Reported 8 months ago
Chipotle is implementing a 50-for-1 stock split, where each shareholder will receive 50 shares for each one they hold, reducing the price per share from about $3,220 to $64. Chief financial officer Jack Hartung stated that this aims to make the stock more accessible to employees and a wider range of investors. Stock splits like this are meant to make stocks more affordable without impacting existing shareholders negatively, with research suggesting that companies that split their stock tend to outperform the S&P 500 in the short term. Trading at the split-adjusted price begins on June 26th.
Source: YAHOO