Chipotle Announces 50-for-1 Stock Split on June 26th as Revenue Growth Far Outpaces Competitors from green dot stock price Watch Video
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⏲ Duration: 1:7 👁 View: 11.2M times ✓ Published: 26-Jun-2024
Description: Chipotle will split its stock 50-for-1 on June 26th, offering each shareholder 49 additional shares for every 1 share owned after the market closes on June 25th. Over the past few years, Chipotle has grown its revenue much faster than its competitors, showing strong, consistent growth even during the pandemic in 2020. The company expects 53% earnings growth for 2024, around 4 times the growth expected by McDonald's. The stock is valued significantly higher than competitors based on current earnings, so continued strong growth will be needed to justify this premium valuation.