Better Buy: Beyond Meat vs. Shake Shack
Many restaurant chains and food companies got squashed by the pandemic in 2020. But their businesses -- and their stock prices -- could be headed for a comeback this year. Beyond Meat (NASDAQ: BYND) was an IPO darling in 2019, but its growth was undercut as the foodservice industry slumped amid the crisis. Shake Shack (NYSE: SHAK) was also making progress until COVID-19 hit. But what investors need to think about now are their future prospects.
Beyond Meat, maker of plant-based patties and other meat alternatives, had a standout debut on the stock market in April 2019, gaining 250% in the first two months. Soon after, though, the stock traded down sharply, and is yet to reach its all time highs.
The company has an exciting product line and strong partnerships with retailers such as Walmart and Target. Sales were strong before the pandemic, growing 212% in 2019's fourth quarter.
Source Fool.com
