Chipotle Mexican Grill (CMG +3.1%) is likely one of the high gainers within the restaurant sector after the corporate introduced it’s launching pollo asado because it newest limited-time menu merchandise within the U.S. and Canada. The typical worth can be $9.11 within the U.S.
The pollo asado menu merchandise will include grilled rooster, garlic, recent lime, guajillo peppers and hand-chopped cilantro. Chipotle (NYSE:CMG) has been testing client response to pollo asado at eating places in Cincinnati and Sacramento for a number of months. The menu addition is Chipotle’s (CMG) first new rooster product because the chain was began in 1993 in Denver, Colorado.
Shares of Chipotle (CMG) are down 18% on a year-to-date foundation, which ranks thirty seventh out of the 57 publicly-traded restaurant shares. CMG trades beneath its 50-day, 100-day and 200-day transferring averages.