There's little question that Chipotle Mexican Grill (CMG 3.48%) has changed the restaurant industry on its way to dominating the fast-casual concept it helped pioneer. The company further cemented its place in restaurant history using local sourcing and organic produce whenever possible. The results are undeniable: Its stock price is up nearly 400% over the past decade.One Wall Street analyst believes there's more growth on the menu.A tasty investmentDeutsche Bank analyst Lauren Silberman raised her price t ...

Chipotle Mexican Grill (CMG) shares ended the last trading session 3.5% higher at $2,895. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 8.4% gain over the past four weeks.Chipotle's shares surged after it revealed plans for a 50-for-1 stock split aimed at enhancing accessibility for employees and a broader range of investors. The strategic move aligns with the company's exceptional stock performance. Pending appr ...

Two large-cap stocks that may be catching investors' attention are Chipotle Mexican Grill (CMG)  and IBM (IBM)  as both have been on the cusp of reaching higher highs.Driven by a remarkable turnaround in its sales growth IBM shares hit 52-week highs of $199.18 last Tuesday. Meanwhile, Chipotle’s continued expansion has been magnified by the company planning a 50 to 1 stock split and hit peaks of over $3,000 a share today.Having a dominant footprint in their respective industries, IBM has a market capitaliza ...

Sports-minded investors may be getting ready to watch their favorite team play in the “Big Dance” which is March Madness. But there are some stocks making investors dance for madness of a different kind.  Investors who own Nvidia (NASDAQ:NVDA) know that madness refers to the booming demand for artificial intelligence (AI). Since the words Chat GPT became a household name one year ago, NVDA stock is up 236%, and several analysts have price targets of $1,000 or higher.  That’s one example of AI stocks making ...

Chipotle Mexican Grill’s stock breached the $3,000 mark for the first time on record, rising as much as 8% on Wednesday after the burrito chain’s board approved a 50-for-1 stock split as the company looks to make the stock less expensive for potential investors.Shares of the California-based company have rallied to record levels over the past year powered by strong earnings owing to solid demand for burritos and rice bowls among its relatively wealthier customer base. The stock was recently at $2,909.Shares ...

Chipotle's board of directors approved a 50-for-1 split of its common stock, following a similar move by Walmart earlier this year.    "This is the first stock split in Chipotle's 30-year history, and we believe this will make our stock more accessible to employees as well as a broader range of investors," CFO Jack Hartung said. The stock is currently trading above $2,966 per share. Ticker Security Last Change Change % CMG CHIPOTLE MEXICAN GRILL INC. 2,979.00 +181.43 +6.49% If the split, which is one of th ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Key PointsChipotle Mexican Grill stock is up nearly 6% after the company announced plans for a 50-for-1 stock split in June. The split has been rumored for months as the fast-casual chain continues to deliver strong revenue and earnings growth fueled by high demand. There are many reasons to own CMG stock, but you may want to wait until after the split if you don't already own the stock.  5 stocks we like better than Chipotle Mexican GrillShares of Chipotle Mexican Grill Inc. NYSE: CMG shot up nearly 6% in ...

Chipotle Mexican Grill (NYSE:CMG) will conduct a 50-for-1 CMG stock split. While the news has no direct impact on the Mexican bowl-and-wrap chain’s value, it sent CMG stock up 5% overnight. Shares were trading in the pre-market at $2,939 each. The post-split price on those shares would be $59, but the market capitalization remains the same at about $81 billion. The number of shares will increase from 27.42 million to a post-split 1.371 billion.More Chips, PleaseChipotle came public 18 years ago at $22 per s ...

Chipotle (NYSE:CMG) stock could see a major catalyst when June 6 rolls around as the Mexican fast food chain eyes a stock split.The Board of Directors at Chipotle has approved a 50-for-one stock split. Now it just needs shareholders to vote in favor of the split during a meeting on June 6.Chipotle Chief Financial and Administrative Officer Jack Hartung said the following about the split.“This is the first stock split in Chipotle’s 30-year history, and we believe this will make our stock more accessible to e ...