Why a 50-for-1 Stock Split Is Not Game Changing for Chipotle Stock [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
The stock rose 4% in the following trading session, a possible sign of further interest in the stock. However, the likelihood of this split fundamentally helping Chipotle shareholders is low due to the actual effects of such a move. Instead, investors should look to the core business factors that drove Chipotle higher over the last 18 years rather than this latest milestone. Chipotle and the stock split Admittedly, the stock split sounds impressive on the surface. The fact that it plans this split in the first place is a testament to the fast-casual restaurant chain's long-term growth. Nonetheless, stock splits do not change the value of your position. If you own 100 shares of Chipotle, it may feel rewarding to see that turn into 5,000 shares. Still, the total value of your holdings will remain the same. Where the stock split may help is it likely improves Chipotle in the eyes of small investors. With the stock at $58 per share instead of $2,900, small investors may feel they
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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