Beyond Meat Shares Soaring As Tim Hortons Puts Plant-based Sausage On Menu

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Beyond Meat Inc. shares BYND, +10.81% soared another 12% Wednesday, after Canadian fast-food chain Tim Hortons said it is adding the company's plant-based meat to its breakfast menu. Tim Horton, which is owned by Burger King parent Restaurant Brands International Inc. QSR, +0.62% said select stores are testing three new breakfast options made with Beyond Meat's breakfast sausage patty. "With roughly 4,000 locations in Canada, we're looking forward to being able to offer Canadians from coast-to-coast a truly accessible meat alternative that they can feel good about," Tim Hortons President Alex Macedo said in a statement. If sales go well, the chain is planning to roll out the sandwiches across Canada by the end of summer. Restaurant Brands shares rose 1.5% and have gained about 20% in the last 12 months, while the S&P 500 SPX, +0.75% has gained 5%. Beyond Meat shares are now 258% above their IPO price, after making their debut just over a week ago.

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