2024-08-01 04:00:00 ET
Would you believe me if I told you that a company that makes burritos and tasty Mexican-inspired bowls has outperformed the S&P 500 over the last 10 years?
Shares of fast-casual restaurant chain Chipotle Mexican Grill (NYSE: CMG) have absolutely trounced the broader market over the last decade.
After soaring 275% over the last 10 years, Chipotle finally decided to implement a 50-for-1 stock split last month. Although stock splits do not inherently change the market capitalization of a company, the lower share price is often perceived by investors as more affordable, thereby opening up trading activity to a broader base.
For further details see:
Is Chipotle Stock a Good Buy After Its 50-for-1 Split?