Chipotle Mexican Grill Stock Hits New 52-Week High (CMG)

NEW YORK ( TheStreet) -- Chipotle Mexican Grill (NYSE: CMG) hit a new 52-week high Thursday as it is currently trading at $396.90, above its previous 52-week high of $396.64 with 223,544 shares traded as of 2:44 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 Wednesday.

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 57.3, above the average leisure industry P/E ratio of 56.3 and above the S&P 500 P/E ratio of 17.7.

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, good cash flow from operations, impressive record of earnings per share growth and compelling growth in net income. 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

More from Markets

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%