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
€50.36
-1.180%
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..
