Should You Buy Chipotle Stock Ahead of Its 50-for-1 Stock Split?
Burrito-centric restaurant chain Chipotle Mexican Grill (NYSE: CMG) made its public market debut way back in 2006. But in June, it plans to do something it's never done before: split its stock.
Management is proposing a massive 50-for-1 stock split, meaning investors will receive 49 additional shares for every share they currently own. It's not quite a done deal yet as the plan needs shareholder approval, but it's likely to go through.
Stock splits are enjoying their time in the financial headlines. However, there are more important things to watch with Chipotle Stock, and there's only one thing that could be meaningful when it comes to the 50-for-1 split.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
€45.89
-2.400%
The stock is one of the favorites of our community with 70 Buy predictions and 1 Sell predictions.
With a target price of 2478 € there is potential for a 5300.46% increase which would mean more than doubling the current price of 45.89 € for Chipotle Mexican Grill Inc..
