Chipotle Mexican Grill, Inc. (CMG)

[cbo111]

I've never been real good at picking individual stocks and stay primarily in large index funds. So pardon my ignorance, but can someone explain why Chipotle Mexican Grill, Inc. (CMG), is up to almost $900 a share? I haven't eaten there since the poisoning issues several years ago, and never was a big fan of their menu items. Have they limited the number of shares sold to boost the value?

 

[Sunset]

In the old days companies used to split the stock when it got too high, example $100 per share.
Thinking being that if it was priced at $50 more people would buy it as it only cost $5,000 for 100 shares.
Now the thinking is look how great our company is, our stock price is so high, we must be great.
Since so many people buy stocks in etf's and mutual funds, the price does not matter.

Just look at Brk.A stock $337,421.00 per share, this is why Warren Buffet created the Brk.B stock (a cheap version of the same company) only $225.08 per share.