Chipotle's Stock Split Is Complete. Here's What to Expect for the Rest of 2024.
Chipotle Mexican Grill (NYSE: CMG) has been an investor favorite for years, but it received special attention this year after announcing a 50-for-1 stock split. That's one of the biggest splits ever, and with the shares' four-figure price tag prior to the split, it made a lot of sense.
It went through in June, and Chipotle stock dropped slightly afterward. It trades at $57.50 per share as of this writing, but that's still a 26% gain year to date. What else can investors expect after the split?
Chipotle reliably reports double-digit sales growth quarterly, and it's usually driven by new stores and growth in comparable-store sales (comps). Revenue increased 14% year over year in the 2024 first quarter with a 7% increase in comps. Management is guiding for similar results for the full year.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
With 75 Buy predictions and 1 Sell predictions Chipotle Mexican Grill Inc. is one of the favorites of our community.
Based on the current price of 48.2 € the target price of 2370 € shows a potential of 4817.01% for Chipotle Mexican Grill Inc. which would more than double the current price.
