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Beyond Meat
(NASDAQ:BYND)
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Rating:43Neutral
Price Target:
$0.54
▼(-4.29% Downside)
Action:Reiterated
Date:07/31/26
BYND scores low primarily due to weak financial performance—shrinking revenue, deeply negative operating profitability, persistent cash burn, and a stressed balance sheet with negative equity and meaningful debt. Technicals also weigh heavily, with the stock trading below key moving averages, signaling a sustained downtrend and elevated volatility (high beta). The earnings call adds some support due to improving gross margin, expense cuts, and reduced cash usage, but top-line/volume declines, limited guidance visibility, and leverage/dilution risks keep the overall score depressed.
Positive Factors
Gross margin recovery
A roughly 13.5 percentage-point YoY swing reflects durable cost and mix improvements: lower cost per pound, reduced manufacturing expenses and inventory provisions. If sustained, this structural margin recovery enhances operating leverage and reduces the break-even volume needed for profitability.
Negative Factors
Top-line and volume declines
Sustained revenue and volume deterioration reflects weaker category demand and lost distribution in retail and foodservice. Persistent top-line shrinkage undermines operating leverage, hinders margin recovery and makes fixed-cost absorption and long-term profitability harder without durable reinvigoration of demand or new channel wins.
Read all positive and negative factors
Positive Factors
Negative Factors
Gross margin recovery
A roughly 13.5 percentage-point YoY swing reflects durable cost and mix improvements: lower cost per pound, reduced manufacturing expenses and inventory provisions. If sustained, this structural margin recovery enhances operating leverage and reduces the break-even volume needed for profitability.
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
$291.68M
Dividend YieldN/A
Average Volume (3M)29.35M
Price to Earnings (P/E)―
Beta (1Y)2.23
Revenue Growth-17.09%
EPS Growth53.98%
CountryUS
Employees589
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)-1.09
Shares Outstanding515,342,400
10 Day Avg. Volume28,018,489
30 Day Avg. Volume29,351,953
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$0.55Price Target Upside-1.79% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering2
EPS Forecast (FY)-0.32
Revenue Forecast (FY)$240.79M
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 primarily makes money by selling plant-based meat products to customers across two main channels: retail and foodservice. Retail revenue is generated through the sale of packaged Beyond Meat branded products to grocery and mass retail ...
Beyond Meat Earnings Call Summary
Earnings Call Date:May 06, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 05, 2026
Earnings Call Sentiment Neutral
The call presented a mix of encouraging operational and financial improvements—material gross margin swing, narrower adjusted EBITDA and net loss, lower operating expenses, reduced cash burn, international retail growth, manufacturing efficiency gains and a set of strategic new product initiatives—offset by persistent top‑line pressure (net revenues down 15.3%, volumes down 19.5%), significant declines in food service channels, continued sizeable losses, high debt levels (~$411.6M carrying value) and uncertainty in revenue visibility. Progress on restructuring and product adjacencies is meaningful but the business still faces notable execution and demand headwinds.Positive Updates
Gross Margin Turnaround
Gross profit of ~$2.0M producing a gross margin of 3.4% in Q1 2026 vs a gross margin of -10.1% in Q1 2025 (improvement of ~13.5 percentage points), driven by lower cost per pound, reduced manufacturing expenses and inventory provision improvements.
Negative Updates
Top‑Line Decline and Volume Weakness
Net revenues decreased 15.3% YoY to $58.2M in Q1 2026 from $68.7M, driven primarily by a 19.5% decline in product volume sold due to weak category demand and loss of distribution in U.S. retail and food service.
Read all updates
Q1-2026 Updates
Positive
Negative
Gross Margin Turnaround
Gross profit of ~$2.0M producing a gross margin of 3.4% in Q1 2026 vs a gross margin of -10.1% in Q1 2025 (improvement of ~13.5 percentage points), driven by lower cost per pound, reduced manufacturing expenses and inventory provision improvements.
Read all positive updates
Company Guidance
Management provided limited forward guidance, saying only that second-quarter 2026 net revenues are expected to be approximately $60 million to $65 million; they also said gross margin should trend higher sequentially as Q2 is seasonally higher volume (analyst noted ~10% higher sales base) with less impact from the Q4‑2025 high‑cost inventory flow‑through, and that conversion and COGS have been improving (Ethan cited roughly an 8% improvement). Key Q1 metrics to frame the outlook: net revenues $58.2 million (down 15.3% YoY), volume down 19.5% with net revenue per pound up 5.4%, gross profit ≈ $2.0 million (gross margin 3.4% vs ‑10.1% a year ago), adjusted EBITDA loss $27.8 million (‑47.7% of revenues), net loss $28.5 million ($0.06/share), operating expenses $43.1 million (≈ $14 million YoY reduction), cash and equivalents $205.8 million (quarterly cash use of $11.8 million; net cash used in operations $5.0 million), capex $2.5 million, and total debt carrying value $411.6 million (subsequent conversions of $62.6 million principal into ~52.1 million shares).Beyond Meat Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
18
Very Negative
Cash Flow
20
Very Negative
| Breakdown | Mar 2026 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 275.50M | 326.45M | 343.38M | 418.93M | 464.70M |
| Gross Profit | 7.65M | 41.70M | -11.35M | -23.74M | 117.28M |
| EBITDA | 265.90M | -125.50M | -205.53M | -292.93M | -137.48M |
| Net Income | 219.91M | -160.28M | -338.14M | -366.14M | -182.10M |
Balance Sheet | |||||
| Total Assets | 615.63M | 678.15M | 774.45M | 1.06B | 1.38B |
| Cash, Cash Equivalents and Short-Term Investments | 208.24M | 131.91M | 190.50M | 309.92M | 733.29M |
| Total Debt | 507.97M | 1.22B | 1.22B | 1.19B | 1.16B |
| Total Liabilities | 615.74M | 1.28B | 1.29B | 1.27B | 1.25B |
| Stockholders Equity | -111.00K | -601.21M | -513.37M | -203.55M | 132.50M |
Cash Flow | |||||
| Free Cash Flow | -172.84M | -109.83M | -118.39M | -393.54M | -437.33M |
| Operating Cash Flow | -160.53M | -98.81M | -107.83M | -320.24M | -301.37M |
| Investing Cash Flow | -10.25M | -6.23M | -9.49M | -87.53M | -147.48M |
| Financing Cash Flow | 239.01M | 45.78M | -550.00K | 276.00K | 1.02B |
Beyond Meat Technical Analysis
Neutral
0.56
Price Trends
0.68
Negative
0.73
Negative
0.90
Negative
Market Momentum
-0.04
Negative
48.11
Neutral
58.43
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BYND, the sentiment is Neutral. The current price of 0.56 is below the 20-day moving average (MA) of 0.60, below the 50-day MA of 0.68, and below the 200-day MA of 0.90, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 48.11 is Neutral, neither overbought nor oversold. The STOCH value of 58.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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% | |
58 Neutral | $45.78M | -23.85 | -5.35% | ― | 15.84% | -45.39% | |
57 Neutral | $900.53M | -4.69 | -12.33% | ― | -4.48% | -250.67% | |
51 Neutral | $464.94M | -3.58 | -3133.06% | ― | 11.40% | 36.08% | |
45 Neutral | $44.98M | -0.09 | -140.70% | ― | -10.00% | -98.14% | |
43 Neutral | $291.68M | -0.52 | -65.94% | ― | -17.09% | 53.98% | |
42 Neutral | $1.42M | -0.69 | -90.34% | ― | -100.00% | 63.07% |
* Consumer Defensive Sector Average
BYND
Beyond Meat
0.61
-2.42
-79.80%
SMPL
Simply Good Foods
11.32
-19.34
-63.08%
HAIN
Hain Celestial
0.50
-1.02
-66.84%
LSF
Laird Superfood
3.97
-2.96
-42.71%
STKH
Steakholder Foods
2.78
-18.33
-86.83%
OTLY
Oatly Group
14.98
-1.55
-9.40%
Beyond Meat Corporate Events
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...
Business Operations and StrategyRegulatory Filings and Compliance
Beyond Meat Explores Amendments to Convertible Debt Indenture
Neutral
Jul 18, 2026
On July 17, 2026, Beyond Meat, Inc. disclosed that it is in private talks with certain holders of its 7.00% Convertible Senior Secured Second Lien PIK Toggle Notes due 2030 about amending the governing indenture. The proposed changes would ease re...
Business Operations and StrategyPrivate Placements and Financing
Beyond Meat Issues Warrants in New Big Geyser Deal
Positive
Jun 25, 2026
On June 22, 2026, Beyond Meat entered into two warrant agreements with distributor Big Geyser, issuing Tranche 1 and Tranche 2 warrants in a private placement exempt from Securities Act registration. The Tranche 1 warrant allows Big Geyser to purc...
Executive/Board ChangesPrivate Placements and Financing
Beyond Meat Director Raphael Wallander Resigns From Board
Neutral
Jun 3, 2026
On May 28, 2026, Raphael Thomas Wallander resigned from Beyond Meat, Inc.’s board of directors, where he served as a Class III director and member of the Human Capital Management and Compensation Committee. Wallander had been appointed to th...
Executive/Board ChangesShareholder Meetings
Beyond Meat Investors Reject Executive Pay at 2026 Meeting
Negative
May 21, 2026
Beyond Meat held its 2026 Annual Meeting of Stockholders on May 20, 2026, where shareholders elected Class I directors Seth Goldman, Kathy N. Waller, and Alexandre Zyngier to serve on the board until the 2029 annual meeting. Stockholders also rati...
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.