Chipotle stock price just hit an all-time high, even as other chains struggle to stay afloat

The fast-casual burrito chain continues to defy Wall Street’s sales and profit expectations. Its stock is due to split in June, pending a shareholder vote.

Shares of Chipotle Mexican Grill (CMG) hit an all-time high today, climbing 7.35% to $3,142 in afternoon trading. The increase comes after the popular burrito chain reported first-quarter earnings Wednesday and outpaced analysts’ expectations in both earnings and sales. Shares now have risen by more than a third over the past year.