Chipotle Stock Drops Following CEO Change. Should Investors Buy Cava Stock Instead?
Many investors have debated whether the better fast-casual restaurant stock is Cava Group (NYSE: CAVA) or Chipotle Mexican Grill (NYSE: CMG). Considering that Cava is following Chipotle's playbook, in the Mediterranean food genre, and is a much smaller company, it is a worthy debate.
However, the calculus changed upon the announcement last week that CEO Brian Niccol would be leaving Chipotle to take over the top job at Starbucks. Niccol was the company's first successful CEO since founder Steve Ellis departed, bringing considerable uncertainty to the fast-casual giant now that he's leaving. Does this all mean investors should should ignore Chipotle in favor of Cava?
Cava remains a founder-led company. Brett Schulman co-founded Cava in 2010, rebranding it from a previously existing full-service restaurant and opening the first Cava in its current form in Bethesda, Maryland, in 2011.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
With 75 Buy predictions and 1 Sell predictions Chipotle Mexican Grill Inc. is one of the favorites of our community.
Based on the current price of 48.18 € the target price of 2370 € shows a potential of 4819.05% for Chipotle Mexican Grill Inc. which would more than double the current price.
