Cava Stock Has Almost Doubled This Year. Is It Too Late to Buy?
Cava Group (NYSE: CAVA) stock has electrified investors as one of the most exciting initial public offerings (IPOs) in a recent dry spell. Its healthy Mediterranean menu is attracting customers while its stock attracts investing dollars.
Cava stock is already up 96% this year. Is there still time to buy into this growth story?
Cava could be the next Chipotle Mexican Grill, and considering Chipotle's massive stock run, investors want to get into Cava stock early. Cava operates a similar model to Chipotle, offering healthy, fast-casual fare that uses a limited number of ingredients, like harissa, tzatziki, and lamb meatballs, and is easily replicable across stores. So far, it's a hit in the regions it's already entered, which is throughout the southern part of the country. It only has 323 restaurants as of the end of the first quarter, but it believes it can succeed throughout the U.S. As it continues to expand, it looks like a no-brainer for growing revenue and scaling.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
With 70 Buy predictions and 1 Sell predictions Chipotle Mexican Grill Inc. is one of the favorites of our community.
Based on the current price of 45.89 € the target price of 2478 € shows a potential of 5300.46% for Chipotle Mexican Grill Inc. which would more than double the current price.
