Burger King tests plant-based nuggets

Article Excerpt

RESTAURANT BRANDS INTERNATIONAL $60.98 is a buy. The company (New York symbol QSR; TSINetwork Rating: Average) (www.rbi.com; Shares outstanding: 478.0 million; Market cap: $29.2 billion; Dividend yield: 3.5%) is now testing plant-based chicken nuggets from Impossible Foods at select Burger King locations. The chain began testing the nuggets at its locations in Des Moines, Iowa, Boston, and Miami on October 11. The nuggets will be available as an eight-piece order with a choice of dipping sauce. Restaurant Brands sees product development as key to the long-term success of its brands. By focusing on that, it expects new offerings to expanding its customer base and drive traffic. Restaurant Brands is a buy. buy…