Chipotle’s Planned 50-to-1 Split Unites Bulls and Burrito Lovers

-- Chipotle Mexican Grill Inc.’s historic stock-split proposal spotlights the enormity of this year’s bull run by showing the lengths the fast-food chain must go to bring its shares within reach of those who enjoy its affordable burritos.Baltimore Wants to Sell Hundreds of Vacant Homes for $1 Each

Splits fell out of favor as buying fractional shares became more popular in recent times, Silverblatt explained. Last year, only four companies in the S&P 500 Index executed stock splits. But as stock markets have soared in 2024, there is more of an optics problem for companies with eye-popping share prices. While just two companies have officially split their stock this year, companies realize that it can create more demand for retail customers because the stock has a lower dollar value.

“If Chipotle is gonna split the stock, lets get it back down to a reasonable price,” said Thomas Martin, senior portfolio manager at Globalt Investments, who is overweight the stock. “Even though pricing has gone up with inflation, people are still willing to pay for the burritos! We like this stock and we’re riding this out.”Other than a few larger splits attached to share offerings, Chipotle’s adjustment ties Berkshire Hathaway for the biggest, according to data compiled by Bloomberg.

Investors have approved a deal on Friday to make Truth Social owner Trump Media a publicly traded company. The green light from shareholders clears the final major hurdle for a long-delayed transaction that will generate a multi-billion dollar windfall for former President Donald Trump at a time when he’s facing immense financial and legal pressure.

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