We are almost three months into 2024, and it's nothing new from Chipotle Mexican Grill (CMG -0.79%). Shares of this popular Tex-Mex restaurant chain are up 27% year to date. And in the past five years, this top restaurant stock is up more than fourfold, crushing the gains of both the S&P 500 and Nasdaq Composite. In fact, shares have climbed from just $22 when Chipotle went public in early 2006 to over $2,900 per share as of this writing. This incredible run has spurred management to announce a 50-for-1 sto ...

Burrito-centric restaurant chain Chipotle Mexican Grill (CMG -0.79%) made its public market debut way back in 2006. But in June, it plans to do something it's never done before: split its stock.Management is proposing a massive 50-for-1 stock split, meaning investors will receive 49 additional shares for every share they currently own. It's not quite a done deal yet as the plan needs shareholder approval, but it's likely to go through.Stock splits are enjoying their time in the financial headlines. However, ...

Investors are cheering Chipotle Mexican Grill's (CMG -0.79%) stock following the announcement of its 50-for-1 stock split. The stock rose 4% in the following trading session, a possible sign of further interest in the stock.However, the likelihood of this split fundamentally helping Chipotle shareholders is low due to the actual effects of such a move. Instead, investors should look to the core business factors that drove Chipotle higher over the last 18 years rather than this latest milestone.Chipotle and ...

Chipotle Mexican Grill (CMG -0.79%) made waves this week with the announcement of its first-ever stock split. But this isn't any old stock split; it's one of the largest in market history, splitting each share into 50 pieces. It's been a long time coming; Chipotle stock has traded at a four-digit price tag for about four years, and it's gained about 175% in that time, almost tripling in price.Let's go through the reasons Chipotle is splitting its stock, and whether or not the stock is a buy right now.What a ...

Brandon Bell/Getty Images NewsToday's article zooms in on Chipotle Mexican Grill, Inc. (NYSE:CMG), a North American consumer staples company that recently announced an intended stock split. We covered Chipotle in September 2022, assigning a bullish rating on its prospects after critiquing Bill Ackman's then-long position. Our Previous CMG Stock rating (Seeking Alpha)Our call on Chipotle's stock worked out well as it surged by more than 85% ever since. However, the time has come to revisit Chipotle's pr ...

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 ...