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Beyond Meat
(NASDAQ:BYND)
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Rating:43Neutral
Price Target:
$6.50
▼(-54.19% Downside)
Action:Reiterated
Date:09/25/26
The score is held down primarily by weak financial performance—sharp revenue pressure, deeply negative operating margins, and persistent cash burn—alongside bearish technicals with the stock trading well below key moving averages. The earnings call shows some operational progress (better-than-guided revenue, improving margins, and reduced cash usage), but profitability and demand headwinds remain significant. Valuation metrics offer limited support given a negative P/E and no dividend, while corporate events add caution due to the reverse split and legal overhang.
Positive Factors
Material historical debt reduction
The substantial reduction in reported debt versus FY2024 lowers leverage exposure and can improve financial flexibility if operating losses continue to narrow. Although the capital structure remains constrained, this deleveraging reduces one important source of balance-sheet pressure over the next several quarters.
Negative Factors
Persistent revenue and volume declines
Falling revenue and volume indicate that demand has not yet stabilized across the core business, particularly in U.S. retail and foodservice. Continued contraction can weaken scale economics, reduce shelf and menu presence, and make it harder for fixed-cost efficiencies to restore sustainable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Material historical debt reduction
The substantial reduction in reported debt versus FY2024 lowers leverage exposure and can improve financial flexibility if operating losses continue to narrow. Although the capital structure remains constrained, this deleveraging reduces one important source of balance-sheet pressure over the next several quarters.
Read all positive factors
Beyond Meat Key Performance Indicators (KPIs)
Any
Pounds Sold
Measures the total weight of products sold, indicating market demand and the company's ability to scale production and distribution.
Measures the total weight of products sold, indicating market demand and the company's ability to scale production and distribution.
Data provided by:
The Fly
The FlyBeyond Meat (BYND) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$124.56M
Dividend YieldN/A
Average Volume (3M)1.18M
Price to Earnings (P/E)―
Beta (1Y)2.21
Revenue Growth-14.11%
EPS Growth70.22%
CountryUS
Employees589
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)-18.98
Shares Outstanding18,291,410
10 Day Avg. Volume885,556
30 Day Avg. Volume1,175,471
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-1.15K
Price to Sales (P/S)0.46
P/FCF Ratio-0.74
Enterprise Value/Market Cap5.02
Enterprise Value/Revenue2.41
Enterprise Value/Gross Profit130.90
Enterprise Value/Ebitda-5.20
Forecast
1Y Price Target
$12.50Price Target Upside-11.91% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering2
EPS Forecast (FY)-9.47
Revenue Forecast (FY)$245.24M
Beyond Meat Business Overview & Revenue Model
Company Description
Beyond Meat, Inc. specializes in the creation, marketing, and distribution of plant-derived meat alternatives, operating both domestically within the United States and across international markets. The company provides a diverse selection of plant...
How the Company Makes Money
Beyond Meat makes money primarily by selling plant-based protein products to two major customer channels: (1) retail (e.g., grocery and club stores) and (2) foodservice (e.g., restaurants, quick-service restaurants, and other foodservice operators...
Beyond Meat Earnings Call Summary
Earnings Call Date:Aug 05, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 11, 2026
Earnings Call Sentiment Neutral
The call presented a mix of tangible operational progress (revenue above guidance, narrowing year‑over‑year declines, gross margin improvement, meaningful reductions in cash consumption, strong international retail growth, and new product momentum) alongside persistent and material challenges (volume declines, significant U.S. and food service weakness, compressed gross profit, continued adjusted EBITDA losses, China‑exit depreciation drag, and elevated net debt). Management outlined a three‑pillar turnaround plan (invest in Europe/Canada, expand into adjacent nutrition categories, and drive operational efficiency) and multiple concrete actions already underway. Given the comparable weight of positive execution/cash improvements and continued operational/market headwinds, the overall tone is constructive but cautious.Positive Updates
Net Revenues Above Guidance
Net revenues of $68.8M in Q2 2026, approximately $4M above the high end of the company's $60–$65M guidance range, showing sequential progress versus prior quarters.
Negative Updates
Overall Revenue Decline and Channel Weakness
Net revenues declined 8.2% year‑over‑year to $68.8M with pronounced pressure in U.S. retail and food service and global food service; U.S. retail net revenues declined 9.9% to $29.6M and U.S. food service declined 27.6% to $8.0M.
Read all updates
Q2-2026 Updates
Positive
Negative
Net Revenues Above Guidance
Net revenues of $68.8M in Q2 2026, approximately $4M above the high end of the company's $60–$65M guidance range, showing sequential progress versus prior quarters.
Read all positive updates
Company Guidance
Management provided limited forward guidance, reiterating third-quarter net revenues of approximately $60–65 million (after Q2 net revenues of $68.8M, about $4M above the high end of prior guidance); Q2 metrics cited to contextualize that outlook included net revenues down 8.2% YoY (improving from −15.3% in Q1 and −19.7% in Q4 2025), gross margin of 8.5% (benefiting ~5.5–6 pts vs prior quarters but carrying >2 pts of China‑related accelerated depreciation), operating expenses of $36.7M (15% sequential, 19% YoY decline), adjusted EBITDA loss of $27.7M (−40.2% of revenues), net income of $16.4M ($0.03/share) driven by a $57.7M non‑cash debt extinguishment gain, cash & equivalents $186.1M, total debt carrying value $323.8M, YTD net cash used in operating activities $23.2M (quarterly cash consumption excluding financing ≈ $18M, a 44% reduction YoY), and capex $4M for the six months. Management emphasized continued focus on stabilizing U.S. sales, investing in Europe/Canada and adjacencies, driving operational efficiencies, and a goal of returning to cash‑flow‑positive operations despite ongoing uncertainty.Beyond Meat Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
29
Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Mar 2026 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 258.85M | 275.50M | 326.45M | 343.38M | 418.93M | 464.70M |
| Gross Profit | 4.78M | 7.65M | 41.70M | -11.35M | -23.74M | 117.28M |
| EBITDA | -120.28M | 265.90M | -125.50M | -205.53M | -292.93M | -137.48M |
| Net Income | 289.99M | 219.91M | -160.28M | -338.14M | -366.14M | -182.10M |
Balance Sheet | ||||||
| Total Assets | 559.85M | 615.63M | 678.15M | 774.45M | 1.06B | 1.38B |
| Cash, Cash Equivalents and Short-Term Investments | 171.37M | 208.24M | 131.91M | 190.50M | 309.92M | 733.29M |
| Total Debt | 407.81M | 507.97M | 1.22B | 1.22B | 1.19B | 1.16B |
| Total Liabilities | 503.10M | 615.74M | 1.28B | 1.29B | 1.27B | 1.25B |
| Stockholders Equity | 56.76M | -111.00K | -601.21M | -513.37M | -203.55M | 132.50M |
Cash Flow | ||||||
| Free Cash Flow | -126.19M | -172.84M | -109.83M | -118.39M | -393.54M | -437.33M |
| Operating Cash Flow | -113.76M | -160.53M | -98.81M | -107.83M | -320.24M | -301.37M |
| Investing Cash Flow | -8.25M | -10.25M | -6.23M | -9.49M | -87.53M | -147.48M |
| Financing Cash Flow | 178.66M | 239.01M | 45.78M | -550.00K | 276.00K | 1.02B |
Beyond Meat Technical Analysis
Negative
14.19
Price Trends
10.42
Negative
14.94
Negative
19.50
Negative
Market Momentum
-1.14
Negative
29.18
Positive
17.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BYND, the sentiment is Negative. The current price of 14.19 is above the 20-day moving average (MA) of 7.69, above the 50-day MA of 10.42, and below the 200-day MA of 19.50, indicating a bearish trend. The MACD of -1.14 indicates Negative momentum. The RSI at 29.18 is Positive, neither overbought nor oversold. The STOCH value of 17.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BYND.
Beyond Meat Risk Analysis
Beyond Meat disclosed 84 risk factors in its most recent earnings report. Beyond Meat reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Beyond Meat Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
57 Neutral | $972.18M | -4.92 | -12.33% | 3.00% | -4.48% | -250.67% | |
51 Neutral | $407.84M | -2.94 | -3133.06% | ― | 11.40% | 36.08% | |
47 Neutral | $35.26M | -7.64 | -11.36% | ― | 73.26% | -239.94% | |
43 Neutral | $124.56M | -0.36 | -154.97% | ― | -14.11% | 70.22% | |
43 Neutral | $18.29M | -0.06 | -106.47% | ― | -13.23% | 43.34% | |
41 Neutral | $84.62K | -0.03 | -156.40% | ― | -100.00% | 90.28% |
* Consumer Defensive Sector Average
BYND
Beyond Meat
6.82
-78.38
-92.00%
SMPL
Simply Good Foods
10.67
-9.96
-48.28%
HAIN
Hain Celestial
0.20
-1.30
-86.60%
LSF
Laird Superfood
2.98
-2.02
-40.40%
STKH
Steakholder Foods
0.53
-10.96
-95.35%
OTLY
Oatly Group
12.23
-2.76
-18.41%
Beyond Meat Corporate Events
Business Operations and StrategyExecutive/Board Changes
Beyond Meat consolidates leadership as COO role formalized
Neutral
Oct 1, 2026
Beyond Meat announced a series of leadership changes that took effect in 2026, reshaping its senior operations and transformation roles. On September 30, 2026, Brijesh Krishnaswamy began full-time duties as Chief Operating Officer after serving pa...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Beyond Meat Retires Convertible Notes Through Stock Exchange
Neutral
Sep 23, 2026
On September 23, 2026, Beyond Meat, Inc. entered into privately negotiated exchange agreements to retire approximately $15 million of its outstanding 0% Convertible Senior Notes due 2027 in exchange for common stock priced at 96% of face value, wi...
Legal Proceedings
Beyond Meat Damages Reduced in Trademark Dispute Ruling
Negative
Sep 22, 2026
Beyond Meat has been embroiled in a trademark infringement dispute stemming from an April 28, 2022 complaint by Sonate Corporation, doing business as Vegadelphia Foods, in federal court in Orlando, Florida. Sonate alleged that Beyond Meat’s ...
Delistings and Listing ChangesRegulatory Filings and Compliance
Beyond Meat Regains Nasdaq Compliance Amid Ongoing Volatility
Neutral
Sep 1, 2026
On March 4, 2026, Beyond Meat received notice from Nasdaq that its common stock had closed below the $1.00 minimum bid price requirement for 30 consecutive business days, triggering a 180-day grace period to regain compliance by August 31, 2026. O...
Business Operations and StrategyDelistings and Listing ChangesRegulatory Filings and ComplianceStock Split
Beyond Meat Executes Reverse Stock Split to Preserve Listing
Negative
Aug 14, 2026
On August 13, 2026, Beyond Meat implemented a 1-for-30 reverse stock split of its common stock and a proportionate reduction in authorized shares, with the changes becoming effective at 11:59 p.m. Eastern Time and split-adjusted trading on the Nas...
Business Operations and StrategyDelistings and Listing ChangesRegulatory Filings and ComplianceShareholder MeetingsStock Split
Beyond Meat Implements 1-for-30 Reverse Stock Split
Negative
Aug 11, 2026
Beyond Meat said its shareholders approved reverse split authority at a special meeting on November 19, 2025, enabling the board to later choose a 1-for-30 reverse stock split and a matching cut in authorized share counts. The move aligns with the...
Business Operations and StrategyPrivate Placements and Financing
Beyond Meat Amends Notes to Enhance Capital Flexibility
Positive
Aug 10, 2026
On August 10, 2026, Beyond Meat, Inc. amended its existing 2030 convertible senior secured second lien notes indenture through a second supplemental agreement with Wilmington Trust, National Association, as trustee and collateral agent. The amendm...
Business Operations and StrategyExecutive/Board Changes
Beyond Meat Strengthens Leadership With New COO Appointment
Positive
Jul 30, 2026
On July 26, 2026, Beyond Meat appointed industry veteran Brijesh Krishnaswamy as Chief Operating Officer, initially on a part-time basis from August 24, 2026, with full-time duties beginning September 30, 2026, alongside a compensation package fea...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.