The company’s chief financial officer said he believes customers would continue to flock to Chipotle despite the “modest” price hikes because the chain would still be a better value option

Chipotle Mexican Grill's ($CMG) stock was up 4% on Wednesday afternoon after the popular fast-food chain announced it would increase menu prices nation-wide, with retail investors cheering the move. “For the first time in over a year,

Chipotle Mexican Grill said on Wednesday it has raised menu prices by about 2%, as the burrito chain counters higher input costs in the midst of a choppy demand environment for restaurants in the United States.

Your burrito may be getting a bit more expensive. Chipotle Mexican Grill (CMG) is raising prices across the U.S., the company said Wednesday. “For the first time in over a year, we have taken a modest price increase of approximately 2% nationally to offset inflation,