Chipotle Board Approves 50-1 Stock Split Amid Efforts to Woo Retail Investors
- Chipotle's board approves 50-for-1 stock split, shares jump 4%
- Shareholders to vote on split at June 6 annual meeting; split shares would start trading June 26
- Stock splits aim to appeal to retail investors by lowering share price
- Chipotle also granting one-time equity to long-term employees
- Analysts see grant as confidence signal from management