2024-06-05 10:32:00 ET
Chipotle Mexican Grill (NYSE: CMG) is one of the most recognized restaurant chains in the world. Its relentless focus on food quality and top-notch customer service has helped it build one of the most loyal followings among fast-food businesses.
With sizzling carne asada, tasty burritos, and fresh avocado, it's hard not to enjoy a meal at Chipotle. However, the company has something new brewing, and it has nothing to do with food.
Chipotle's board of directors recently approved a 50-for-1 stock split . Assuming that the company's shareholders add their approval on June 6, split-adjusted shares will hit the exchanges later this month.
For further details see:
Forget Carne Asada: Chipotle's 50-for-1 Sizzling New Stock Split Is About to Be on the Menu for Investors