Chipotle shares jump as chain plans ‘modest' price hikes to offset inflation costs

Chipotle Mexican Grill said 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 US.Shares jumped 5% to $63.99. The stock is up 42% this year.Key ingredients such as dairy, beef and avocado have been costlier this year, weighing on margins for restaurant operators in an environment where consumers are already paring back on dining out in favor of cheaper meals at home.Key ingredients such as dairy ...