Should You Buy Chipotle Stock Before Its Ginormous 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
Last Tuesday, Chipotle announced that its board approved a 50-for-1 stock split . It's not a done deal just yet. Shareholders must approve the stock split at the annual meeting scheduled for June 6. However, assuming there are no roadblocks, the Mexican restaurant chain will split its shares after the market closes on June 25. Should you buy Chipotle stock before its ginormous 50-for-1 stock split? One of the biggest stock splits ever Before we address whether to buy Chipotle stock, let's first look at the historic nature of the company's upcoming move. Chipotle noted in its press release last week, "This would be one of the biggest stock splits in New York Stock Exchange (NYSE) history." Why is Chipotle's stock-split ratio so unusually high? For one thing, the restaurant chain has never conducted a stock split in its 30 years of operations. Companies that conduct stock splits more frequently typically will have lower stock-split ratios. The main reason, though, is simply tha
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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