NEW YORK ( TheStreet) -- Chipotle Mexican Grill (NYSE: CMG) hit a new 52-week high Monday as it is currently trading at $347.75, above its previous 52-week high of $346.78 with 278,126 shares traded as of 10:30 a.m. ET. Average volume has been one million shares over the past 30 days.

Chipotle Mexican Grill has a market cap of $10.5 billion and is part of the services sector and leisure industry. Shares are up 61.5% 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. It also operates restaurants in Toronto, Canada and in London, the United Kingdom. As of October 20, 2011, it operated 1,100 restaurants. Chipotle Mexican Grill, Inc. The company has a P/E ratio of 51.8, below the average leisure industry P/E ratio of 52.1 and above the S&P 500 P/E ratio of 17.7.
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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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