Chipotle Mexican Grill Inc (NYSE:CMG) shares are rising Wednesday after the company announced its first ever stock split. What Happened: After the market close on Tuesday, Chipotle announced that its board approved a 50-for-one split of its common stock. The company said it intends to seek shareholder approval for the stock split at its upcoming annual meeting on June 6. “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,” said Jack Hartung, chief administrative officer and CFO of Chipotle. “This split comes at a time when our stock is experiencing an all-time high driven by record ...