Chipotle's biggest competitor is a soup-and-sandwich chain (CMG, PNRA)

Hollis Johnson Chipotle has dominated the growth of fast-casual Mexican dining in America. According to UBS analysts, its biggest competition is from Panera Bread, the fast-casual chain that serves up sandwiches, soups, and salads. Panera is outside Chipotle's cuisine niche, but it is competing with its rivals by using fresh, additive-free ingredients. More important, consumers who are looking for alternatives to Chipotle -- perhaps because of lingering concerns from the 2015 E. coli saga -- are...