As of last night's close, Chipotle Mexican Grill shares are trading at 36.3x 2013 consensus earnings expectations compared to 28.7x for Buffalo Wild Wings shares and 26.7x for Panera Bread Company shares. One on one with Ron Shaich of Panera. I recently spoke with Ron Shaich, the co-founder, chairman and CEO of the Panera Bread Company on PowerTalk As tends to be the case with these one-on-one conversations, we covered a lot of ground during our conversation including the strategies that have led to strong growth in Panera's revenues and stock price during the last several years. Focusing on the customer experience, transparency and, as Ron says, simply "doing it right" are some of the strategies that led to that significant growth at a time when competitors like Cosi and others were struggling. During the first quarter fiscal 2013, Panera opened 10 new bakery-cafes and its franchisees opened 12 new bakery-cafes.