Chipotle Announces 50-for-1 Stock Split After Strong Growth, But High Valuation Tempers Enthusiasm

Chipotle announced a massive 50-for-1 stock split, one of the biggest in NYSE history.

Chipotle's business is booming - revenue and earnings grew double-digits in Q4 2022.

The company sees opportunity to more than double locations in North America long-term.

However, the valuation remains very high even with strong growth. The forward P/E is over 50.

While the split could cause a temporary jump in share price, the author doesn't recommend buying before or after as there are better values.