There's no denying that Chipotle (CMG 0.87%) is one of the most widely recognized companies in the world. Last year, the burrito purveyor even made the Time 100 list of Most Influential Companies for "helping farmers switch to organic produce, using renewable energy, composting, and directly tying executive bonuses to ESG goals." The company was also cited for its savvy approach to social media.Its continuous execution and impressive business performance have contributed to a surging stock price. Over the p ...

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) are 6.1% higher in premarket action, after the fast-casual chain's board of directors approved a 50-for-1 split -- the company's first stock split ever. In a statement, Chipotle's CFO Jack Hartung said the split will make CMG "more accessible to employees as well a a broader range of investors."Should these premarket gains hold, Chipotle stock will open at around $2,950, surpassing its March 18 record high of $2,813.99. The stock has ripped up the charts ove ...

In the latest market close, Chipotle Mexican Grill (CMG) reached $2,797.56, with a +0.87% movement compared to the previous day. The stock exceeded the S&P 500, which registered a gain of 0.57% for the day. Meanwhile, the Dow experienced a rise of 0.83%, and the technology-dominated Nasdaq saw an increase of 0.39%.The the stock of Mexican food chain has risen by 6.74% in the past month, leading the Retail-Wholesale sector's gain of 2.73% and the S&P 500's gain of 2.97%.The investment community will be payin ...

Chipotle Mexican Grill Inc (NYSE: CMG) is up 7.0% in extended hours after announcing plans of a 50-for-1 stock split.Why is $CMG opting for a stock split?Copy link to sectionThe international chain of fast casual restaurants will seek shareholder approval for the stock split at its annual meeting in June, as per its press release on Tuesday.   $CMG will trade on split-adjusted basis from June 26th provided that it does secure that approval. According to Jack Hartung – the chief financial officer of Chipotle ...

RESTAURANT GENERAL MANAGERS WILL RECEIVE SPECIAL EQUITY GRANT NEWPORT BEACH, Calif., March 19, 2024 /PRNewswire/ -- Chipotle Mexican Grill, Inc. (NYSE: CMG) today announced that its Board of Directors approved a 50-for-one split of its common stock. This would be one of the biggest stock splits in New York Stock Exchange (NYSE) history. The stock split is subject to shareholder approval of an amendment to the Company's Certificate of Incorporation to increase the number of authorized shares of common stock ...

Long-term retirement stocks often avoid the extremes of investing. One extreme feature is high gains that aren’t sustainable and can lead to significant losses once the music stops. The other extreme is a high-yield dividend stock that only offers cash flow and nothing else. These stocks stay flat over many years, while growth stocks blow them in the dust.Retirement stocks have to avoid the pitfalls of excessive volatility and cash flow without any appreciation. These three stocks check the boxes and are at ...

Recent times have been anything but normal for investors thanks to the global pandemic and ongoing macro headwinds. However, some businesses have continued to thrive.In the past three years, shares of Chipotle Mexican Grill (CMG 0.29%) have soared 89%. The Tex-Mex restaurant chain keeps posting strong financial results. And its investors have been rewarded with a gain that exceeds the broader S&P 500.But where will Chipotle stock be three years from now? Let's take a closer look.Strong fundamentalsThis busi ...

Generally speaking, restaurants are a lousy business. The failure rate is relatively high, and profit margins are relatively low.Every now and then, though, certain restaurant concepts just click with people. Chipotle Mexican Grill (CMG 0.29%) is one of those concepts. Fresh, custom-built burritos are a hit! That's why its top line is expected to grow nearly 14% this year and repeat the feat next year. Half of its recent, comparable growth stems from new store openings; the other half reflects existing-stor ...

Chipotle Mexican Grill, Inc. (CMG) is likely to benefit from strong comp performance Chipotlane add-ons and digital initiatives. Also, the emphasis on menu innovation bodes well. However, inflationary pressures are a concern.Let’s delve deeper.Key CatalystsChipotle benefits from strong comps performance. During the fourth quarter of 2023, comparable restaurant sales increased 8.4% year over year. The upside can be attributed to higher transactions, increased average checks and new restaurant openings. This ...

Chipotle Mexican Grill (CMG) closed the latest trading day at $2,722.69, indicating a +0.11% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily loss of 0.19%. At the same time, the Dow added 0.1%, and the tech-heavy Nasdaq lost 0.54%.Shares of the Mexican food chain have appreciated by 4.64% over the course of the past month, outperforming the Retail-Wholesale sector's gain of 2.94% and the S&P 500's gain of 3.18%.The investment community will be closely mon ...