Stock Split Watch: Is Chipotle Next?
Chipotle Mexican Grill (NYSE: CMG) stock continues to benefit from an impressive run. So high is its growth that a single share costs more than $2,200, making it the sixth-most expensive stock in terms of nominal price on U.S. exchanges today.
Such levels may lead investors to speculate on if or when Chipotle's board of directors will finally approve a stock split. Chipotle has never split its stock, and some stocks, such as the A shares of Berkshire Hathaway, have avoided such a move despite prices exceeding $500,000 per share.
However, a lower nominal price could increase interest among small investors, thus lifting the stock price. Hence, whether or not Chipotle decides to split its stock, investors should take a closer look at the advantages and disadvantages of such a move.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
With 73 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 2425 € shows a potential of 5184.95% for Chipotle Mexican Grill Inc. which would more than double the current price.
