Chanticleer Holdings Common Stock (NASDAQ: BURG) is having a great start to the trading session this morning, and for good reason. The company announced partnership news, exciting investors and sending the stock on a run for the top. Today, we’ll talk about:
- The partnership news;
- what we’re seeing from BURG stock as a result; and
- what we’ll be watching for ahead.
BURG Stock Gains On Partnership News
As mentioned above, Chanticlear Holdings is having a great start to the trading session this morning after the company announced partnership news. The partnership came by way of press release early this morning.
In the release, the company said that it partnered with Beyond Meat. Under the partnership, the company will be able to offer its guests a 100% plant based Beyond Burger patty at its multiple burger brands and Just Fresh locations.
BURG said that participating brands will include Little Big Burger, American Burger Company, Burgers Grilled Right, and Just Fresh. All in all, the new product will be features in more than 50 individual store locations.
In a statement, Fred Glick, President at BURG, had the following to offer:
With roughly one-third of consumers identifying as flexitarians, we’re thrilled to partner with Beyond Meat to provide a plant-based alternative to our current menu offerings. We also understand that consumers are more conscious than ever about making responsible food choices that are not only healthy, but that also take sustainability and ethical considerations into account.
What We’re Seeing From The Stock
One of the first lessons that we learn when we start to work in the market is that the news leads to moves. When it comes to Chanticleer Holdings, the news proved to be incredibly positive.
After all, the new product will give the company the opportunity to appeal to a growing audience of healthy-food consumers. So, it’s not surprising to see that excited investors are pushing the stock for the top.
As is just about always the case, our partners at Trade Ideas were the first to alert us to the gains. Currently (9:46), BURG is trading at $2.18 per share after a gain of $0.66 per share or 43.42% thus far today.
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will continue to keep a close eye on BURG. In particular, we’re interested in following the story surrounding the company’s continued work to appeal to a larger audience, driving value for investors. Nonetheless, we’ll keep a close eye on the story and bring the news to you as it breaks!
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