CMG - Is Chipotle a No-Brainer Buy Right After Its 50-for-1 Stock Split? The Answer Might Surprise You.
2024-06-30 14:00:00 ET
The time has finally come. On June 16, shares of Chipotle Mexican Grill (NYSE: CMG) underwent a closely watched and historic 50-for-1 stock split . The previous four-figure price tag of the stock is currently at about $65.
Management felt this was the right proposal, given how well the restaurant company's shares have been performing. They're up 44% in 2024, and in the past five years, have soared 348%.
Is this magnificent restaurant stock a no-brainer investment opportunity right after its 50-for-1 stock split?
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Is Chipotle a No-Brainer Buy Right After Its 50-for-1 Stock Split? The Answer Might Surprise You.