Stock Wars: Beyond Meat Vs. Tattooed Chef
Benzingas weekly Stock Wars matches two leaders in a major industry sector, with the goal of determining which company is the better investment. This week, the duel is between a pair of companies in the vegan food sector: Beyond Meat Inc (NASDAQ: BYND ) and Tattooed Chef Inc (NASDAQ: TTCF ) The Case For Beyond Meat: This El Segundo, California-based company was founded in 2009 and immediately attracted attention thanks to celebrity investors including Leonardo DiCaprio and Snoop Dogg. Its initial public offering in 2019 was priced at $25 per share and very quickly took off. Earlier this year, the company formed a partnership with PepsiCo, Inc. (NASDAQ: PEP ) to develop snacks and drinks made from plant-based protein and it teamed up with McDonalds Corporation (NYSE: MCD ) to develop a plant-based burger. But its track record in becoming a staple of the grab-and-go dining crowd has been shaky: an effort to roll out plant-based chicken nuggets with Yum! Brands, Inc.''s (NYSE: YUM ) KFC chain never progressed beyond the pilot phase, while a plant-based breakfast-sausage sandwich offered through the Dunkin chain was scaled back from a national availability to a few hundred eateries due to lack of customer interest.
Stock Wars: Beyond Meat Vs. Tattooed Chef
Benzingas weekly Stock Wars matches two leaders in a major industry sector, with the goal of determining which company is the better investment. This week, the duel is between a pair of companies in the vegan food sector: Beyond Meat Inc (NASDAQ: BYND ) and Tattooed Chef Inc (NASDAQ: TTCF ) The Case For Beyond Meat: This El Segundo, California-based company was founded in 2009 and immediately attracted attention thanks to celebrity investors including Leonardo DiCaprio and Snoop Dogg. Its initial public offering in 2019 was priced at $25 per share and very quickly took off. Earlier this year, the company formed a partnership with PepsiCo, Inc. (NASDAQ: PEP ) to develop snacks and drinks made from plant-based protein and it teamed up with McDonalds Corporation (NYSE: MCD ) to develop a plant-based burger. But its track record in becoming a staple of the grab-and-go dining crowd has been shaky: an effort to roll out plant-based chicken nuggets with Yum! Brands, Inc.''s (NYSE: YUM ) KFC chain never progressed beyond the pilot phase, while a plant-based breakfast-sausage sandwich offered through the Dunkin chain was scaled back from a national availability to a few hundred eateries due to lack of customer interest.