NEW YORK (TheStreet) -- Shares of Chipotle Mexican Grill (CMG) are surging, up 12.29% to $662.44, after the restaurant company reported a 25.5% increase in net income to $110.3 million for the 2014 second quarter, over the same period last year.
The company's diluted earnings per share was $3.50, a 24.1% increase from the last year's second quarter.
Revenue was $1.05 billion, 28.6% higher than the same quarter a year ago.
This morning, Barclays (BCS) increased its price target on Chipotle to $690 from $600.
Jefferies Group (JEF) raised its price target on Chipotle to $600 from $535.