Home / Business / Beyond the meat expands its post-IPO tear to 550% after the report Impossible Burger Shortage (BYND)

Beyond the meat expands its post-IPO tear to 550% after the report Impossible Burger Shortage (BYND)



Red Robin Impossible BurgerLeo Y. / Yelp.com

  • Beyond Meat's shares continue to rise after a report on the Impossible hamburger shortage on Friday.
  • Restaurant partnerships are becoming increasingly important for herbal meat replacement companies.
  • Beyond shares traded higher after Tim Hortons announced that its Beyond breakfast sandwiches were available in Canada.
  • Look beyond the live meat trade.

The shortages of a herbal meat competitor push Beyond Meat higher.

Shares of Beyond Meat rose more than 6% in pre-market trading Monday, continuing the momentum of a report released Friday that restaurants such as Red Robin and White Castle had a similar experience. Impossible shortage of burger.

Impossible Foods, a private company, is a major competitor of Beyond Meat. Other companies, including Tyson Foods and Nestle, have recently made a leap into the market for herbal meat substitutes, hoping to capture some of the estimated at $ 140 billion, it could be worth in the next decade.

Restaurant partnerships – a significant part of the growing demand for herbal meat – are critical to Beyond's success as the sector is increasingly competitive. When Tim Hortons announced that Beyond Breakfast sandwiches would be available across Canada, the company's inventories increased by 16%.

JPMorgan analysts said the Beyond stock price could rise as much as 30 percent when it established a partnership with McDonald's, similar to Impossible Foods works with Burger King launch the Whopper impossible.

Beyond the meat equities have increased more than 550% since the company's IPO in early May.

Bynd chartInsider Markets


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