Please ensure Javascript is enabled for purposes of website accessibility

Partnership Sends Beyond Meat 7% Higher Monday

By Daniel Miller - Jun 28, 2021 at 12:47PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

A no-brainer partnership with DoorDash will get Beyond Meat in front of more consumers.

What happened

Shares of Beyond Meat (BYND -2.70%), a food company offering a list of revolutionary plant-based proteins designed to taste similar to animal-based proteins, jumped as much as 7% higher after the company announced a partnership with DoorDash (DASH 0.50%) for a summer on-demand delivery kit.

So what

The two companies decided to partner with one another just in time for the summer grilling season to offer a limited-edition summer grilling kit. The plan is simple: Offer a way for consumers to prepare for a cookout without having to visit the store. Kits will offer a grilling mitt, apron, tools, bottle opener, recipe card, and of course Beyond Meat's new Beyond Burger -- for $14.99. "This 4th of July weekend, we're excited to partner with DoorDash to further our mission to make plant-based options more accessible to all," said Rebecca Infusino, Beyond Meat VP of retail sales, in a press release.

Two plant-based burgers on a wooden board.

Image source: Getty Images.

Now what

For investors, this seems like a positive move for Beyond Meat. According to DoorDash, 73% of Americans believe grilling out a summer must-do. Younger consumers, especially millennials, are increasingly choosing plant-based options, and what better way to get Beyond Meat in front of more potential consumers than delivery grill kits right before July 4? As Beyond Meat looks for innovative ways to get in front of new consumers, and also looks toward international growth, it remains an intriguing stock within the food industry.

Daniel Miller has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Beyond Meat, Inc. The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Beyond Meat Stock Quote
Beyond Meat
BYND
$35.70 (-2.70%) $0.99
DoorDash, Inc. Stock Quote
DoorDash, Inc.
DASH
$77.76 (0.50%) $0.39

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
400%
 
S&P 500 Returns
128%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 08/16/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.