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