Chipotle to open 155 to 165 locations in 2012

Denver -- Chipotle Mexican Grill expects to open 155–165 new Chipotle locations in 2012.

"While this is more restaurants than we've ever opened in a single year, we are confident," said co-CEO Montgomery Moran in the company’s fourth-quarter earnings call. Moran cited the "quality of what's in the real estate pipeline."