NEW YORK, August 11, 2026, 17:18 EDT
- Beyond Meat closed at $0.4176, down 19.7%, on 142.1 million shares.
- The 1-for-30 reverse split becomes effective August 13 at 23:59 EDT.
- Split-adjusted trading starts August 14, leaving 12 regular sessions through Nasdaq’s August 31 deadline.
Beyond Meat, Inc. NASDAQ:BYND shares fell 19.7% Tuesday, the day the plant-protein company announced a 1-for-30 reverse split. The stock closed at $0.4176. At that price, the split would produce a theoretical $12.53 share price before market moves.
The calendar is the sharper investor angle. Split-adjusted trading begins August 14, only 12 regular sessions before the August 31 compliance date. Nasdaq requires at least 10 consecutive closes at $1 or more.
| Split and listing metric | Before split | After 1-for-30 | Investor read |
|---|---|---|---|
| Reference share price | $0.4176 | $12.528 theoretical | No economic value created |
| Nasdaq minimum bid | $1.00 | $1.00 | 12.5 times theoretical price buffer |
| Authorized common shares | 3.0 billion | 100 million | Reduced in the same 30-to-1 ratio |
| Common shares held | 30 | 1 | Ownership percentage broadly unchanged |
The transaction changes the unit count, not the company’s value. Ownership and voting power remain proportionally unchanged, apart from rounding. Beyond Meat will round fractional entitlements up to whole shares under specified procedures.
Chief Executive Ethan Brown called the split an “important step toward maintaining our Nasdaq listing.” The new CUSIP is 08862E307, while the ticker remains BYND. Company release
| Date | Close | Daily move | Volume |
|---|---|---|---|
| August 5 | $0.6100 | -3.8% | 28.8 million |
| August 6 | $0.5280 | -13.4% | 72.2 million |
| August 10 | $0.5200 | -3.3% | 36.5 million |
| August 11 | $0.4176 | -19.7% | 142.1 million |
The market reaction was severe. BYND has lost 34.1% since its August 4 close. Tuesday’s $0.41 intraday low also marked a new 52-week trough, according to Yahoo market data.
Operations offer one counterweight. Second-quarter revenue reached $68.8 million, above the $62.4 million LSEG estimate. The company guided third-quarter revenue to $60 million to $65 million. Its $62.5 million midpoint sits only 0.5% above the $62.2 million consensus.
| Second-quarter metric | 2026 | 2025 | Change |
|---|---|---|---|
| Net revenue | $68.8 million | $75.0 million | -8.2% |
| Gross margin | 8.5% | 10.6% | -2.1 points |
| Operating loss | $30.8 million | $37.5 million | $6.7 million narrower |
| Adjusted EBITDA loss | $27.7 million | $24.7 million | $3.0 million wider |
The mix remains uneven. U.S. revenue fell 14.4% to $37.6 million. International retail grew 16.5% to $18.5 million, but international foodservice dropped 16.0%.
Liquidity improved, though leverage still matters. Cash, including restricted cash, was $186.1 million. Debt carrying value stood at $323.8 million. First-half operating cash use fell to $23.2 million from $58.0 million.
| Analyst recommendation measure | Current reading | Pre-split target | Mechanical post-split equivalent |
|---|---|---|---|
| Consensus rating | Strong Sell | — | Unchanged by split |
| Buy / Hold / Sell | 0 / 3 / 6 | — | Unchanged by split |
| Average target | 9 analysts | $0.83 | $24.90 |
| Target range | Low to high | $0.50-$1.00 | $15.00-$30.00 |
That distinction matters. Analyst targets will need per-share adjustment, but ratings do not improve mechanically. The split also leaves debt, cash burn and product demand unchanged.
The week ahead has two fixed markers. The split becomes effective late Thursday. Friday’s close starts the potential compliance streak, with the tenth straight session arriving August 27.
Risks: A reverse split may restore bid-price compliance, but it cannot repair declining revenue or negative adjusted EBITDA. Thin post-split liquidity may also amplify volatility. Nasdaq can still assess other listing standards.
For investors, the immediate hurdle is mechanical and visible. The harder question remains whether international retail growth can outrun U.S. weakness before liquidity tightens again.
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