Is Chipotle a No-Brainer Buy Right After Its 50-for-1 Stock Split? The Answer Might Surprise You.
Chipotle Mexican Grill(CMG) The Motley Fool·2024-07-01 02:00
This business has been drawing a lot of attention since management announced a historic stock split.The time has finally come. On June 16, shares of Chipotle Mexican Grill (CMG 0.39%) underwent a closely watched and historic 50-for-1 stock split. The previous four-figure price tag of the stock is currently at about $65.Management felt this was the right proposal, given how well the restaurant company's shares have been performing. They're up 44% in 2024, and in the past five years, have soared 348%.Is this ...