Chipotle Is Splitting Its Stock 50-for-1 This Month: Should You Buy Now?
Investors love a good stock split. Those events don't do anything more than split the same-sized pie into smaller pieces, but they only occur after a company's share price has soared, which generally indicates that the business is doing quite well. Even better, when management decides to split a company's stock, it implies that it thinks there's more growth coming.
Chipotle Mexican Grill (NYSE: CMG) wowed Wall Street back in March with the announcement of a stock split with one of the biggest multiples ever: Each current share will be split into 50 new shares. The change is set to go through on June 25 for shareholders of record as of June 18.
So is now the time to buy Chipotle?
Source Fool.com
Chipotle Mexican Grill Inc. Stock
€49.00
-0.480%
With 64 Buy predictions and 1 Sell predictions Chipotle Mexican Grill Inc. is one of the favorites of our community.
Based on the current price of 49.0 € the target price of 2555 € shows a potential of 5114.29% for Chipotle Mexican Grill Inc. which would more than double the current price.
