NEW YORK (

TheStreet

) --

Chipotle Mexican Grill

(NYSE:

CMG

) hit a new 52-week high Thursday as it is currently trading at $289.55, above its previous 52-week high of $289.35 with 642,650 shares traded as of 3:21 p.m. ET. Average volume has been 1.1 million shares over the past 30 days.

Chipotle Mexican Grill has a market cap of $8.7 billion and is part of the

services

sector and

leisure

industry.

TheStreet Recommends

Chipotle Mexican Grill, Inc. develops and operates fast-casual, fresh Mexican food restaurants in the United States. It also operates restaurants in Toronto, Canada and in London, the United Kingdom. As of December 31, 2010, it operated 1,084 restaurants. Chipotle Mexican Grill, Inc.

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TheStreet Ratings rates Chipotle Mexican Grill as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full

Chipotle Mexican Grill Ratings Report

.

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