Cava vs. Chipotle: Which Stock Is More Likely to Skyrocket?
Cava Group (NYSE: CAVA) is one of the big stories of 2023. It's one of the few companies that have decided to go public amidst a bear market and tumultuous economy, but the timing was right, and the initial public offering (IPO) took place just as some indications showed the end of the bear market.
The stock exploded onto the market, ending its first day with a closing price of nearly $43, or almost double the IPO price of $22. Now, a month later, it's up another 18%. That's a lot of movement for a short amount of time.
Many are comparing Cava to fast-casual king Chipotle Mexican Grill (NYSE: CMG), which has been an incredible stock to own over time. Is it time for it to move over for the new kid restaurant on the block? Let's see which of these two stocks has better odds today.
Source Fool.com
