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Chipotle Stock Split: What Investors Need to Know


After an all-time run up of over 7,500%, Chipotle Mexican Grill ($CMG) stock will split 50:1, taking effect as of market open on Wednesday, June 26, 2024. The split will make the stock more affordable for investors, who currently face a price of more than $3,200 for one share of the company. Here’s what investors need to know about the split.

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Dates to Know

As a technicality for brokerages facilitating the stock split, there is a “shareholder of record” date noted by the company in its associated SEC filing. New shares will technically only be issued to those who own existing shares on this date, but effectively, all shares owned at market close on June 25th will receive the split shares the next day. So while we’re past the shareholder of record date, you’ll still receive 49 additional shares each if you purchase $CMG shares before the 26th.

  • June 18, 2024, 4pm ET: Shareholder of record date. Those who own shares at this time will be issued new shares at the time of the split.
  • June 25, 2024, 4pm ET: This is the last day of trading for contemporary float (number of shares) and share price. Brokerages may adjust your account beyond this time.
  • June 26, 2024, 9:30am ET: The market opens with 50x float and 1/50th the price on $CMG. 

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Do Chipotle Employees Get Stocks or Options?

Chipotle currently offers a stock purchase plan to employees who have been with the company for a year or more. Initially, stocks will be available at a discount for eligible employees, and may be purchased through payroll deductions. Such a plan potentially allows outsized returns for employees who opt to invest in the company they work for. A stock split may enable more employees to participate in this program at affordable investment levels.

While fractional shares offered by some brokers have offered relief for investors looking to make smaller investments over time, this stock split will make shares more available for retail investors and employees alike.

Chipotle’s Stock Split History

The 2024 split will be the first stock split in Chipotle’s history. In its 18 year history since IPOing in 2006, the stock has grown over 7,500%.

What’s Next for Chipotle?

On Wednesday, July 24, 2024, Chipotle will release its Q2 financial results which will be reviewed at the quarterly earnings call. The call will take place just after market close at 4:30 PM ET.

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