
Plant-based company Beyond Meat’s share price has been on a rollercoaster ride over the last week – short sellers, meme stocks, and a Walmart deal are all at play.
On Thursday, October 16, Beyond Meat’s share price crashed to an all-time low of 50 cents on Nasdaq, valuing the company at just $19M. Six days later, the plant-based burger maker was worth $3.5B.
That was courtesy of a more than 1,000% climb, which sent the Californian firm’s stock soaring to a high of $7.69 on Wednesday, before finishing the day at $3.58.
The rapid and volatile shift has kept Beyond Meat’s name in the headlines all week long, amid a backdrop of a sales slowdown that has forced the company to quit certain markets, conduct layoffs, restructure its debt, and deny rumours of a bankruptcy filing.
How Beyond Meat entered meme-stock territory

The momentum for Beyond Meat’s rally began last week on Reddit, when Dubai-based real estate developer Dimitri Seminikhin (who goes by Capybara Stocks on social media), fuelled a large volume of purchases. He told Business Insider that he bought 4% of the company’s stock and felt the company’s recent debt swap deal is a better sign than what most investors have made it out to be.
He added that he saw the company’s recent moves – which include appointing a corporate restructuring consultant as interim chief transformation officer to become EBITDA-positive within the second half of 2026 – as buying time for growth or an acquisition. Seminikhin also said he wasn’t concerned about the declining sales of plant-based meat in the US.
What ensued has been compared to previous rallies of meme stocks like GameStop – in 2021, a trader rallied a group of online traders to send its stock price skyrocketing. Meme stocks are so called because they gain popularity based on social media hype, rather than a business’s financial performance.
The gains continued on Monday after Roundhill Investments added Beyond Meat to its Meme Stock ETF (exchange-traded fund), which helped fuel a short-squeeze. This phenomenon occurs when investors who bet against the company, by selling borrowed stock in hopes of buying it back on the cheap later, are forced to rush that process to protect themselves from losing more money.
Then, on Tuesday, the company announced an expanded distribution deal with Walmart, making its chicken pieces, Korean BBQ-style steak, and burger six-packs available at over 2,000 of the retailer’s stores nationwide. That got investors excited further, with Beyond Meat’s stock price closing at $3.62, its highest in nearly three months.
Still, the firm is very much in the weeds, with demand weakening and its stock price a far cry from the high of $234.90 in 2019, its debut year on the Nasdaq stock exchange.
Beyond Meat’s recent moves exhibit ‘road to profitability’

The BYND stock’s rollercoaster journey on the capital market comes amid a testing period for plant-based meat’s poster child.
The firm recorded its lowest quarterly revenue in Q1 2025, reaching $69M and it secured $100M in debt financing from Unprocessed Foods, a subsidiary of Ahimsa Foundation, a non-profit advancing plant-based diets. In the ensuing three months, Beyond Meat’s sales fell by 20% compared to the year-ago period.
In February, it announced that it would lay off 9% of its global workforce, or 64 employees, which included all its staff in China, where it has suspended operations. And in August, it said it would let go of 44 employees in North America, though it isn’t clear if this is part of the same job cuts as above, or an additional round of layoffs.
The stock has been declining steadily, and the crash accelerated last month, when Beyond Meat proposed an exchange offer for convertible bonds to eliminate over $800M of debt. The company’s current debt amounts to $1.15B, thanks to 0% convertible notes that will mature in 2027.
Under its proposal, these would be swapped for higher-interest 7% notes that are due in 2030, plus stock shares. The firm needed 85% of its holders to agree to this by the end of October, but 97% did so by last week, which took the stock to an all-time low.
This is the action Seminikhin is bullish about. Speaking to Business Insider, he outlined his thesis of investing in the company: a “fundamentally misunderstood” conversion event, a technical setup leading to a short squeeze, and a strong balance sheet and book value post-conversion”.
Beyond Meat’s recent move to move, well, beyond meat and spotlight traditional plant proteins was also praised by the online trader. The company this week launched Beyond Test Kitchen, a marketplace where it’s selling limited-edition drops of new products, including a four-ingredient Beyond Ground and a whole-cut mycelium steak.
“For the first time in a long time for Beyond Meat, there’s a road to profitability and growth that’s being written,” said Seminikhin.
The post Meme Stocks & Walmart: What’s Going On with Beyond Meat’s Share Price? appeared first on Green Queen.
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