Chipotle's Record Stock Split Sends Shares Soaring
TL;DR Summary
Chipotle announced a 50-for-1 stock split, the first in its 30-year history, subject to shareholder approval at its annual meeting on June 6. The split will give shareholders 50 shares for each share they own, with trading on a split-adjusted basis starting on June 26. While the split itself doesn't indicate a buy, Chipotle's strong financial performance, including revenue growth, EPS increase, and successful digital and drive-thru strategies, make it an attractive investment option.
Topics:business#chipotle#fast-casual-restaurant#finance#financial-performance#investment#stock-split
- Chipotle Announces 50-for-1 Stock Split. Here's What Investors Need to Know. The Motley Fool
- Chipotle shares breach $3,000 on first ever stock-split plan Yahoo Finance
- Chipotle plans rare 50-for-1 stock split as share price nears $3,000 CBS News
- Chipotle’s board approves 50-to-1 stock split, stock zooms toward record MarketWatch
- Chipotle Stock (NYSE:CMG) Gains on First-Ever Stock Split - TipRanks.com TipRanks
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