Stock Split Watch: Is Chipotle Next?
Chipotle Mexican Grill (NYSE: CMG) stock continues to benefit from an impressive run. So high is its growth that a single share costs more than $2,200, making it the sixth-most expensive stock in terms of nominal price on U.S. exchanges today.
Such levels may lead investors to speculate on if or when Chipotle's board of directors will finally approve a stock split. Chipotle has never split its stock, and some stocks, such as the A shares of Berkshire Hathaway, have avoided such a move despite prices exceeding $500,000 per share.
However, a lower nominal price could increase interest among small investors, thus lifting the stock price. Hence, whether or not Chipotle decides to split its stock, investors should take a closer look at the advantages and disadvantages of such a move.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
The stock is an absolute favorite of our community with 59 Buy predictions and no Sell predictions.
With a target price of 39 € there is a slightly positive potential of 16.07% for Chipotle Mexican Grill Inc. compared to the current price of 33.6 €.
