Chipotle says it plans to open between 180 and 195 new restaurants in 2014.
The burrito chain's stock surged nearly 13% in after-hours trading Thursday following fourth-quarter results showing the company's strong growth continuing.
Chipotle ( posted $844 million in sales, up 21% versus a year prior, and $80 million in earnings. The company is expanding aggressively, opening 56 new restaurants in the fourth quarter, and now has nearly 1,600 locations. )
Chipotle was spun off from McDonald's (Fortune 500) in 2006, and shares have been on a tear ever since, rising over 60% in the past year alone. ,
McDonald's meanwhile may be losing its luster. Its stock has been in the doldrums as it's struggled to match new menu offerings from competitors like Burger King ( and )Wendy's (. )
There are still some Chipotle skeptics out there -- hedge fund moguls David Einhorn and Jeffrey Gundlach have made cases against the stock in the past year and a half.
|GM's recalled Cobalt was a failure from the start|
|Michaels hack hit 3 million|
|Walmart offers cheaper money wire service|
|Americans have fallen in love with real estate once again|
|Why you should pay off your car loan ASAP|
|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||4.36%||4.24%|
|15 yr fixed||3.39%||3.26%|
|30 yr refi||4.34%||4.22%|
|15 yr refi||3.38%||3.24%|
Today's featured rates: