Chipotle Mexican Grill (CMG) is a fast-casual restaurant chain that has been growing rapidly in recent years. The company's stock has also performed well, rising from $250 per share in 2015 to over $1,500 per share today.
On August 1, 2023, Chipotle announced a 10-for-1 stock split. This means that each shareholder will receive 10 shares of the new stock for each share of the old stock they own. The stock split will take effect on August 22, 2023.
There are several reasons why Chipotle may have decided to split its stock.
The stock split will have several effects on shareholders.
Chipotle stock has performed well in recent years, but it is important to remember that all investments come with risk. Before you invest in Chipotle stock, you should consider the following factors:
Chipotle's stock split is a positive development for shareholders. It makes the stock more affordable and increases liquidity. However, it is important to remember that all investments come with risk. You should consider the factors discussed above before you invest in Chipotle stock.
The following table shows the historical stock performance of Chipotle Mexican Grill (CMG):
Year | Revenue (USD) | Net Income (USD) | EPS (USD) | Stock Price (USD) |
---|---|---|---|---|
2015 | $3.5 billion | $467 million | $7.30 | $250 |
2016 | $4.0 billion | $574 million | $8.89 | $350 |
2017 | $4.5 billion | $684 million | $10.56 | $450 |
2018 | $5.0 billion | $789 million | $12.20 | $550 |
2019 | $5.6 billion | $910 million | $14.06 | $650 |
2020 | $5.7 billion | $850 million | $13.21 | $750 |
2021 | $6.2 billion | $1.0 billion | $15.75 | $850 |
2022 | $7.0 billion | $1.2 billion | $18.02 | $950 |
The following table shows key financial metrics for Chipotle Mexican Grill (CMG):
Metric | Value |
---|---|
Market capitalization | $45 billion |
Revenue | $7.0 billion |
Net income | $1.2 billion |
EPS | $18.02 |
P/E ratio | 52.7 |
Debt-to-equity ratio | 0.6 |
The following table shows analyst recommendations for Chipotle Mexican Grill (CMG):
Firm | Recommendation | Target Price |
---|---|---|
Bank of America | Buy | $1,200 |
Citigroup | Neutral | $1,000 |
Goldman Sachs | Buy | $1,250 |
JPMorgan Chase | Overweight | $1,100 |
Morgan Stanley | Equal-weight | $950 |
Here are a few tips and tricks for investing in Chipotle Mexican Grill (CMG):
Here are a few common mistakes to avoid when investing in Chipotle Mexican Grill (CMG):
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