Chipotle Just Split Its Stock 50-for-1. Here's What Investors Need to Know. [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
If you're a shareholder, don't panic. You'll notice you have 50 times the shares you used to have. It's essentially a wash in terms of net value for your portfolio. So why did Chipotle do this? A forward split allows a company to make its shares accessible to a wider audience. For many retail traders, the more than $3,000 price tag that shares carried just a day ago was too steep. They were effectively locked out of the ability to invest. As Chipotle's CFO noted, this is true for a lot of employees of Chipotle. Reducing the stock price allows for buy-in from employees on the ground floor. Although the move doesn't in and of itself change your portfolio value, it may have a positive effect on the stock price over time. Forward splits are often followed by upward movement in the stock price, but it's hard to say if it's just a coincidence, given that many forward stock splits happen when a stock already has positive momentum behind it. Rather than getting hung up on any short-term
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News
- Why the Market Dipped But Chipotle Mexican Grill (CMG) Gained Today [Yahoo! Finance]Yahoo! Finance
- A Wells Fargo analyst ordered the same Chipotle burrito bowl 75 times and found the portion problem is real [Yahoo! Finance]Yahoo! Finance
- An analyst ordered 75 Chipotle burrito bowls to test portion sizes [Yahoo! Finance]Yahoo! Finance
- A Wells Fargo analyst ordered the same Chipotle burrito bowl 75 times and found the portion problem is real [Fortune]Fortune
- Chipotle Mexican Grill, Inc. (NYSE: CMG) had its "outperform" rating re-affirmed by analysts at Raymond James. They now have a $70.00 price target on the stock, up previously from $67.00.MarketBeat
CMG
Earnings
- 4/24/24 - Beat
CMG
Sec Filings
- 6/14/24 - Form 4
- 6/13/24 - Form 144
- 6/10/24 - Form SC
- CMG's page on the SEC website