Beyond Meat (BYND) Stock Price: Why It Increased Today

By Amit Chowdhry ● Jun 14, 2022
  • The stock price of Beyond Meat Inc (NASDAQ: BYND) increased by 0.72% today. This is why.

The stock price of Beyond Meat Inc (NASDAQ: BYND) increased by 0.72% today. Investors are responding positively to Beyond Meat announcing it is making plant-based burgers more accessible this summer grilling season with expanded availability of its Cookout Classic value pack. 

Since last summer, Beyond Meat has significantly expanded the distribution of Cookout Classic to more than 10,000 stores nationwide including at Giant Food, Hannaford, Publix, ShopRite, Sprouts, Stop & Shop, Wegmans, Whole Foods Market, and select Albertsons, Kroger, Target and Walmart locations. And Cookout Classic helps narrow the price gap between plant-based meat and animal protein as Beyond Meat works to champion a more accessible and sustainable food system.

Cookout Classic was first introduced to retail in 2020 as a limited-time offering and due to its popularity, Beyond Meat made it a permanent retail item. And the Cookout Classic burger pack is designed to feed the whole family and inspire a shift to plant-based meat at barbecues this summer.

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