Chipotle Mexican Grill (CMG) investors will soon see a much larger number of shares in their portfolios after Chipotle stock undergoes a 50-for-1 split after markets close Tuesday, with investors gaining 49 new shares for each one they owned before the split.
Chipotle reinvented the gap between fast food and casual dining, and it continues to shake things up. Teladoc hit another eight-year low on Thursday.
Next to artificial intelligence (AI), "stock splits" are the hottest trend on Wall Street. Eight top-tier businesses that are out-executing and out-innovating their competition have announced forward-stock splits since 2024 began.
Chipotle is launching its first-ever stock split and one of the biggest in New York Stock Exchange history. The 50-for-1 stock split means the stock will soon trade for about $64 instead of more than $3,200.
The fast-casual restaurant chain's shares closed Friday at $3,210.49.
Chipotle (NYSE: CMG ) has long dominated the fast-casual restaurant space, leading to blistering growth. Subsequently, its success saw CMG stock rise well beyond the $3,000 per-share price level, making it inaccessible to retail investors who lack access to fractional share ownership.
Chipotle's (NYSE: CMG ) 50-for-1 stock split, one of the largest in the New York Stock Exchange's history, is just around the corner. Participating shareholders of record on June 18 have already been locked into the split, and those investors will see the stock split reflected at the close of trading on June 25.
Form 13F filings allow investors an inside look at what Wall Street's smartest money managers have been buying and selling. Billionaire Bill Ackman is selling shares of a top-performing consumer-facing business that's set to conduct its first-ever stock split next week.
Chipotle Mexican Grill (NYSE: CMG) stock price has done well in the past few years, making it one of the best-performing companies in the industry. It has soared by more than 56% in the past 12 months and by 335% in five years.
Shares in fast casual restaurant chain Chipotle Mexican Grill (CMG) will likely remain in focus Friday following a 6.2% decline on Thursday, their largest daily percentage loss since last July. The sell-off comes ahead of a 50-for-1 stock split that takes effect next Wednesday, an event that will make the company's shares more accessible to a wider range of investors.
We have narrowed our search to five restaurant stocks that have provided strong year-to-date returns. These are: CMG, EAT, WING, TXRH, LOCO.
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