Should You Buy Chipotle Stock Ahead of Its 50-for-1 Stock Split? [Yahoo! Finance]
Chipotle Mexican Grill, Inc. (CMG)
Last chipotle mexican grill, inc. earnings: 4/21 04:10 pm
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ir.chipotle.com
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Source: Yahoo! Finance
Management is proposing a massive 50-for-1 stock split , meaning investors will receive 49 additional shares for every share they currently own. It's not quite a done deal yet as the plan needs shareholder approval, but it's likely to go through. Stock splits are enjoying their time in the financial headlines. However, there are more important things to watch with Chipotle stock, and there's only one thing that could be meaningful when it comes to the 50-for-1 split. What investors need to know There's no reason to rush out and buy Chipotle stock ahead of its stock split because stock splits don't do anything to create shareholder value . As of this writing, Chipotle stock trades near $3,000 per share. After the 50-for-1 split, it will trade closer to $60 per share -- no value created or lost. In the future, Chipotle will create shareholder value as it has in the past -- with profitable growth of its business. Chipotle really has been a marvel since it went public. The comp
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CMG
Earnings
- 4/24/24 - Beat
CMG
Sec Filings
- 4/26/24 - Form 144
- 4/26/24 - Form 144
- 4/26/24 - Form 144
- CMG's page on the SEC website