Chipotle Mexican Grill Approves 50-for-1 Stock Split

Shareholders to Receive 49 Additional Shares for Each Share Held

Chipotle Mexican Grill (CMG) announced on Tuesday that its board of directors has approved a 50-for-1 stock split. Record shareholders as of June 18, 2024, will receive 49 additional shares for each share held. The post-split shares will begin trading on Wednesday, June 26, 2024.

Chipotle's stock closed at $3193.74 per share on Monday. At the same price after the split, shareholders would hold shares worth a total of $63.87 each. The split is intended to make Chipotle's shares more affordable to a broader range of investors and increase the liquidity of the company's stock.

Conclusion

Chipotle's stock split is a positive sign for the company's long-term prospects. It demonstrates the company's confidence in its future growth and its commitment to rewarding shareholders. The split is also a testament to the strength of Chipotle's brand and its loyal customer base. The company's stock has outperformed the market in recent years, and analysts predict continued growth in the future.