Chipotle is quietly raising prices during its worst time in history

Chipotle has raised its menu prices in hundreds of restaurants.

Prices were raised by about 5%, which is equal to a $0.34 increase on a chicken burrito bowl in Washington, DC, Chipotle spokesman Chris Arnold told Business Insider.

The price increases were implemented at about 440 of Chipotle's more than 2,200 restaurants nationwide, or about 20% of the chain's locations.

STOCK PRICE FOR CMG

Full price information

"We had been on record saying that we may raise prices in some of our restaurants, and we have done that," Arnold said. "Even with the increase, Chipotle pricing remains very competitive within the category."

Chipotle is still recovering from a year-long sales downturn triggered by an E. coli outbreak that affected its restaurants in 14 states.

The chain's same-restaurant sales fell 4.8% in the most recent quarter, though the company said it expects that metric to rebound and be in the high-single-digit range in 2017.

Chipotle's stock price has surged more than 22% since the start of the year.

RELATED: See America's favorite pizza chains

7 PHOTOS
America's favorite pizza chains
See Gallery
America's favorite pizza chains
6. Chuck E. Cheese's 
5. Little Caesar's
4. Pizza Hut (Yum! Brands)
3. Papa John's International
2. Papa Murphy's
A Domino's Pizza sign stands above the entrance to a Domino's Pizza Group Plc store in Hanwell, London, U.K., on Monday, Feb. 27, 2017. Domino's Pizza said given continued strong new store performance and positive outlook both for its market and brand, it is increasing its long term target for the U.K. to 1,600 stores. Photographer: Jason Alden/Bloomberg via Getty Images
HIDE CAPTION
SHOW CAPTION
of
SEE ALL
BACK TO SLIDE

NOW WATCH: Inside Amazon's new Chicago store, where the books have an average rating of 4.5 stars online

See Also:
Burger King is defying Google's attempt to stifle its latest ad in epic corporate feud
Burger King's secret fried chicken 'color guide' has been discovered
McDonald's is now accepting Snapchats as job applications

SEE ALSO: Walmart has a new kind of discount — and it's impossible for Amazon to beat

Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.