Chipotle Mexican Grill Q1 Earnings $1.97 Per Share

Chipotle Mexican Grill Inc. (NYSE:CMG) has been on a blistering run in recent times. The company announced its earnings for the first quarter of 2012 today of $1.97 per share with revenues reported at $640.6 million. In the first quarter of 2011 the company posted earnings of $1.46 per share on revenue of $509 million in sales. The company’s massive expansion has fueled investment in the stock, the value of which now stands at 50 times proje cted earnings for 2012. Analysts writing previous to the the announcement had projected, on average, that the company would pull in revenue of around…