Chipotle Mexican Grill (CMG) PT Lifted to $730 at RBC Capital

RBC Capital analyst David Palmer reiterated an Outperform rating and boosted his price target on Chipotle Mexican Grill (NYSE: CMG) to $730.00 (from $680.00) following blow-out Q2 results.

"We continue to view Chipotle’s pricing power as an asset that will provide outsized EPS growth through 1H/15," Palmer said. "Additionally, we believe there are ample opportunities for Chipotle to grow transactions and improve throughput in the near to medium term."

The firm is raising 2014 and their street-high 2015 EPS estimate of $13.11 and $17.25 to $13.97 (+33% YOY) and $18.14 (+30% YOY), respectively.

For an analyst ratings summary and ratings history on Chipotle Mexican Grill click here. For more ratings news on Chipotle Mexican Grill click here.

Shares of Chipotle Mexican Grill closed at $589.93 yesterday.

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