Is Cava Beating Chipotle at Its Own Game? 3 Things Investors Should Know Before Buying Either of These Stocks
When Cava (NYSE: CAVA) went public in June 2023, it was hailed by some as the new Chipotle Mexican Grill (NYSE: CMG). It operates a similar model of fast-casual restaurants offering healthy, fresh food, with its Mediterranean-style fare providing a different spin on the concept.
Cava is meeting investor expectations, and just over a year into being a public company, it's heading in the right direction. Should Chipotle investors take a look? Here are three things to think about before opening a position in either stock.
As a young company, Cava's growing at a rapid pace. It's taking a page from the Chipotle playbook, but since Chipotle is much more mature, the Mexican food chain's growth isn't quite as high.
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 4548.0% increase which would mean more than doubling the current price of 50.71 € for Chipotle Mexican Grill Inc..