Reported 11 months ago
Chipotle Mexican Grill is splitting its stock for the first time in its 30-year history, with current shareholders receiving 49 shares for every one share they own. This move comes after the company's stock price soared past $3,000, making it more accessible for a wider range of investors. Even though the stock split doesn't directly impact the company's value, it reflects optimism for future growth. Despite Chipotle's strong earnings and expansion plans, the stock's high valuation may deter some investors, but long-term growth investors could still find potential in the restaurant giant post-split.
Source: YAHOO