Better Buy: Beyond Meat vs. Shake Shack

Since Shake Shack (NYSE: SHAK) went public in 2015, it's been on my watch list. I like the company's brand recognition, average unit volumes (AUV), and opportunity for expansion. But I've never added shares to my portfolio; there's always been just enough to keep me on the sidelines. And I'm glad for that. It's underperformed the market average since its IPO.

When the stock market crashed earlier in 2020, most of my watch list stocks got a lot cheaper. This included Shake Shack, which tanked to all-time lows. However, I ultimately pulled the trigger on a different stock on my watch list: plant-based meat company Beyond Meat (NASDAQ: BYND). Its stock price fell, even though its business is thriving. That's why I believed it was the better buy. But now that the stock has climbed higher, is it still the smarter pick right now?

Image source: Beyond Meat.

Source Fool.com