Chipotle: Buy, Sell, or Hold?
Last month, Chipotle Mexican Grill (NYSE: CMG) announced plans for a 50-for-1 stock split. Since the announcement, the fast-casual Mexican restaurant's stock has jumped 7% to an all-time high of about $3,000 per share.
Those latest gains capped off a one-year surge of more than 70%. Given this strong rally and the excitement around the 50-for-1 split, let's dive into this business to see how investors should proceed with Chipotle stock.
If approved at Chipotle's annual meeting on June 6, shareholders on record as of June 18 will receive an additional 49 shares for each share held after market close on June 25.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
€45.89
-2.400%
With 70 Buy predictions and 1 Sell predictions Chipotle Mexican Grill Inc. is one of the favorites of our community.
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.
