LemonTrades
TL;DR
- Chipotle split 50-for-1 on June 26, 2024, the largest split in the New York Stock Exchange’s history. A $3,200 share became fifty $65 shares.
- It was Chipotle’s only split since its 2006 IPO.
- The stock has fallen by more than half since, as sales at its restaurants stalled; the live figure is below.
- LemonTrades tells you what moved the stocks you follow, and why, as it happens, and warns you before their earnings.
Chipotle’s stock passed $3,000 in 2024, one of the highest prices on the NYSE. So it split, by a lot. Here’s what happened next.
The 2024 split
- Announced: March 2024, with the stock near $2,900, to make shares more accessible to employees and investors.
- Approved: by shareholders in June 2024.
- Effective: after the close on June 25; split-adjusted trading began June 26, 2024, closing at $65.86.
- The record: 50-for-1 was the biggest split ratio ever for an NYSE-listed company.
Chipotle listed in January 2006 at $22 a share, about 44 cents in today’s split-adjusted terms.
Why CMG fell after the split
- Sales stalled: same-restaurant sales fell 1.7% in 2025, as fewer people came in, especially younger and lower-income customers.
- A cut outlook: the stock dropped about 19% on one lowered forecast, and Chipotle guided 2026 same-restaurant sales to roughly flat.
- A new CEO: Brian Niccol, who led the long rally, left for Starbucks in August 2024.
The split itself had nothing to do with it: a split changes the number of shares, not the business. Other splits that came before a fall: Netflix. And one that came before a rise: Nvidia.
Sources
- Chipotle investor relations
- TIKR: Chipotle falls 19% on a lower forecast
- TIKR: Chipotle at its lowest multiple in years
Education, not financial advice. Split-adjusted figures from daily price data. See our disclaimer.
