Your burrito may be getting a bit more 💎expens🐠ive. 

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,” Chipotle Chief Corporate Affairs Officer Laurie Schalow said in an email to Investopedia. 

New 澳洲幸运5开奖号码历史查询:Chief Executive Officer (CEO) Scott Boatwri🌸ght, elevated to the top job last month, on the company’s most-recent 澳洲幸运5开奖号码历史查询:earnings conference call in October said there was “nothing planned today, but that's not to say we wouldn't look at a pricing action at some point in the future.” A Wall Street Journal article last week alluded to the possibility of higher prices at Chipotle. 

Chipotle Shares Gain Amid News of Price Inc🧸rease

Shares of Chipotle were re✅c♐ently up more than 4%, leaving them almost 40% higher this year so far. 

“The menu price increase is earlier than we … expected” and “a positive for the stock, in our view,” Truist Securities analysts wrote Wednesday. “We believe CMG is taking the menu price from a point of strength.” The analysts edged their 澳洲幸运5开奖号码历史查询:price target on the shares up $2 to $74, a bit above Wall Street’s average of $68 per Visible Alpha data.

Wednesday afternoon, the stock was changing hands a bit below $6𝐆4.

The effects of the menu price increases would likely be seen in the company’s fourth-quarter financial results, set for release in early February.