Chipotle Stock Split Approved
Investors to Receive a 50-for-1 Split
Annual Meeting Results Announced
Chipotle Mexican Grill (CMG) shareholders approved a 50-for-1 stock split at the company's annual meeting on June 6, 2024. The split will take effect on June 26, 2024, after a 75% run-up in the stock price since its initial public offering (IPO).
This is the first-ever stock split for Chipotle, which has seen strong growth in recent years. The company plans to use the split to make its shares more affordable for a wider range of investors and to facilitate future fundraising efforts.
As of August 6, 2024, at 4:00 pm, Chipotle's stock price was $400 per share. After the split, each share will be worth approximately $8 per share.
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