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Chipotle (CMG) Spruces Up Menu With Four New Lifestyle Bowls
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Chipotle Mexican Grill, Inc. (CMG - Free Report) recently announced the launch of Cilantro-Lime Cauliflower Rice in the United States and Canada. Also, the company initiated four new variations in its Lifestyle Bowls — Whole30 Bowl, Keto Bowl, Vegetarian Salad Bowl and Vegan Bowl — to support the same.
Priced at an additional cost of $2, the new plant-based option comes with grilled cauliflower along with fresh-chopped cilantro, lime and salt seasonings.
Notably, the limited time item will be made available in-restaurant and through the Chipotle app, Chipotle.com and third-party delivery partners. The company waived delivery fee on U.S. Chipotle app and Chipotle.com for orders (of more than $10) including the cauliflower rice. However, service fees do apply.
In relation to the latest menu addition, chief marketing officer, Chris Brandt stated, "Chipotle fans have been craving more plant-powered, better-for-you options that align with the latest health trends and emphasize the benefits of real food. That's why we are thrilled to offer Cauliflower Rice nationally and help our fans achieve their diet or lifestyle goals."
Continuous Focus on Menu Innovation
Given that the coronavirus pandemic has compelled companies to limit their menu offerings to support their business models, Chipotle continues to explore in this category with Integrity standards.
In 2020, the company expanded its Lifestyle Bowls by adding Whole30 Compliant Chicken to its menu on a nationwide basis. Moreover, the introduction of kitchen ovens for the betterment of its latest Quesadillas bodes well.
Currently, the company is testing queso blanco and salads in quesadillas in various markets. Although it was receiving positive feedback, the launch was delayed due to the global impact of COVID-19. Moreover, introduction of other items has been postponed due to the crisis.
In the past six months, shares of Chipotle have gained 17.1% compared with the industry’s 19% growth.
Nonetheless, initiatives such as use of stage gate process, leveraging digital programs to expand access and convenience, frequent customer interaction through loyalty program, menu innovation as well as operational excellence are likely to boost the company’s performance going forward.
Some other top-ranked stocks in the same space are Jack in the Box Inc. (JACK - Free Report) , Ruth's Hospitality Group, Inc. and Yum! Brands, Inc. (YUM - Free Report) , each carrying a Zacks Rank #2.
Jack in the Box, Ruth's Hospitality and Yum! Brands have a three-five year earnings per share growth rate of 10.6%, 15% and 12.3%, respectively.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
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Chipotle (CMG) Spruces Up Menu With Four New Lifestyle Bowls
Chipotle Mexican Grill, Inc. (CMG - Free Report) recently announced the launch of Cilantro-Lime Cauliflower Rice in the United States and Canada. Also, the company initiated four new variations in its Lifestyle Bowls — Whole30 Bowl, Keto Bowl, Vegetarian Salad Bowl and Vegan Bowl — to support the same.
Priced at an additional cost of $2, the new plant-based option comes with grilled cauliflower along with fresh-chopped cilantro, lime and salt seasonings.
Notably, the limited time item will be made available in-restaurant and through the Chipotle app, Chipotle.com and third-party delivery partners. The company waived delivery fee on U.S. Chipotle app and Chipotle.com for orders (of more than $10) including the cauliflower rice. However, service fees do apply.
In relation to the latest menu addition, chief marketing officer, Chris Brandt stated, "Chipotle fans have been craving more plant-powered, better-for-you options that align with the latest health trends and emphasize the benefits of real food. That's why we are thrilled to offer Cauliflower Rice nationally and help our fans achieve their diet or lifestyle goals."
Continuous Focus on Menu Innovation
Given that the coronavirus pandemic has compelled companies to limit their menu offerings to support their business models, Chipotle continues to explore in this category with Integrity standards.
In 2020, the company expanded its Lifestyle Bowls by adding Whole30 Compliant Chicken to its menu on a nationwide basis. Moreover, the introduction of kitchen ovens for the betterment of its latest Quesadillas bodes well.
Currently, the company is testing queso blanco and salads in quesadillas in various markets. Although it was receiving positive feedback, the launch was delayed due to the global impact of COVID-19. Moreover, introduction of other items has been postponed due to the crisis.
In the past six months, shares of Chipotle have gained 17.1% compared with the industry’s 19% growth.
Nonetheless, initiatives such as use of stage gate process, leveraging digital programs to expand access and convenience, frequent customer interaction through loyalty program, menu innovation as well as operational excellence are likely to boost the company’s performance going forward.
Zacks Rank & Other Key Picks
Chipotle currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Some other top-ranked stocks in the same space are Jack in the Box Inc. (JACK - Free Report) , Ruth's Hospitality Group, Inc. and Yum! Brands, Inc. (YUM - Free Report) , each carrying a Zacks Rank #2.
Jack in the Box, Ruth's Hospitality and Yum! Brands have a three-five year earnings per share growth rate of 10.6%, 15% and 12.3%, respectively.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
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