Chipotle shares will now be more affordable

Chipotle Mexican Grill (NYSE:CMG) tonight completes changes to make its shares more accessible to retail investors.

After Tuesday’s close, Chipotle’s equity undergoes a 50-for-1 stock split.

It means that tomorrow the share price will be in the mid-$60s, rather than trading at the $3,283 mark.

The underlying value of shareholdings will not be impacted.

Shareholders will receive 50 newly priced shares for each share they currently hold.

Not only will it make the shares more accessible for investors, it also makes it easier for the company to reward with share-base incentives.

"With this historic decision, we'll be better able to reward our team members and empower them to have ownership in our company,” chief financial officer Jack Hartung said in a statement.