Cava Group Just Hit a New High: Should You Buy the Stock Today?
Cava Group (NYSE: CAVA) is finishing up a terrific first year on the stock market. The fast-casual restaurant chain, which serves Mediterranean fare, has soared in value by more than 100% since it went public in June 2023, and recently set a new all-time high after reporting first-quarter earnings. It is adding locations at a rapid pace and just achieved profitability.
Many investors think Cava could be the next Chipotle Mexican Grill. Should you buy the stock now?
Cava runs its restaurants on a simple model similar to Chipotle's, with custom-made sandwiches, salads, and bowls, but with Mediterranean food instead of Mexican. This means pitas instead of tortillas, feta cheese instead of queso, and hummus instead of guacamole. Because there are no other large-scale chains offering that particular cuisine, Cava has found a nice niche within the restaurant space.
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 4580.3% increase which would mean more than doubling the current price of 50.36 € for Chipotle Mexican Grill Inc..
