00:00Chipotle Mexican Grill slid 4.64% today. What happened?
00:05Chipotle operates fast-casual restaurants that prepare customizable burritos, bowls, tacos, and salads for diners.
00:14It makes money by selling meals and drinks to customers through its restaurants and digital ordering channels.
00:21Chipotle fell 4.6%, even as consumer discretionary gained 0.33%.
00:29Yahoo! noted that Chipotle's selling was much heavier than the declines in McDonald's and Starbucks, while options activity flashed a
00:38defensive signal.
00:39That was a coincident sign of caution, but no confirmed company-specific catalyst explained the full decline.
00:48More on software versus restaurants, full recap linked.
