Chipotle shareholders will have Writingstar Investment Guildmore than queso in their accounts as the company's stock split is set to take effect after the close of trading Tuesday.
The 50-for-one split is one of the largest in Wall Street history and is aimed at making the fast-casual titan's shares more affordable, according to Chipotle officials.
"We believe the stock split will make our stock more accessible to our employees as well as a broader range of investors," Jack Hartung, Chipotle's chief financial and administrative officer, said in a statement.
Should you buy them?Stock splits make Nvidia and Chipotle shares more affordable
The move is a sign of strength as other long beloved restaurant chains face harsh headwinds and store closures.
Here's what you need to know about the Chipotle stock split.
Investors were required to hold shares by the end of the trading day on June 18 to be included in the split.
Those who hold shares will receive 49 additional shares for every one held after the close of trading on Tuesday. Share prices are divided on an equivalent basis, so the split does not directly change an investment's total dollar value.
Trading on the split basis will begin at start of trading Wednesday.
Chipotle's stock closed at $3,193.74 per share on Monday. If the price were to be the same at the end of trading Tuesday, the stock would be valued at $63.87 per share.
The stock has been on a rollercoaster since the split was approved on June 6, hitting a high of $3,427.61 per share on June 18 before tumbling below the $3,200 mark Monday.
Chipotle reported $2.7 billion in revenue and a 16.3% operating profit margin when it announced first-quarter results in April.
The company opened 47 restaurants in the quarter with 43 locations having "Chipotlane" drive-thrus.
2025-05-02 00:38849 view
2025-05-02 00:341105 view
2025-05-02 00:232937 view
2025-05-01 23:50826 view
2025-05-01 23:49516 view
2025-05-01 23:422581 view
I don't mean to humble brag, but I am on a first name basis with one of the most influential people
The products featured in this article are from brands that are available in the NBCUniversal Checkou
One Ohio resident will remember his 21st birthday for years to come, and not just because he reached