5 Smart Reasons to Buy Cava Stock Right Now
Cava Group (NYSE: CAVA) is off to a fast start. The Mediterranean-style restaurant company has seen its stock more than double from its initial public offering (IPO) price of $22 in slightly more than a month's time.
Yet these gains might be just the start of a far larger long-term move in Cava's share price. Here are five reasons why this recent IPO's stock is still an attractive investment today.
Cava has a solid formula for success. Its restaurants serve healthy and delicious Mediterranean-inspired food quickly and conveniently in a made-to-order format. The fast-casual chain's relatively affordable menu prices add to its allure among increasingly cost-conscious consumers and broaden its potential customer base. All of which should boost Cava's odds of success as the company embarks on its national expansion strategy.
Source Fool.com
