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Chipotle is cutting prices—for investors. The fast-casual food chain has announced a 50-for-1 stock split, the first stock split in its 30-year history. Assuming shareholders approve the deal ...
Chipotle’s board announced that it approved a 50-for-1 stock split on Tuesday, which the company called one of the biggest stock splits in New York Stock Exchange history.
In Chipotle's case, the board has approved a 50-for-1 stock split — meaning each Chipotle share is set to be split into 50 smaller shares.
Chipotle Mexican Grill, Inc. ( / tʃɪˈpoʊtleɪ /, chih-POHT-lay ), [3] often known simply as Chipotle, is an international chain of fast casual restaurants specializing in bowls, tacos, and Mission burritos made to order in front of the customer.
Chipotle is a prominent holding of hedge fund manager Bill Ackman, the CEO of Pershing Square Capital Management. In March, Chipotle's Board of Directors approved a 50-for-1 stock split.
Generally, stock splits don't impact company fundamentals because they make shares cheaper without influencing market cap or valuation relative to earnings. But Chipotle's stock split is part of a ...
Today, Chipotle's stock is trading at close to 70 times its trailing earnings. But investors have paid higher multiples for the stock in the past.
In mid-March, Chipotle's board announced plans to conduct a 50-for-1 forward split that would take effect on June 26 (assuming shareholders approve the split at the company's annual meeting in ...