After Its 50-for-1 Stock Split Last Month, Here Are the Major Takeaways From Chipotle's Latest Earnings Call
On June 18, restaurant chain Chipotle Mexican Grill (NYSE: CMG) completed its highly publicized 50-for-1 stock split. Shareholders saw their $3,000 stock become 50 shares worth about $60 each.
Then, on July 24, Chipotle reported financial results for the second quarter, and the stock initially soared in after-hours trading. But once management spoke with analysts on the earnings call, the stock settled. While the Q2 headline numbers were great, there were concerns in the subsequent commentary.
Indeed, there were several things in the Q2 earnings call investors should be aware of. Here are two major takeaways.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
€45.89
-2.400%
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Based on the current price of 45.89 € the target price of 2478 € shows a potential of 5300.46% for Chipotle Mexican Grill Inc. which would more than double the current price.
