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Research analysts at Wunderlich lifted their price objective on shares of Chipotle Mexican Grill (NYSE:CMG) from $560.00 to $680.00 in a report released on Tuesday. The firm currently has a “hold” rating on the stock. Wunderlich’s target price indicates a potential upside of 3.07% from the company’s current price.

Chipotle Mexican Grill (NYSE:CMG) traded up 11.84% on Tuesday, hitting $659.77. 2,261,545 shares of the company’s stock traded hands. Chipotle Mexican Grill has a 52-week low of $395.87 and a 52-week high of $667.90. The stock’s 50-day moving average is $590.6 and its 200-day moving average is $552.4. The company has a market cap of $20.508 billion and a P/E ratio of 55.35.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Monday, July 21st. The company reported $3.50 EPS for the quarter, beating the Thomson Reuters consensus estimate of $3.07 by $0.43. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $988.13 million. During the same quarter in the prior year, the company posted $2.82 earnings per share. The company’s quarterly revenue was up 28.6% on a year-over-year basis. Analysts expect that Chipotle Mexican Grill will post $12.72 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Barclays raised their price target on shares of Chipotle Mexican Grill from $580.00 to $600.00 in a research note on Tuesday, July 15th. They now have an “equal weight” rating on the stock. Separately, analysts at Raymond James raised their price target on shares of Chipotle Mexican Grill from $625.00 to $675.00 in a research note on Monday, July 14th. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Chipotle Mexican Grill in a research note on Wednesday, June 25th. They now have a $575.00 price target on the stock, up previously from $550.00. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have given a buy rating to the company. Chipotle Mexican Grill currently has an average rating of “Buy” and a consensus price target of $664.96.

Chipotle Mexican Grill, Inc (NYSE:CMG) operates Chipotle Mexican Grill restaurants.

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