Is Chipotle Stock a Buy Ahead of Its Stock Split?
Shares of restaurant chain Chipotle Mexican Grill (NYSE: CMG) have gone on an incredible run over the past few months. The stock was at a 52-week low of $1,768.64 last October, and since then, zoomed up to a high of $3,260 on May 10.
Adding to the fervor around shares is the company's March 19 announcement of a 50-for-1 stock split, one of the biggest in the history of the New York stock Exchange. Shares are expected to begin trading on a post-split basis on June 26.
Chipotle stock has dropped from its 52-week high recently. Does this create a buying opportunity ahead of its impending stock split? Let's dig into the company's performance to arrive at an answer.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
The stock is one of the favorites of our community with 77 Buy predictions and 1 Sell predictions.
With a target price of 2357 € there is potential for a 4580.3% increase which would mean more than doubling the current price of 50.36 € for Chipotle Mexican Grill Inc..