Chipotle Just Split Its Stock. 3 Things to Know Before You Buy or Sell.
Chipotle Mexican Grill (NYSE: CMG) recently joined the growing list of top companies to announce or complete stock splits. The fast-casual chain executed its operation late last month, and shares began trading at their post-split price on June 26. This represented a major move for Chipotle, as it marked the company's first-ever stock split -- and the 50-for-1 operation was one of the biggest in New York stock Exchange history.
The restaurant chain decided on the move after its shares soared more than 300% over the past five years, reaching beyond $3,000 in recent times. The split brought the price of each individual share down to about $60, making the stock easier for a wider range of investors to access. A stock split is just a mechanical operation, though -- it doesn't change anything fundamental such as valuation or market value. This means it isn't a good idea to buy a stock just because it launched a stock split.
Since you may now be wondering about how you should approach the Chipotle investment opportunity today, here are three things to know before you buy or sell shares of this top restaurant chain.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
The stock is one of the favorites of our community with 73 Buy predictions and 1 Sell predictions.
With a target price of 2425 € there is potential for a 5184.95% increase which would mean more than doubling the current price of 45.89 € for Chipotle Mexican Grill Inc..
