares. BMO Capital Markets lowered their price target on Beyond Meat from $6.00 to $5.00 and set a “market perform” rating on the stock in a report on Thursday, February 27th. Barclays reduced their price objective on Beyond Meat from $4.00 to $3.00 and set an “underweight” rating for the company in a report on Thursday, February 27th. Four analysts have rated the stock with a sell rating and two have given a hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $4.92.

Beyond Meat Stock Performance

Beyond Meat stock opened at $3.24 on Thursday. Beyond Meat, Inc. has a one year low of $2.86 and a one year high of $10.31. The stock has a fifty day moving average of $3.71 and a 200 day moving average of $4.75. The stock has a market cap of $246.66 million, a PE ratio of -0.78 and a beta of 2.36.

Beyond Meat (NASDAQ:BYND) last released its quarterly earnings results on Wednesday, February 26th. The company reported ($0.65) EPS for the quarter, missing the consensus estimate of ($0.44) by ($0.21). The firm had revenue of $76.66 million for the quarter, compared to analysts’ expectations of $76.08 million. As a group, sell-side analysts predict that Beyond Meat, Inc. will post -2.1 EPS for the current fiscal year.

About Beyond Meat

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.