Is Chipotle a Once-in-a-Generation Investment Opportunity Ahead of Its 50-for-1 Stock Split?
When its 2023 fourth-quarter financials were released almost two months ago, Chipotle Mexican Grill (NYSE: CMG) announced results that easily beat Wall Street estimates. But in more recent times, shareholders are excited about a new development.
On March 19, the Tex-Mex restaurant chain announced a massive 50-for-1 stock split. Since then, shares have climbed about 4% (as of April 2), and they are up 27% this year. There's clearly strong investor interest in this stock right now, driving greater momentum.
Shareholders will vote on the stock split in June at the annual meeting. Does its pending approval make Chipotle a once-in-a-generation investment opportunity?
Source Fool.com
Chipotle Mexican Grill Inc. Stock
€45.89
-2.400%
With 70 Buy predictions and 1 Sell predictions Chipotle Mexican Grill Inc. is one of the favorites of our community.
Based on the current price of 45.89 € the target price of 2478 € shows a potential of 5300.46% for Chipotle Mexican Grill Inc. which would more than double the current price.
