Time to Buy Chipotle Before Its Massive Stock Split? [Yahoo! Finance]
Chipotle Mexican Grill, Inc. (CMG)
Last chipotle mexican grill, inc. earnings: 4/21 04:10 pm
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US:NYSE Investor Relations:
ir.chipotle.com
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Source: Yahoo! Finance
A huge split is coming up for Chipotle Mexican Grill (NYSE: CMG) , which is doing a 50-to-1 exchange, estimated to occur on June 26. Investors have gotten excited and sent shares of Chipotle close to all-time highs at around $3,000 a share. I am here to tell you that stock splits don't matter. A stock is worth the future cash it will distribute back to shareholders, discounted back to today. For Chipotle, it is irrelevant whether it has one share that trades at a price of $80 billion (its current market capitalization) or 80 billion shares trading for $1. An investor will make money if the company generates more in earnings. Forgetting the irrelevant stock split, how does Chipotle stack up when doing fundamental analysis? Should you buy the stock at current prices? Let's take a closer look and find out. A lot of room for store count growth As the premier fast-casual restaurant chain for Mexican grub, Chipotle now has 3,437 store units, mostly in the United States. Over the lon
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- Chipotle Responds To California Wage Hike By Raising Prices [Yahoo! Finance]Yahoo! Finance
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CMG
Earnings
- 4/24/24 - Beat
CMG
Sec Filings
- 4/29/24 - Form 4
- 4/29/24 - Form 4
- 4/29/24 - Form 4
- CMG's page on the SEC website