Not to mention, a split would bring a significant amount of attention to the company from retail investors, during a time in which travel stocks are being ignored. Priced at about $1,750, BKNG could be considered overdue for a stock split. BKNG has established strategic relationships with all sorts of transportation companies and vacation providers that enable the company to accept bookings placed through those partners’ sites. As one of the world’s largest travel businesses, BKNG has plenty of promise, especially in a post-COVID world when everyone will be looking to travel. Though travel is not exactly the hottest industry at the moment due to the spread of the virus, BKNG’s stock is ascending toward its pre-COVID levels.
Look for CMG to split after the stock moves even higher once the economy fully reopens and its restaurants become that much more crowded. Out of nearly 50 publicly traded companies in the Restaurants sector, CMG is ranked second. The POWR Ratings show CMG has A grades in each POWR Component with the lone exception of its Industry Rank grade of B. These consumers will continue to patronize CMG restaurants far into the future, ultimately making CMG a growth stock. Though CMG’s forward P/E ratio of 113 is fairly high for a restaurant stock, it is well worth it considering CMG’s offerings are loved by youngsters.
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