With shares of Chipotle Mexican Grill (NYSE:CMG) trading at a lofty 50 times last year's earnings and only 10% below all-time highs set in November, investors will be on the edge of their seats when the burrito maker announces earnings Thursday after the market close.

If you're wondering what to watch for in Chipotle's report, you're in luck! The Fool's Steve Symington offers three suggestions in the following video.

Specifically, Steve will be keeping an eye on how Chipotle's operating margin is faring, whether foot traffic will be able to prop up comparable-restaurant sales, and any updates with regard to Chipotle's long-term concept expansion plans.

To hear Steve's full take on how these items could affect both Chipotle and its investors, check out the video below.