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Shares of Chipotle Mexican Grill (NYSE:CMG) reached a new 52-week high on Tuesday , ARN reports. The stock traded as high as $689.45 and last traded at $683.42, with a volume of 118,070 shares traded. The stock had previously closed at $684.83.

Several analysts have recently commented on the stock. Analysts at Longbow Research downgraded shares of Chipotle Mexican Grill from a “buy” rating to a “neutral” rating in a research note on Friday, August 8th. They now have a $697.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Monday, July 28th. They now have a $793.00 price target on the stock, up previously from $648.00. Finally, analysts at Argus raised their price target on shares of Chipotle Mexican Grill from $660.00 to $750.00 in a research note on Thursday, July 24th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have given a buy rating to the company. Chipotle Mexican Grill presently has an average rating of “Buy” and an average price target of $681.48.

The stock has a 50-day moving average of $640.8 and a 200-day moving average of $573.9. The company has a market cap of $21.124 billion and a price-to-earnings ratio of 60.38.

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 $13.62 EPS for the current fiscal year.

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

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