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Experts are largely positive about Chipotle Mexican Grill's recent 50-1 stock split, with some seeing it as a validation of the company's success and others acknowledging that it generates excitement for the stock. There are doubts about the immediate effect of the split, but overall, the company continues to perform well in terms of same-store sales, revenues, and bottom-line earnings. The stock has seen a major improvement in revenue growth and has price momentum.
Companies split shares when they're doing well, so this split validates their success, though it doesn't effect the fundamentals. The split generates excitement for the stock.
The news is phenomenal for stockholders and employees (who become shareholders). Doubts that the split will have much effect, though it invites a new class of investor. Though it adds to trade liquidity. Customers are accepting higher prices and the company keeps introducing new products.
They reported mixed numbers after the bell: in-line same-store sales, light revenues, but a bottom-line per share earnings beat. They're making more money because of better restaurant margins as key costs finally are declining. But they guided lower same-store sales this quarter; they're being conservative. Shares were up 50% YTD going into this quarter and he thought the report was overall good.
The last quarter has seen a major improvement in revenue growth and shares now have price momentum
It reports Tuesday. They will hire 15,000 people for burrito season, so business must be great. Some say earnings estimates for this year are too expensive, but he feels they are too low.
Chipotle Mexican Grill is a American stock, trading under the symbol CMG-N on the New York Stock Exchange (CMG). It is usually referred to as NYSE:CMG or CMG-N
In the last year, 5 stock analysts published opinions about CMG-N. 5 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Chipotle Mexican Grill.
Chipotle Mexican Grill was recommended as a Top Pick by on . Read the latest stock experts ratings for Chipotle Mexican Grill.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
5 stock analysts on Stockchase covered Chipotle Mexican Grill In the last year. It is a trending stock that is worth watching.
On 2024-03-28, Chipotle Mexican Grill (CMG-N) stock closed at a price of $2906.77.
The split doesn't add an economic benefit. Many investors still don't realize that it's the same return before or after a split. He's never seen a restaurant chain carry such a premium multiple for so long, but it's deserved. They continue to beat.