Anne Czichos Today's article circles back to Chipotle Mexican Grill, Inc. (NYSE:NYSE:CMG), a stock we've covered several times during our tenure on Seeking Alpha. Our first coverage was in September 2022, when we argued in favor of Bill Ackman's outlook on Chipotle. Our rating was successful, as the stock has rallied by approximately 1.12x ever since. Our 1st Chipotle Rating (Seeking Alpha) We followed up on our initial analysis by authoring an article in March 2024, stating that Chipotle's pending stoc ...

These elite enterprises could help you grow richer.Investors love stock splits. Although they don't change the fundamental value of a business -- they simply divide its profits among a larger number of shares -- stock splits are regarded as a powerful signal from a company's leadership team that good times are ahead.This certainly appears to be the case for two of the stock market's best-performing stocks, both of which remain strong buys today.Stock-split stock to buy No. 1: Chipotle Mexican GrillProven bu ...

The much-anticipated split finally took place. Here's a look at the company's prospects.Chipotle (CMG 0.30%) has officially joined the stock split club after shares began trading at a fiftieth of their previous price. If you're a shareholder, don't panic. You'll notice you have 50 times the shares you used to have. It's essentially a wash in terms of net value for your portfolio.So why did Chipotle do this? A forward split allows a company to make its shares accessible to a wider audience. For many retail t ...

Chipotle Mexican Grill logo sign is seen on a restaurant in New York, United States, on October 25, ... [+] 2022. (Photo by Beata Zawrzel/NurPhoto via Getty Images)NurPhoto via Getty ImagesChipotle Mexican Grill stock (NYSE: CMG), a fast-casual restaurant chain that focuses on fresh and organic ingredients in burritos, salads, and more, announced a 50-to-1 stock split. That means the number of shares one owns will increase by 50x, i.e, 50 shares now owned for every 1 share previously owned. This is typicall ...

Key TakeawaysChipotle Mexican Grill completed its stock split after markets closed Tuesday, with the stock trading at its new price Wednesday.The chain now looks forward to its next earnings report next month, and its long-term plans of continuing to expand and open new locations.Chipotle and other fast-casual restaurants like Sweetgreen have managed to weather the broader pullback in discretionary spending in recent quarters. Chipotle Mexican Grill (CMG) has completed its 50-for-1 stock split, and started ...

Chipotle Mexican Grill (NYSE:CMG) completed its 50-for-1 stock split. The deal brought the stock’s price down from a nosebleed of $3,300 per share to an investor-accessible value in the mid-60s. The market capitalization remains the same, at $4.5 billion.While the deal has no practical effect, it does have a psychological one: It encourages small investors to purchase CMG stock. It’s one of the biggest splits in the history of the New York Stock Exchange.Cheers for NiccolChipotle, which was originally a 200 ...

Chipotle's stock price is down, but in a stock split, that's not a bad thing.Chipotle Mexican Grill (CMG -1.54%) has split its stock in a historic, 50-for-1 transaction (one of the biggest stock splits ever). It's the first time the company, which has been public since 2006, has split its stock, and many investors are likely happy about the news -- Chipotle has had a four-figure price tag since 2020.Management cited the usual reason for the stock split: to make it more accessible to employees and a broader ...

CMG will begin trading following the company's historic 50-for-1 stock splitAfter market close yesterday, shareholders of record as of June 18, 2024, received 49 additional shares for each share heldNEWPORT BEACH, Calif., June 26, 2024 /PRNewswire/ -- Chipotle Mexican Grill, Inc. (NYSE: CMG) today announced that its 50-for-1 stock split was effective after market close yesterday and its shares will begin trading on a post-split basis today.After market close yesterday, shareholders of record as of June 18, ...

Chipotle's momentum could continue if history is any guide.It didn't make a sound. It didn't shake the ground. But after the market closed on Tuesday, one of the biggest stock splits ever took place.Chipotle Mexican Grill (CMG 2.80%) announced on March 19, 2024, that its board of directors approved a 50-for-1 stock split. On June 6, the restaurant operator's shareholders approved the split. Following the market close on June 25, all shareholders of record as of June 18 received 49 additional shares for ever ...

This fast-casual chain has big expansion plans.Chipotle Mexican Grill (CMG 2.80%) shares, which soared to highs beyond $3,000 in recent times, today start trading at a new, more appetizing price. The company has completed its 50-for-1 stock split, one of the biggest in New York Stock Exchange history and a first-ever split for the fast-casual restaurant chain. As a result, the stock, considering the last closing price, is set to trade at around levels of $63 right now.This follows years of revenue growth fo ...