This marks one of the largest stock splits in the history of the New York Stock Exchange.
Chipotle's board of directors approved a 50-for-1 split of its common stock, following a similar move by Walmart earlier this year. "This is the first stock split in Chipotle's 30-year history, and we believe this will make our stock more accessible to employees as well as a broader range of investors," CFO Jack Hartung said. The stock is currently trading above $2,966 per share.
SUGGESTED: In-N-Out Burger among America’s best 10 places to work, rankings revealThe burrito maker also announced that it's offering a one-time equity grant for all restaurant general managers as well as crew members who have worked for more than 20 years.CEO Brian Niccol said the grant is an "additional incentive to continue delivering outstanding results and share in the financial success of our Company.
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