Beyond Meat

BYND

Market cap $51.4M

Beyond Meat Inc (NASDAQ:BYND) shares are trading lower Tuesday afternoon after TD Cowen analyst Robert Moskow lowered the firm's price target on the stock to 80 cents from $2, while maintaining a Sell rating. Here's what investors need to know.

In the summer of 2019, the stock eclipsed $239 a share -- its peak price. Since then, the stock has lost more than 99% of its value.

The meat-alternative producer plans to issue new shares after a debt exchange gives it more time to restructure the business.

Once the darling of the plant-based boom, Beyond Meat Inc (NASDAQ:BYND) has gone from market disruptor to market casualty. At its 2019 peak, the company was valued at over $13 billion.

EL SEGUNDO, Calif., Oct. 13, 2025 (GLOBE NEWSWIRE) -- Beyond Meat, Inc. (NASDAQ: BYND) (the “Company” or “Beyond Meat”), a leader in plant-based meat, today announced the early tender results of its previously announced exchange offer (the “Exchange Offer”) to exchange any and all of its 0% Convertible Senior Notes due 2027 (the “Existing Convertible Notes”) for a pro rata portion of (i) up to $202.5 million in aggregate principal amount of its new 7.00% Convertible Senior Secured Second Lien PIK Toggle Notes due 2030 (the “New Convertible Notes”) and (ii) up to 326,190,370 shares of its common stock (the “New Shares” and, together with the New Convertible Notes, the “Offered Securities”).

Shares of Beyond Meat slumped to a record low on Monday after the maker of plant-based meat launched an exchange offer for convertible bonds to cut more than $800 million in debt.

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EL SEGUNDO, Calif., Sept. 29, 2025 (GLOBE NEWSWIRE) -- Beyond Meat, Inc. (NASDAQ: BYND) (the “Company”), a leader in plant-based meat, today announced that it has commenced an exchange offer (the “Exchange Offer”) to exchange any and all of its 0% Convertible Senior Notes due 2027 (the “Existing Convertible Notes”) for a pro rata portion of (i) up to $202.5 million in aggregate principal amount of its new 7.00% Convertible Senior Secured Second Lien PIK Toggle Notes due 2030 (the “New Convertible Notes”) and (ii) up to 326,190,370 shares of its common stock.

Beyond Meat reported a 20% decline in year-over-year net revenues in Q2 2025, coming in at 9% below guidance midpoint. It provided guidance for a 10% to 16% year-over-year decline in Q3 2025 net revenues, but has also badly missed its guidance during the last two quarters. Beyond Meat has made progress with improving gross margins though.

Plant-based meat pioneer Beyond Meat Inc (NASDAQ:BYND) is under financial pressure after reporting a sharp decline in sales and a cash crunch, though the company denied reports it has filed for bankruptcy. According to reports, Beyond Meat is facing a potential Chapter 11 filing following second-quarter 2025 sales that fell nearly 20% year-over-year, highlighting weakness in US retail channels and select international markets.