Chipotle Stock Is Hitting Record Highs; Can It Go Even Higher?

Chipotle's (NYSE: CMG) stock is sizzling hotter than steak fajitas in 2021. Its management can be commended for handling the pandemic's onset and duration with skillfulness, adapting quickly to digital sales when in-person dining was forced to shut down.

And now that economies are reopening, Chipotle is getting the best of both worlds -- maintaining a high degree of digital orders while the on-premise business recovers. The market is rewarding the fast-casual restaurant business by bidding up its stock price to the tune of 47% this year. With Chipotle's stock already near record highs, is there room for it to go any higher?

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Source Fool.com