Could Cava Stock Help You Achieve an Early Retirement?
Cava Group (NYSE: CAVA) is a fast-growing casual Mediterranean chain that just completed its initial public offering (IPO) in June, with the stock up 125% from its IPO price. The restaurant operator is already drawing comparisons to Chipotle Mexican Grill for its similar focus on fresh ingredients and strong growth. Six out of eight Wall Street analysts that cover the stock are bullish.
Chipotle earned early investors a staggering sum after its 2006 IPO, turning a $1,000 investment on its first day of trading into $49,000 as of this writing. Let's find out whether Cava truly is the next Chiptole, and whether the stock can deliver similar returns.
Chipotle made a name for itself focusing on fresh, high-quality ingredients and a fast checkout lane that won it many fans. The company obviously tapped into a large addressable market with revenue still growing strong to this day.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
The stock is one of the favorites of our community with 70 Buy predictions and 1 Sell predictions.
With a target price of 2478 € there is potential for a 5275.27% increase which would mean more than doubling the current price of 46.1 € for Chipotle Mexican Grill Inc..
