Chipotle Mexican Grill (CMG) – Get Report on Monday unveiled a new offering, cilantro-lime cauliflower rice, seeking to just take benefit of consumers’ enthusiasm for healthier foodstuff.
The cauliflower rice is built with “freshly-grilled, riced cauliflower, completed with hand-chopped cilantro, lime, and salt, and organized fresh new in-cafe every single day,” the Newport Beach, Calif., enterprise explained
The solution charges an extra $2 for tacos, burritos or bowls. It is accessible now at U.S. and Canadian dining establishments for a limited time.
Cilantro-lime cauliflower rice has 4 grams of internet carbohydrates for each serving. Chipotle defines net carbs as total carbs minus nutritional fiber.
Chipotle’s stock at final check out fell 4.8% to $1,320.60. It has jumped 54% more than the past year amid potent income all through the covid pandemic.
Morningstar analyst Nicholas Johnson likes the organization, but thinks the stock is overvalued, putting fair worth at $1,000.
“[Investors] should really prioritize those [restaurant] companies that have the scale to be additional aggressive on pricing in the vicinity of expression (worth-oriented players are likely to outperform during economic shocks) give their clients increased entry through robust digital purchasing, delivery, and travel-through abilities and have nutritious equilibrium sheets,” he wrote very last month.
“In our look at, Chipotle fulfills these investment decision criteria. When combined with labor staffing efficiencies and streamlined functions, Chipotle proceeds to deliver impressive cafe-degree revenue and continues to be very well positioned for major current market share gains, as the field recovers.”
Further more, “in our look at, it truly is distinct that [Chief Executive] Brian Niccol has restored Chipotle’s basis and positioned the enterprise for previously mentioned-industry expansion for a long time to occur,” Johnson reported.
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