Up 926%, Is This Sizzling Bill Ackman Stock a Buy Before Its 50-For-1 Split?
The stock market has gotten off to a red-hot start in 2024. The S 500 has risen 11%, and positive investor enthusiasm doesn't appear to be slowing down.
What I find encouraging is that these strong returns are spread out across many different sectors. One company that is performing particularly well is restaurant chain Chipotle Mexican Grill (NYSE: CMG).
Chipotle is a prominent holding of hedge fund manager Bill Ackman, the CEO of Pershing Square Capital Management. In March, Chipotle's Board of Directors approved a 50-for-1 stock split. Importantly, shareholders still need to approve the split at the company's annual meeting on June 6.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
The stock is one of the favorites of our community with 67 Buy predictions and 1 Sell predictions.
With a target price of 2552 € there is potential for a 4639.97% increase which would mean more than doubling the current price of 53.84 € for Chipotle Mexican Grill Inc..