3 Reasons to Buy Cava Stock Like There's No Tomorrow
Cava Group's (NYSE: CAVA) stock has been on a tear, well more than doubling in value since the company came public in June 2023. That's a huge price gain in a very short period of time, creating some concern that a bubble may have formed.
However, investors concerned that all the gains are already priced in shouldn't pass on the stock without giving it a good look. Small restaurant chains like Cava can grow quickly and be very rewarding for investors. Here are three reasons this stock is still a good buy right now.
Cava manages Mediterranean-themed fast-casual restaurants. It uses an assembly-line approach that's very similar to Chipotle Mexican Grill (NYSE: CMG) and emphasizes fresh ingredients that help provide consumers with more control over the food they order. The basic business model is a winner, when you consider that Chipotle has grown its version to over 3,500 locations around the world.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
The stock is one of the favorites of our community with 77 Buy predictions and 1 Sell predictions.
With a target price of 2357 € there is potential for a 4591.48% increase which would mean more than doubling the current price of 50.24 € for Chipotle Mexican Grill Inc..
