Chipotle plans to complete a 50 for 1 stock split on June 26, 2024. All holders of CMG will receive 50 shares of CMG in exchange for every 1 CMG share held at the close of trading on June 25, 2024.

This will affect all CMG shareholders. Due to this stock split, scheduled orders for CMG will not be accepted between market close on June 25, 2024 and market open on June 26, 2024.

What does this mean?

With the stock split, each CMG share will be divided into smaller pieces. This will lower the price of each share. To ensure that all shareholders’ value remains the same, Chipotle shareholders will receive additional shares.

How will this impact my holdings?

Your total number of CMG shares will increase while the price per share will decrease.

For example: if you have 2 shares of Chipotle stock, during this 50 for 1 stock split, CMG will grant you 50 shares for every 1 share you own. However, the value of each share should initially be around 1/50 of the original price.

Once the split is completed, 50 CMG shares will be equivalent to 1 original CMG share.

How can I calculate the number of shares I will own?

To calculate the number of shares that you will own after the split, follow the math below:

Shares previously owned x 50 = New amount of shares held.

For example:
Before the split you owned 3 shares of Chipotle.
Use the equation above (3 previously owned shares x 50).
You now own 150 shares of Chipotle.

Note: Chipotle’s historical graphs will be updated to take the split into account.

If you have more questions regarding this stock split and how it may affect shares you’re holding, please refer to Chipotle’s Investor Relations website.

Investing involves risk; you may lose money. Brokerage services provided by Cash App Investing LLC, member FINRA/SIPC, Past performance of a security or financial product does not guarantee future results or returns. You should consider the risks before investing. For more on the risks of investing see our Disclosure Library..

Customers are advised that stock and cash movements associated with corporate action events may not be visible in-app immediately following the event’s effective date. While most events are visible after a short period, some may require up to 7 business days to reflect accurately in the customer’s Investing holdings and Cash App balance.