Chipotle Unveils Cauliflower Rice Amid Healthful-Meals Demand

Chipotle Mexican Grill on Monday unveiled a new offering, cilantro-lime cauliflower rice, trying to find to just take advantage of consumers’ enthusiasm for healthful food stuff.

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Chipotle Unveils Cauliflower Rice Amid Nutritious-Food stuff Demand

The cauliflower rice is made with “freshly-grilled, riced cauliflower, finished with hand-chopped cilantro, lime, and salt, and geared up clean in-restaurant just about every working day,” the Newport Seaside, Calif., enterprise claimed

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The solution charges an further $2 for tacos, burritos or bowls. It truly is accessible now at U.S. and Canadian places to eat for a minimal time.

Cilantro-lime cauliflower rice has 4 grams of net carbs for every serving. Chipotle defines internet carbs as complete carbohydrates minus dietary fiber.

Chipotle’s inventory at past check fell 4.8% to $1,320.60. It has jumped 54% about the earlier 12 months amid solid gross sales during the covid pandemic.

Morningstar analyst Nicholas Johnson likes the business, but thinks the stock is overvalued, placing good worth at $1,000.

“[Investors] should really prioritize people [restaurant] companies that have the scale to be more intense on pricing in close proximity to time period (worth-oriented gamers are inclined to outperform during financial shocks) give their shoppers bigger accessibility by way of strong digital purchasing, shipping and delivery, and drive-thru abilities and have wholesome equilibrium sheets,” he wrote final month.

“In our see, Chipotle satisfies these investment decision standards. When put together with labor staffing efficiencies and streamlined operations, Chipotle carries on to generate spectacular restaurant-level income and remains effectively positioned for important sector share gains, as the industry recovers.”

Even more, “in our view, it’s crystal clear that [Chief Executive] Brian Niccol has restored Chipotle’s basis and positioned the company for previously mentioned-industry advancement for a long time to appear,” Johnson claimed.

This short article was initially revealed by TheStreet.