Chipotle Unveils Cauliflower Rice Amid Balanced-Foods Desire
Chipotle Mexican Grill (CMG) – Get Report on Monday unveiled a new providing, cilantro-lime cauliflower rice, searching for to consider edge of consumers’ enthusiasm for healthier meals.
The cauliflower rice is designed with “freshly-grilled, riced cauliflower, concluded with hand-chopped cilantro, lime, and salt, and well prepared new in-cafe every single working day,” the Newport Seashore, Calif., business explained
The choice charges an added $2 for tacos, burritos or bowls. It’s accessible now at U.S. and Canadian restaurants for a limited time.
Cilantro-lime cauliflower rice has 4 grams of net carbs for every serving. Chipotle defines internet carbs as total carbohydrates minus nutritional fiber.
Chipotle’s inventory at very last examine fell 4.8% to $1,320.60. It has jumped 54% about the past yr amid potent revenue in the course of the covid pandemic.
Morningstar analyst Nicholas Johnson likes the company, but thinks the stock is overvalued, putting truthful value at $1,000.
“[Investors] should prioritize these [restaurant] firms that have the scale to be far more intense on pricing in the vicinity of expression (worth-oriented players tend to outperform for the duration of financial shocks) give their customers bigger obtain as a result of robust digital buying, shipping, and travel-thru abilities and have healthier equilibrium sheets,” he wrote past thirty day period.
“In our perspective, Chipotle fulfills these financial investment criteria. When merged with labor staffing efficiencies and streamlined functions, Chipotle proceeds to generate impressive restaurant-degree profits and remains perfectly positioned for significant marketplace share gains, as the marketplace recovers.”
Further more, “in our perspective, it is really obvious that [Chief Executive] Brian Niccol has restored Chipotle’s foundation and positioned the company for higher than-market growth for a long time to come,” Johnson said.