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Chipotle stock split: what investors need to know.
Chipotle's 3-for-1 stock split takes effect Wednesday. Shareholders get two extra stocks for each they own, tripling their stock holdings but leaving the company value unchanged. This rewards current investors and might attract new ones, but it does nothing to improve the company performance.
Published June 25, 2024 at 3:06am by James Powel
Chipotle's Massive 50-For-1 Stock Split Goes Into Effect
Chipotle shareholders are in for a treat as the company's stock split takes effect post-trading on Tuesday. A 50-for-one split makes shares more accessible and affordable, says CFO Jack Hartung.
Shareholder Bonus
Investors holding shares by EOD June 18 are part of history. For each share after Tuesday's close, they get 49 more, with price adjustments. Trading on this basis starts Wednesday.
Stock Stats
- Monday close: $3,193.74
- Post-split price (if same Tuesday close): $63.87
- Post-split high: $685.42 (June 18)
- Q1 results: $2.7B revenue, 16.3% op. profit
- New restaurants: 47, 43 with "Chipotlane"
Read more: Chipotle stock split takes effect Tuesday. Here's how it will affect investors