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Chipotle Mexican Grill (CMG-N) has announced a 50-1 stock split, generating excitement for the stock and validating their success. The company has seen a major improvement in revenue growth and has reported a super quarter. While doubts exist about the economic impact of the stock split, the split is seen as phenomenal for stockholders and employees. Despite adding trade liquidity, the split doesn't affect the company's fundamentals. Overall, Chipotle continues to beat and is experiencing price momentum, with customers accepting higher prices and the company introducing new products.
He expects shareholders to receive those extra shares and feel like selling some. However, he's more concerned with the company's performance than the split. Shares will run before the split, then fall back. The split will make shares more liquid.
Is up 15% since February and 68% in the past year. They have announced a stock split. They last reported a super quarter.
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.
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, 7 stock analysts published opinions about CMG-N. 7 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.
7 stock analysts on Stockchase covered Chipotle Mexican Grill In the last year. It is a trending stock that is worth watching.
On 2024-04-25, Chipotle Mexican Grill (CMG-N) stock closed at a price of $3114.62.
It reports Wednesday. They've integrated robots into their operations, have a good point-of-sale and have the best menu with real value. They own their stores and it's not a franchise model. Average volumes per store keep rising.