Chipotle's Stock Split Has Arrived. Here's What Happens Next.
(NYSE: CMG) has long been the standard bearer for the fast-casual dining it helped pioneer. The company's focus on fresh ingredients prepared daily has revolutionized the industry and made Chipotle one of the biggest successes in it. Over the past year, the stock is up an impressive 60% (as of this writing), and that's no fluke. Over the past decade, Chipotle's revenue has jumped 157%, driving its net income up 226%. This performance has fueled its surging stock price, which has gained 450%.
As a result, its stock price currently sits above $3,250 per share, putting it beyond the reach of many everyday investors -- but there's change in the air. Chipotle's long-awaited 50-for-1 stock split went into effect after the market close on Tuesday, June 25.
Let's review the details of this split and what investors can expect in the days and weeks to come.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
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 49.19 € the target price of 2555 € shows a potential of 5094.15% for Chipotle Mexican Grill Inc. which would more than double the current price.
