Chipotle: Buy, Sell, or Hold?
Chipotle Mexican Grill(CMG) The Motley Fool·2024-04-14 16:05
Chipotle is set to split its stock in June. Here's how investors should handle the news.Last month, Chipotle Mexican Grill (CMG -1.11%) announced plans for a 50-for-1 stock split. Since the announcement, the fast-casual Mexican restaurant's stock has jumped 7% to an all-time high of about $3,000 per share. Those latest gains capped off a one-year surge of more than 70%. Given this strong rally and the excitement around the 50-for-1 split, let's dive into this business to see how investors should proceed wit ...