Chipotle Announces 50-for-1 Stock Split. Here's What Investors Need to Know.
There's no denying that Chipotle (NYSE: CMG) is one of the most widely recognized companies in the world. Last year, the burrito purveyor even made the Time 100 list of Most Influential Companies for "helping farmers switch to organic produce, using renewable energy, composting, and directly tying executive bonuses to ESG goals." The company was also cited for its savvy approach to social media.
Its continuous execution and impressive business performance have contributed to a surging stock price. Over the past year, Chipotle stock has gained an impressive 74%, but that's just the beginning. For those lucky enough to get in on its IPO in early 2006, the stock has soared from $22 to roughly $2,798, a mind-boggling gain of 12,616%.
In a press release that dropped after the market close on Tuesday, Chipotle announced plans to split its stock for the first time in the company's 30-year history. This stunning revelation is generating a fresh wave of interest in the restauranteur and its stock. It also raises questions for shareholders regarding the mechanics of a stock split and what it means to investors.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
The stock is one of the favorites of our community with 70 Buy predictions and 1 Sell predictions.
With a target price of 2478 € there is potential for a 5300.46% increase which would mean more than doubling the current price of 45.89 € for Chipotle Mexican Grill Inc..
