Chipotle (NYSE:CMG) has long dominated the fast-casual restaurant space, leading to blistering growth. Subsequently, its success saw CMG stock rise well beyond the $3,000 per-share price level, making it inaccessible to retail investors who lack access to fractional share ownership. As a result, management will implement a 50-for-1 share split. While the move should boost accessibility, valuation concerns linger.According to the company’s press release, CMG stock will begin trading on a post-split basis on ...

Chipotle’s (NYSE:CMG) 50-for-1 stock split, one of the largest in the New York Stock Exchange’s history, is just around the corner. Participating shareholders of record on June 18 have already been locked into the split, and those investors will see the stock split reflected at the close of trading on June 25. The shares will officially begin trading at the split-adjusted level on June 26.The Huge CMG Stock Split Was Approved by ShareholdersCMG stock is up 43% year-to-date and has gained a whopping 343% in ...

Ackman's Pershing Square Capital Management dumped roughly 10% of its stake in its largest and longest-held position.If there's one thing Wall Street doesn't lack, it's data. Between earnings season and monthly economic data releases, it can be easy for investors to get overwhelmed and miss something important.Roughly five weeks ago, during the heart of earnings season, what's arguably the most important data release of the quarter occurred. I'm talking about the May 15 deadline for institutions to file For ...

Key TakeawaysChipotle shares dropped more than 6% on Thursday, just days before a 50-for-1 stock split in the fast casual restaurant chain's shares.Institutional investors may be booking profits ahead of next Wednesday's split, given the stock has gained more than 40% since the start of the year and has more than doubled since the start of 2023.A potential bull trap pattern and bearish divergence indicates weakening momentum in the burrito maker's share price.Chipotle shares may find support near key Fibona ...

The U.S. restaurant industry continues to be impacted by high wages, food cost inflation and traffic woes in 2024 after two years of strong growth. The Zacks defined Retail – Restaurants industry is currently in the bottom 38% of the Zacks Industry Rank.In the past year, the industry has declined 6.4%, while its year-to-date return is a negative 1.8%. Since it is ranked in the bottom half of Zacks Ranked Industries, we expect the restaurant industry to underperform the market over the next three to six mont ...

Most millionaires reach that level of wealth by investing their cash into profitable assets. Investments allow your money to work for you, and the growth becomes more pronounced once you get past the first $100,000. That milestone is the hardest part about being a millionaire. That’s because of how percentages work. If your $10,000 portfolio goes up by 10%, you only have $11,000. That’s still better than nothing, but if you generate that same return on a $500,000 portfolio, your portfolio will gain an addit ...

Cava Group's stock may have a promising future, but it may not appear more favorable than Chipotle's upon closer inspection.Chipotle Mexican Grill (CMG 1.85%) has emerged as one of the strongest restaurant stocks in recent years. Its success has led to a gain of more than 110-fold over the last 18 years and, subsequently, an upcoming 50-for-1 stock split.Some hope Cava Group (CAVA 1.54%) is a second-chance stock for those who missed out on Chipotle. Like Chipotle, it is a rapidly expanding restaurant chain ...

The S&P 500 is a market index of the 500 largest publicly traded companies in the U.S. stock market exchange. The S&P 500 has around 80% of the entire market capitalization of public companies in the country, and it is generally known as the more reliable investment.However, investors should still be cautious about buying S&P 500 stocks and should complete due diligence beforehand. Specifically, during this time of high interest rates, consumer discretionary companies often struggle to bring high returns if ...

As I noted in a previous column, many Americans reported in a recent survey that they intend to spend more money on food going forward. That bodes well for Chipotle Mexican Grill (NYSE:CMG), which has become one of America’s most popular restaurant chains. What’s more, in the first quarter of the year, Chipotle’s comparable restaurant sales, profits and profit margins all increased by impressive amounts and the company is continuing to innovate effectively and open significant amounts of new restaurants. In ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the tr ...