Chipotle Doubles Down on DoorDash
Chipotle originally partnered with the food delivery service DoorDash back in April, but now it seems that the burrito chain is doubling down.
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Chipotle Mexican Grill Inc. (NYSE: CMG) shares have made an incredible gain in 2018, and based on the company’s partnerships it could continue to grow even further. The burrito chain originally partnered with the food delivery service DoorDash back in April, but now it seems that Chipotle is doubling down.
Now customers can order burritos directly through the Chipotle app for delivery. And to mark the launch of direct delivery with DoorDash, Chipotle is offering free delivery on orders of $10 or more through September 12.
According to Chipotle, no coupon code is needed to get free delivery, and as with many companies’ promotions.
Chipotle delivery is now available in all 70 markets at the over 1,800 Chipotle restaurants that DoorDash currently serves.
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Curt Garner, chief digital and information officer at Chipotle, commented:
Fans have long been requesting Chipotle delivery, and as part of our commitment to make it easy for our customers to get the delicious food they love when, where and how they want it, we’re rolling out our own delivery service powered through DoorDash as the last mile delivery partner. We’re proud to be among the first fast casual chains to offer this delivery service and are excited to kick it off with this special offer for our customers.
Overall Chipotle has outperformed the broad markets, with its stock up about 60% in the past 52 weeks. In just 2018 alone, the stock is up 71%.
Shares of Chipotle were last seen at $494.95, with a consensus analyst price target of $462.22 and a 52-week trading range of $247.52 to $530.68.
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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
