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.

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Source Fool.com