- Restaurant chains Red Robin Gourmet Burgers (NASDAQ:RRGB) and White Castle are seeing broad shortages of meat-free patties from Impossible Foods (IMPF), according to Bloomberg.
- The ongoing shortages are said to show the pressure that Impossible Foods is facing to manufacture for the mass market and get a head start on wide distribution before larger companies jump in.
- Impossible Foods estimates that its already on the menu at 9K restaurants and is expected to roll out nationally at Burger King locations this year.
- Within the alternative protein sector, shares of Beyond Meat (NASDAQ:BYND) are down 0.26% in premarket trading to $141.02 as Tyson's announcement yesterday of a meatless brand not doing too much to rattle investors.