What happened Shares of Beyond Meat (NASDAQ: BYND) closed out trading on Monday 3% higher than where they started after having been up as much as 5.5% during the day. So what While there was no specific news to account for the rise other than the market as a whole being buoyant on positive developments with COVID-19 vaccines, the move by the maker of plant-based meat alternatives was notable nonetheless as it seemingly defied an analyst's sour view of a relationship with McDonald's (NYSE: MCD). A UBS analyst suggested, after discussions with one of the fast food giant's supply chain managers, that Beyond Meat would not be the only supplier for the restaurant's new McPlant plant-based burger. It's rare for any company to be a sole source for a product, and even less common to have one of its brands identified with it. Image source: Beyond Meat. Now what That was simply speculation by the analyst, though, and a counter argument could be made based on comments made by Beyond Meat's president and CEO during the company's recent earnings conference call. The market shrugged off the potential for a more limited role by the plant-based food manufacturer and chose instead to focus on the more favorable outlook for restaurants and food companies. The proposed vaccines for COVID-19 are reportedly highly effective with few side effects, which could lead to consumers choosing to dine out more often. If a rising tide lifts all boats, Beyond Meat should do better in such a scenario. 10 stocks we like better than Beyond Meat, Inc.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Beyond Meat, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Rich Duprey has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Beyond Meat, Inc. The Motley Fool has a disclosure policy.Source