Chipotle Mexican Grill Rises On Unusually High Volume (CMG)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Chipotle Mexican Grill (NYSE: CMG) is trading at unusually high volume Thursday with 1.5 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up $12.38 (+4.4%) at $293.32 as of 2:46 p.m. ET.

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Chipotle Mexican Grill has a market cap of $9.36 billion and is part of the services sector and leisure industry. Shares are down 0% 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, the United Kingdom, and France. Its restaurants primarily offer burritos, tacos, burrito bowls, and salads. The company has a P/E ratio of 34.6, 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, 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 has had lackluster performance in the stock itself. You can view the full Chipotle Mexican Grill Ratings Report.

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