Chanticleer Holdings Inc (NASDAQ:BURG) is rolling out the plant-based Beyond Burger at its restaurants starting on July 1.
The Company’s better burger portfolio, consisting of 45 Little Big Burger, American Burger Company, and Burgers Grilled Right locations, will carry the vegan Beyond Meat (NASDAQ:BYND) patty.
Each restaurant chain plans to create its own signature take on the plant-based burger.
Chanticleer's stock sizzled 10% higher to $1.10.
READ: Chanticleer Holdings extends $16 million rights offering through Friday
“With roughly one-third of consumers identifying as flexitarians, we’re excited to now officially have our menus offer consumers burgers which provide a plant-based alternative to our current menu offerings,” Chanticleer President Fred Glick said. “The desire for an alternative like this was one of the most repeated requests made by our own customers in our recently completed consumer study.”
In addition to its burger restaurants, the Charlotte-based company owns Just Fresh and eight locations of the Hooters franchise.
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