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Is Beyond Meat Stock A Buying Opportunity As It Nears All-Time Lows?

May 24, 2023 11:00 AM ETBeyond Meat, Inc. (BYND)9 Comments
Philip MacKellar profile picture
Philip MacKellar


  • Beyond Meat is trading near its all-time lows.
  • The stock’s journey since going public in 2019 has been tumultuous.
  • BYND’s fundamentals are poor, with weak financials, substantial net insider selling, and a high short interest.
  • The outlook is improving, but the challenges are huge.
  • Beyond Meat remains speculative; bankruptcy, dilution, or further valuation compression are all possibilities.

Beyond Meat"s Fortunes Decline Amid Fierce Competition And Consumer Sentiment

Joe Raedle


Beyond Meat, Inc. (NASDAQ:BYND) is a plant-based meat company that manufactures and markets meat-free alternatives to beef, pork, and poultry. The organization sells its products in countries around the world and has well-established relationships with restaurants and grocers. Though the

This article was written by

Philip MacKellar profile picture
Philip MacKellar is an analyst, portfolio manager, and investor at Contra the Heard Investment Newsletter. He has been with the company since 2011 and has been investing since 2004. The newsletter’s primary focus is on contrarian and value-oriented investment opportunities traded in the United States and Canada. In addition, Philip sometimes engages in M&A, other special situations, and holds bonds, preferred shares, and convertible securities. Contra the Heard is a Toronto based company and was founded in 1995. Philip also blogs about personal finance topics on his own website called mymoneymoves.ca in his free time. You can also follow Philip at the Globe & Mail, on Twitter @Rallekcam, and catch him on YouTube at Contra the Heard.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (9)

TommyIrish profile picture
“The outlook for 2023 calls for sales to contract between 1% and 10%, but management thinks operating cash flows will be positive in the second half of the year.”

Anyone believing a single word?

Not a good student of history!

Time to move to the great Beyond…
I would not waste your money on this company. They are in bad termoral inside the company and falling apart. Bad people running the company now.
Thought to buy the burger but it is expensive.

Good commentary.
Price is low enough the stock could move either direction in the short term, but without a material change in business operations or a white knight, the trend is your friend and the trend is down long term. Declining revenues is not a good sign for a company that needs to grow to profitability.
doctorslernon profile picture
Company is bleeding cash all over the place and had to do the ATM to avoid going bankrupt by the end of 23/start of 24. I fail to see how that improves but somehow this company continues to be valued at over $700 million. At best it should be 1x P/S which would get the market cap to ~$400 million. At $5-6 maybe this is ok if they do turn things around. I think this is one of the worst companies on the market right now and will likely continue to bleed out huge sums of cash. Avoid at all costs.
@doctorslernon And it's a terrible product that few want, loaded with carbs. Beef....it's what's for dinner.
@prunehead Beyond offers several GREAT vegan products....steak tips, vegan burger, sausage patties, crumbles. As with all food companies, some products you like/love and some you don't (its sausage links come to mind). No different with Beyond.
Dividend Seeking Gal profile picture
@prunehead It's not food! A cauldron of synthetic toxic unhealthy chemicals, and soy GMO, wonder how much "roundup" pesticides are in this. Consumers are rejecting Fake foods and will continue to do so.plus the tumor cell grown fake meat. Folks won't be swindled by the push for Great Reset fake foods the elites wont eat.
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