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Equities research analysts at RBC Capital upped their target price on shares of Chipotle Mexican Grill (NYSE:CMG) from $680.00 to $730.00 in a research note issued to investors on Tuesday. The firm currently has an “outperform” rating on the stock. RBC Capital’s target price indicates a potential upside of 10.64% from the stock’s previous close.

CMG has been the subject of a number of other recent research reports. Analysts at Wunderlich raised their price target on shares of Chipotle Mexican Grill from $560.00 to $680.00 in a research note on Tuesday. They now have a “hold” rating on the stock. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $664.96.

Shares of Chipotle Mexican Grill (NYSE:CMG) traded up 11.84% during mid-day trading on Tuesday, hitting $659.77. 2,261,545 shares of the company’s stock traded hands. Chipotle Mexican Grill has a 1-year low of $395.87 and a 1-year high of $667.90. The stock has a 50-day moving average of $590.6 and a 200-day moving average of $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 released its earnings data 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.

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

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