Piper Jaffray analyst Nicole Miller Regan raised her price target for Chipotle Mexican Grill to $824 from $792 following her checks in June and visit to the copay's London market. The analyst says that although the Chipotle investment thesis is focused on the domestic recovery and growth potential, she continues to believe in the long-term potential for an expanded international presence through accelerated company-owned development or franchise growth. She maintains her positive 8% same-store sales estimate for Q2 following June checks that suggested trends were "steady sequentially" in the high-single-digit range. Miller Regan reiterates her bullish stance on Chipotle with an Overweight rating.