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Chipotle Mexican Grill (CMG) is betting big on protein. The fast-casual chain announced its first dedicated High Protein Menu launching Dec. 23. The company's target is a dietary trend that has been dominating American eating habits for the past three years. High-protein diets have become the foremost nutritional focus nationwide. Around 70% of Americans now prioritize protein intake, with over one-third increasing their consumption over the past year.
This pivot will also help the company capture the growing demographic of GLP-1 drug users who require protein-dense, smaller portions. Will this lead to a windfall for the company, or will CMG stock continue sliding down? Let's take a look.