If you put $60,000 into Chipotle when it went public in 2006, you’d be a millionaire today.
The burrito giant’s stock has shot up in recent months, and climbed even higher Tuesday to a record of $725 per share. It’s a long way from its 2006 IPO, when its shares, initially prices at $22, doubled to $44 by the close of its first trading day.
You may have missed your chance to become a Chipotle millionaire, but the company’s good run looks set to continue: in fiscal year 2014 earnings announced today, with profits up by 35% over the year prior. Same-store sales rose 16.8% over the course of the year.
Read More