Split the stock, add the guac: What to know about Chipotle’s 50-for-one stock split

Chipotle shareholders could approve one of the largest stock splits in history at the company’s annual meeting Thursday.

The 50-for-one split was announced in March as well as a one-time equity grant for all restaurant general managers as well as crew members with more than 20 years of service.

“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,” Jack Hartung, Chipotle’s Chief Financial and Administrative Officer, said in the release.

The fast-casual stalwart reported $2.7 billion in revenue and a 16.3% operating profit margin when it announced first quarter results in April.

The company opened 47 restaurants in the quarter with 43 locations having “Chipotlane” drive-thrus.

Here’s what you need to know about Chipotle’s stock split.

When would a Chipotle stock split occur?

The burrito purveyor’s stock split would occur after the close of trading on June 25, if approved.

Investors would need to hold shares in the company by the end of the trading day on June 18.

Trading on the post-split basis would begin on June 26.

Chipotle stock

Chipotle stock closed at $3,079.04 per share Tuesday. If the price were to hold at the same level when the split occurs the stock would be valued at $61.58 per share.

This article originally appeared on USA TODAY: Chipotle asks shareholders to OK 50-for-one stock split: Key dates