Chipotle stock is up 47% year to date ahead of its first-ever stock split.
The burrito giant conducted a 50-for-1 stock split , the company's first split ever and one of the largest in the history of the New York Stock Exchange.he believes this will make shares more "accessible to our employees as well as a broader range of investors" on a call following the company'sShareholders who owned the stock as of the market close on June 18 received 49 additional shares for each one held.
On one hand, this new entry point allows "more access to retail investors" who may have shied away from the high price prior to the split, Gargiulo said. But on the other hand, "the stock could be exposed a little bit more to some level of volatility," he warned. "I don't think it's ever going to be a meme stock, like GameStop or others in the past, but I think it does expose a little bit to more fluctuations," Gargiulo added.
As of Tuesday's market close, shares of Chipotle were up 43% year to date, compared to a nearly 15% gain from the S&P 500.Approximately 4,000 Chipotle employees, including restaurant general managers and crew members with more than 20 years of service, will receive a special one-time equity grant to commemorate the stock split, a Chipotle spokesperson told Yahoo Finance.The grant will vest over three years.
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