Chipotle Mexican GrillNYSE: CMG

Coca-Cola has industry leading brands and the size and scale needed to drive customer behavior. Chipotle Mexican Grill has built itself into a restaurant powerhouse and it still has more room to grow.

Chipotle just executed a 50-for-1 stock split. Sony plans to carry out a 5-for-1 stock split in October.

Aside from artificial intelligence (AI), stock splits are the hottest trend on Wall Street. Two of the most-popular stock-split stocks are historically pricey and contending with serious headwinds.

Chipotle shares have performed well this year, but the stock split changes nothing from a fundamental perspective. There are many reasons to believe this is a quality enterprise.

Chipotle Mexican Grill reported strong earnings in Q1 2024, with revenue growing 14.1% to $2.70B and same-store sales rising 7%. The company's multifaceted strategy includes expanding in North America, focusing on international growth in Europe, and investing in digital sales. Chipotle's stock price has soared, but concerns remain about valuation compared to other companies in the sector.

Chipotle shares have crushed the market over the past five years. Chipotle possesses a strong brand in the restaurant sector, and it has proven pricing power.

Chipotle Mexican Grill (CMG) closed the most recent trading day at $62.65, moving +0.38% from the previous trading session.

Raymond James analyst Brian M. Vaccaro reiterated an Outperform rating on the shares of Chipotle Mexican Grill Inc CMG and raised the price target from $67 to $70.

Investors have not been getting enough of stock splits in 2024. Of course, a stock split does not change anything fundamentally about a business or the value a shareholder gains from a split, but it does signal how a company is doing.