Chipotle Mexican Grill had never conducted a stock split before this week. Overall, stocks tend to beat the S&P 500 during the 12 months after announcing a stock split.
Chipotle just completed one of the biggest stock splits in New York Stock Exchange history. The move brings its stock down to about $63 from more than $3,000.
After a sustained period of strong performance and growth, Chipotle announced a 50-for-1 stock split. Companies that split their shares tend to outperform their peers in the year to come.
Today is the day. Chipotle (NYSE: CMG ) will be finally be splitting its stock on a 50-for-1 basis.
Investors wondering where Chipotle Mexican Grill's NYSE: CMG stock price will go from here should be comforted to know this market will likely continue to rise. That is because the meteoric rise in the share price is driven by fundamental factors, including growth, margin, and an outlook for accelerating growth as the international expansion gains momentum.
Shares of the burrito chain will begin trading on a post-split basis at the market open on Wednesday, June 26.
As stock markets look to close off the first half of 2024, things could get a bit bumpier. With Nvidia (NASDAQ: NVDA ) correcting nearly 10% from its all-time high, the GPU maker is no longer the world's largest company at the time of writing.
Chipotle continues to open new restaurants while generating strong comps growth. Its restaurant-level operating margins are also expanding.
Chipotle is spicing up its stock with its 50-for-1 split set to begin trading on Wednesday. The move will allow more investors access to the high-priced equity.
Growth stocks to buy on the dip have the potential to significantly outperform the stock market. Some of these assets can accumulate generational returns and get passed down to your heirs.
Stock-split stocks have, arguably, become the hottest trend on Wall Street. Chipotle Mexican Grill will complete its first-ever stock split following the close of trading on June 25.
Chipotle will split its stock 50-for-1 on June 26. The company has seen incredible growth over the last few years that looks to be continuing.