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 Friday with 1.1 million shares changing hands. It is currently at two times its average daily volume and trading up $29.46 (+9%) at $357.82 as of 10:51 a.m. ET.

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Chipotle Mexican Grill has a market cap of $10.52 billion and is part of the services sector and leisure industry. Shares are up 10.4% year to date as of the close of trading on Thursday.

Chipotle Mexican Grill, Inc. develops and operates fast casual and fresh Mexican food restaurants. Its restaurants primarily offer burritos, tacos, burrito bowls, and salads. The company has a P/E ratio of 38.9, 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, growth in earnings per share, increase 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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