After posting impressive Q1 results last week, Cava Group (CAVA) has started to display the expansion that pushed other popular retail restaurant chains to notoriety among investors such as Chipotle Mexican Grill (CMG) and Starbucks (SBUX).
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Chipotle Mexican Grill, Inc. (NYSE: CMG) today announced that during its annual meeting, its shareholders approved an increase in the number of authorized shares of its common stock, which is necessary to facilitate the company's 50-for-1 stock split. This will be one of the biggest stock splits in New York Stock Exchange (NYSE) history.