Chipotle Mexican Grill Inc. (NYSE: CMG) is down 3.20% or $ 9.22 to $ 278.88 in after hours trade after rising 2.95 % or $ 8.25 to $ 288.10 during regular trading session of wednesday.

CEO of the company has announced first quarter results for FY11:

• Highlights for the first quarter of 2011 as compared to the first quarter of 2010 include:

Revenue increased 24.3% to $509.4 million

Comparable restaurant sales increased 12.4%

Restaurant level operating margin was 25.2%, a decrease of 90 basis points

Net income was $46.4 million, an increase of 22.6%

Diluted earnings per share was $1.46, an increase of 22.7%.

• Chipotle Mexican Grill Inc. announced that for fiscal 2011, it expects mid single digit comparable restaurant sales growth ( Reuters ).
• Chipotle Mexican Grill Inc. (NYSE: CMG) will be included in S&P 500 index and will be replaced by UTi Worldwide Inc. (NASD:UTIW) in the S&P MidCap 400 index after 20th April 2011.( Sources: S&P ).