Wall Street has no appetite for Beyond Meat (NASDAQ: BYND) stock these days. Its shares plunged over the past year as the plant-based protein specialist saw collapsing demand, thanks partly to consumers' preference for cheaper meat products.

In response, Beyond Meat has launched an aggressive restructuring program to produce a much more efficient business. Success here might allow the company to hold a dominant position in the industry niche after the current shake-out removes some competition.

Let's look at the stock's multi-year potential against that challenging backdrop.

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Source Fool.com