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 ...

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 ...