Chipotle Announces First-Ever 50-for-1 Stock Split

The massive split aims to make shares more accessible, with the company's growth continuing to drive value.

Chipotle Mexican Grill announces its first-ever stock split, a massive 50-for-1 split, aiming to make shares more accessible to a wider range of investors.
The stock split, scheduled for June, requires shareholder approval but is expected to pass, with shares trading near $3,000 each pre-split.
Despite the split, Chipotle's growth and value creation are attributed to its business expansion and increasing sales per location, not the stock split itself.
Chipotle's revenue grew 14.3% year over year in 2023, with plans to double its North American locations to over 7,000.
Investors are advised to focus on Chipotle's business fundamentals rather than the stock split, with strategies like buy-write options suggested for managing stock valuation concerns.