Chipotle restaurant workers fill orders for customers.
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CNBC’s Jim Cramer said Monday he believes shares of Chipotle have room to run higher because the fast-casual restaurant chain is well-positioned to capitalize on the U.S. economy’s Covid recovery.
Cramer’s comments on “Squawk on the Street” came shortly before the stock hit an intraday all-time high of $1,579.52 early in Monday’s trading session. It was up about 1.6% at roughly $1,557 per share around 11:30 a.m.
“A lot of states in this country are beginning to scrap the social distancing rules. … The winner here will be the company that had great numbers beforehand, making the most money beforehand, and it’s Chipotle,” Cramer said.
