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(Reuters)   Investors approve of Chipotle price hike planned for mid-2014 to cover food costs and fatten profit margins, send share price to $500 and up. "Such is the nature of the current market environment. Muy Loco," mourns Chipotle short seller   (reuters.com) divider line 18
    More: Strange, chipotles, David Einhorn, profit margins, market environment, Yum! Brands, GMOs, earnings growth, equity research  
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677 clicks; posted to Business » on 24 Oct 2013 at 8:14 PM (43 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



18 Comments   (+0 »)
   
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2013-10-24 07:54:14 PM
That's weird. It's like our shiatty version of capitalism and financial markets artificially drives inflation. Strange.
 
2013-10-24 08:11:25 PM
Chipotle is like Starbucks with burritos. And no coffee. And not a place you'd be using wifi. Or holding a business meeting.

Actually, Chipotle isn't like Starbucks at all...
 
2013-10-24 08:16:48 PM
IIRC Chipotle is one of those companies that actually treats their employees halfway decently, pays above minimum wage (though still not a lot), gives benefits, and hasn't been threatening to cut hours and blame it on the ACA.  So, hey, if they want to boost profits too, rock on.

I still prefer the food at Moe's though.
 
2013-10-24 08:31:43 PM
i.imgur.com
 
2013-10-24 08:50:26 PM

TuteTibiImperes: I still prefer the food at Moe's though.


Moe's used to be a lot better. They cut a lot of costs during the recession, and cheapened their food. The steak, for example, used to come in fresh, and then be marinated for a day or two in hand-made marinade before being grilled. Then they started having it premarinated when the steak came in, and could go directly from a vacuum pack onto the grill (but you weren't allowed to do this in front of customers, you had to transfer it to another container out of sight). They changed a lot of other recipes, too, and started having more of it pre-mixed instead of done right there in the store. The company that made their original queso dip also went out of business.
As a Moe's worker, made my job easier by a buttload, but at the same time the food was never as good.
Maybe they've changed again since the economy has recovered a bit. I've never been back to eat there even once since I stopped working there. I spent more than four years working there, and I don't ever want the feeling of 80% of body weight being burrito.
 
2013-10-24 09:01:10 PM

TuteTibiImperes: So, hey, if they want to boost profits too, rock on.


You're right! However, since I'm not getting any more money to spend on food, when Chipotle raises its prices, I'll be forced to eat there less often and order less food when I do eat there. I hope that works out for them.
 
2013-10-24 09:06:15 PM
It's hard to go broke underestimating the appetite of the American public.

CMG isn't alone. It, along with SONC and WEN, have all doubled in the past twelve months. JACK is only up some 60%. The laggards are the big chains like BKW (the King's up a mere 25%) and MCD (which is as much a real estate play as it is a burger play these days, and is up about 15% after a promising spring turned into a lame summer and fall.)

As the old saying says, there's a bull market somewhere... or in this case, it's more of a cow and/or steer market.
 
2013-10-24 09:13:22 PM

Sergeant Grumbles: Moe's used to be a lot better. They cut a lot of costs during the recession, and cheapened their food. The steak, for example, used to come in fresh, and then be marinated for a day or two in hand-made marinade before being grilled.


Got a recipe? I love Moe's steak.
 
2013-10-24 09:46:47 PM

Sum Guye: Sergeant Grumbles: Moe's used to be a lot better. They cut a lot of costs during the recession, and cheapened their food. The steak, for example, used to come in fresh, and then be marinated for a day or two in hand-made marinade before being grilled.

Got a recipe? I love Moe's steak.


It is funny, I used to like Moe's then a few years ago I noticed that it seemed much blander than how I remembered it being before.  Haven't gone in over a year.    Your story lends credence to my experience.
 
2013-10-24 10:11:40 PM

The Googles Do Nothing: Sum Guye: Sergeant Grumbles: Moe's used to be a lot better. They cut a lot of costs during the recession, and cheapened their food. The steak, for example, used to come in fresh, and then be marinated for a day or two in hand-made marinade before being grilled.

Got a recipe? I love Moe's steak.

It is funny, I used to like Moe's then a few years ago I noticed that it seemed much blander than how I remembered it being before.  Haven't gone in over a year.    Your story lends credence to my experience.


They may have changed the recipe on the meat, but I tend to load my burritos up so much that the meat is mainly just there for texture anyway.  They recently made the grilled peppers, onions, and mushrooms free instead of paid add-ons, so that was nice.  They're also one of the few places that has fresh jalepenos (as opposed to pickled) so they get major points from me for that.
 
2013-10-24 10:26:57 PM

TuteTibiImperes: I still prefer the food at Moe's though.


WELCOME TO MOES!!!!
 
2013-10-24 10:34:46 PM
Chipolte was great until they fired all the illegal immigrants. Now it is stupid.
 
2013-10-24 10:48:35 PM
I think $250 is the new split price for NYSE.  Or maybe it's $400 or something.  All this inflation and $1k stocks are making boards hold off on the splits.

/my stock is at $260 or so, and that's abnormal.  Usually they split at $100, but the competitors are higher and it's been quite a while since they split.
//not telling
///45 shares, that's big!
 
2013-10-24 11:13:47 PM

Sum Guye: Got a recipe? I love Moe's steak.


Oh gosh.... crap. I can't remember the exact quantities anymore.... apple cider vinegar, lemon juice, lime juice, cumin, cayenne pepper, chili powder, crushed red pepper, lemon pepper, black pepper, onion powder, garlic powder, paprika, salt, fresh ground or chopped cilantro.
I feel like it also had some oil in it, but that might be because it shared a lot of ingredient with the Southwest Vinagrette.

Maybe a gallon of apple cider vinegar, quart of lemon juice, two cups lime juice... and we used those little 1/4 cup to-go containers to measure out the rest.

TuteTibiImperes: They're also one of the few places that has fresh jalepenos (as opposed to pickled) so they get major points from me for that.


Don't know if you're a fan of the guacamole but it was still pretty good even when I left, though they'd switched from fresh mashed avocados to getting it in pre-mashed baggies.  Avocado, tomato, onions, but had fresh jalapeno in there too, lime juice, salt, as well as a decent amount of garlic powder, and just enough chili powder not to change the color.
 
2013-10-24 11:43:36 PM

Fark Me To Tears: TuteTibiImperes: So, hey, if they want to boost profits too, rock on.

You're right! However, since I'm not getting any more money to spend on food, when Chipotle raises its prices, I'll be forced to eat there less often and order less food when I do eat there. I hope that works out for them.


Pretty much this.
 
2013-10-25 07:18:52 AM
I went to Chipotle once, then realized that I can put stuff in a burrito too. I don't get it.
 
2013-10-25 01:15:37 PM
No biggy, the office drones will still line up 40 deep everyday at noon.

I think Chipotle is pretty good, but people flock to them like they are handing out the body of christ or something.
 
2013-10-25 11:26:22 PM

TuteTibiImperes: I still prefer the food at Moe's though.


You misspelled Qdoba.
 
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