This is one of the biggest stock splits in New York Stock Exchange (NYSE) historyThe record date is June 18 and the stock will begin trading on a post-split basis on June 26NEWPORT BEACH, Calif., June 6, 2024 /PRNewswire/ -- Chipotle Mexican Grill, Inc. (NYSE: CMG) today announced that during its annual meeting, its shareholders approved an increase in the number of authorized shares of its common stock, which is necessary to facilitate the company's 50-for-1 stock split. This will be one of the biggest sto ...

Just because a business is thriving, it doesn't mean investors should automatically buy shares.Had you invested in the S&P 500 five years ago, you would have more than doubled your initial capital outlay. But an investment in Chipotle Mexican Grill (CMG 2.24%) back then would have soared nearly fivefold. The momentum has continued; shares are up 35% just this year.You might be eyeing this booming restaurant stock as a potential addition to your portfolio. But before you make a decision, here are two things ...

Portillo's is growing faster and shares are cheaper than Chipotle.Chipotle (CMG 2.24%) has been one of the top-performing restaurant stocks of the past decade, but it's now so expensive there's limited upside for investors. In this video, Travis Hoium explains why Portillo's (PTLO 0.90%) is a much better buy for investors.*Stock prices used were end-of-day prices of June 4, 2024. The video was published on June 5, 2024. ...

Chipotle's stock split is set for later this month.One stock that has arguably been overdue for a stock split is Chipotle Mexican Grill (CMG 2.24%). Trading at roughly $3,089 per share, its price tag is among the highest you'll find in the S&P 500. While it can be difficult to predict if and when a company will split its shares, it's a move that can make sense when a share price reaches this level. At a lower price point, investors don't need to buy fractional shares, and thus, it becomes accessible to a wi ...

NEWPORT BEACH, Calif., June 5, 2024 /PRNewswire/ -- Chipotle Mexican Grill (NYSE: CMG) will host a conference call on Wednesday, July 24, 2024 at 4:30 PM Eastern time to discuss second quarter financial results and provide a business update for the third quarter to date. A press release with first quarter financial results will be issued at approximately 4:10 PM Eastern time on Wednesday, July 24, 2024.    Participants can join the conference call by dialing 1-888-317-6003 and will be prompted to enter the ...

The Chipotle (NYSE:CMG) portion size controversy has finally attracted the attention of the fast-food chain’s leadership with CEO Brian Niccol weighing in on the matter.The Chipotle portion size controversy stems from customers who claim the company has secretly reduced how much it includes in a serving. This has led to some customers filming employees in an attempt to get their portion sizes increased.Here’s what the Chipotle CEO said about the portion size controversy while speaking to Fortune.“One of the ...

Would it be better to buy shares of the fast-casual Mexican food chain before the split or after?Chipotle Mexican Grill (CMG 0.42%) is one of the most recognized restaurant chains in the world. Its relentless focus on food quality and top-notch customer service has helped it build one of the most loyal followings among fast-food businesses.With sizzling carne asada, tasty burritos, and fresh avocado, it's hard not to enjoy a meal at Chipotle. However, the company has something new brewing, and it has nothin ...

The fast-casual restaurant chain has been an incredible growth play.Chipotle Mexican Grill's (CMG 0.08%) stock has rallied about 50% over the past 12 months and is currently hovering near its all-time high. The fast-casual restaurant chain repeatedly impressed investors with its robust comparable-store sales growth and expanding margins, even as inflation curbed consumer spending and drove up its labor and food costs.But is too late to buy Chipotle's stock at these levels? Let's review its growth rates and ...

Two household-name stocks could soon become more affordable for everyday investors. One is pretty much guaranteed to split its stock very soon, and the move would also fit the other company's management style.Stock splits are often misunderstood. They don't change the fundamental value of a company; instead, they increase the number of shares available, making them more accessible to a broader range of investors.It's similar to peeling and segmenting an orange. The orange remains the same, but the smaller p ...

Compound investing, coupled with stocks that undergo stock splits, presents an ideal investment opportunity for first-time investors and those seeking to diversify their portfolios. Chipotle’s (NYSE: CMG) stock ticks all the sections on this list.With a remarkable growth of over 7,000% since its IPO, CMG stock is set to undergo a 50-1 stock split on June 18, pending likely board approval, making its price much more affordable to new investors.CMG stock all-time price chart. Source: Google FinanceWhat makes ...