The cauliflower rice is created with “freshly-grilled, riced cauliflower, finished with hand-chopped cilantro, lime, and salt, and organized clean in-cafe every single working day,” the Newport Seaside, Calif., firm mentioned
The alternative expenditures an added $2 for tacos, burritos or bowls. It’s accessible now at U.S. and Canadian restaurants for a restricted time.
Cilantro-lime cauliflower rice has 4 grams of internet carbs for each serving. Chipotle defines web carbs as overall carbohydrates minus nutritional fiber.
Chipotle’s inventory at very last examine fell 4.8% to $1,320.60. It has jumped 54% over the past 12 months amid strong sales for the duration of the covid pandemic.
Morningstar analyst Nicholas Johnson likes the organization, but thinks the inventory is overvalued, putting honest value at $1,000.
“[Investors] must prioritize individuals [restaurant] corporations that have the scale to be much more aggressive on pricing around phrase (benefit-oriented players are likely to outperform during financial shocks) give their shoppers larger entry through sturdy digital buying, shipping, and generate-thru capabilities and have healthful equilibrium sheets,” he wrote very last month.
“In our view, Chipotle satisfies these investment decision criteria. When combined with labor staffing efficiencies and streamlined functions, Chipotle proceeds to create outstanding restaurant-level profits and stays properly positioned for significant industry share gains, as the market recovers.”
Further, “in our watch, it is really clear that [Chief Executive] Brian Niccol has restored Chipotle’s basis and positioned the firm for over-business advancement for decades to arrive,” Johnson claimed.