Why Beyond Meat (BYND) Stock Hit A New All-Time Low Today

Core Viewpoint - Beyond Meat Inc's stock is experiencing significant downward pressure following a debt restructuring plan that will dilute shareholders and a downgrade in price target by TD Cowen analyst Robert Moskow from $2 to 80 cents while maintaining a Sell rating [1][2]. Group 1: Stock Performance - Beyond Meat shares closed down 24.56% at 78 cents, nearing its 52-week low of 77 cents [4]. - The stock has been under pressure due to poor performance in the plant-based meat market, with a reported 19.6% year-over-year decrease in net revenue in the second quarter [3]. Group 2: Debt Restructuring Plan - The company has reached an agreement with a majority of its creditors to swap convertible notes due in 2027 for new ones due in 2030, which aims to reduce debt by over $800 million [2][3]. - The restructuring plan includes the issuance of up to 326 million new shares of common stock, significantly diluting existing shareholders [2]. Group 3: Market Sentiment - Reflecting the stock's recent sharp decline, Beyond Meat has a low Momentum score of 1.78 according to Benzinga Edge rankings [3].