Chipotle Mexican Grill (CMG): Q1 EPS of $1.97 beats by $0.04. Revenue of $640.6M (+26% Y/Y) beats by $13M. Chipotle's (CMG) Q1: Opened 32 restaurants to bring total to 1,262. Saw restaurant level operating margin of 27.4% during period, +220 bps from a year ago. Plans to open 155-160 new restaurants in 2012. Expects mid-single digit comparable restaurtant sales growth. Shares +1.1% AH
Resistance level is $442 and support at $413.
Resistance level is $442 and support at $413.
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