NEW YORK (

TheStreet

) --

Chipotle Mexican Grill

(NYSE:

CMG

) hit a new 52-week high Monday as it is currently trading at $388.08, above its previous 52-week high of $387.99 with 167,112 shares traded as of 12:43 p.m. ET. Average volume has been 523,400 shares over the past 30 days.

Chipotle Mexican Grill has a market cap of $11.29 billion and is part of the

services

sector and

leisure

industry. Shares are up 14.7% year to date as of the close of trading on Friday.

Chipotle Mexican Grill, Inc. develops and operates fast-casual, fresh Mexican food restaurants in the United States, Canada, and England. Its restaurants primarily offer burritos, tacos, burrito bowls, and salads. The company has a P/E ratio of 57.2, above the average leisure industry P/E ratio of 56.3 and above the S&P 500 P/E ratio of 17.7.

  • Sign up for TheStreet's FREE Dividend and Income Investor Newsletter

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

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

null