Chipotle Mexican Grill Continues to Make New 52-Week Highs

Chipotle Mexican Grill CMG continues to make new 52-week highs. The Mexican fast food restaurant that focuses on healthy food is up 22.5% year-to-date and has gained 67.7% since March, 2011. The analysts have remained bullish on the stock despite its quick rally that has led to a very high P/E ratio. Last Friday, Piper Jaffray raised its price target on Chipotle from $08 to $425 per share. Chipotle Mexican Grill is currently trading at $413.61, a gain of $2.70 or 0.66%.