The stock market has gotten off to a red-hot start in 2024. The S&P 500 has risen 11%, and positive investor enthusiasm doesn’t appear to be slowing down. What I find encouraging is that these strong returns are spread out across many different sectors. One company that is performing particularly well is restaurant chain Chipotle […]
Chipotle Mexican Grill (NYSE: CMG) made headlines a couple of months ago that investors appear to be cheering for these days. Since the announcement of a 50-for-1 stock split in March, shares have climbed about 14%. Investors probably view this as a key catalyst that could send shares of this restaurant enterprise to new heights […]
When its 2023 fourth-quarter financials were released almost two months ago, Chipotle Mexican Grill (NYSE: CMG) announced results that easily beat Wall Street estimates. But in more recent times, shareholders are excited about a new development. On March 19, the Tex-Mex restaurant chain announced a massive 50-for-1 stock split. Since then, shares have climbed about […]
If you’re going to do something, do it big. That appears to be the mindset of Chipotle Mexican Grill‘s (NYSE: CMG) board of directors. 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 […]
Burrito-centric restaurant chain Chipotle Mexican Grill (NYSE: CMG) made its public market debut way back in 2006. But in June, it plans to do something it’s never done before: split its stock. 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 […]
(Reuters) – Chipotle Mexican Grill said on Tuesday its board had approved a 50-for-1 split of its common stock, sending the burrito chain’s shares about 7% higher in extended trading. The California-based company said the stock split was subject to shareholder approval at its upcoming annual meeting on June 6. If approved, shareholders of record […]
NEW YORK (AP) — In a rare move on Wall Street, Chipotle Mexican Grill’s board has approved a 50-for-1 stock split. In an announcement Tuesday, the burrito chain lauded the proposed split as one of the biggest in New York Stock Exchange history — while noting it believed the move would also boost accessibility of […]
There’s no denying that Chipotle (NYSE: CMG) is one of the most widely recognized companies in the world. Last year, the burrito purveyor even made the Time 100 list of Most Influential Companies for “helping farmers switch to organic produce, using renewable energy, composting, and directly tying executive bonuses to ESG goals.” The company was […]
(Reuters) – Chipotle Mexican Grill said on Tuesday its board had approved a 50-for-1 split of its common stock, sending the burrito chain’s shares about 7% higher in extended trading. The California-based company said the stock split was subject to shareholder approval at its upcoming annual meeting on June 6. If approved, shareholders of record […]
Chipotle Mexican Grill (CMG) announced late Tuesday that its board has approved a 50-for-1 stock split. Chipotle stock rose solidly overnight. X Shareholders will vote on the Chipotle stock split at the annual meeting on June 16. Chipotle stock jumped 4.4% in late trading. Shares climbed 0.9% to 2,797.56 on Tuesday, a record close. A […]