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
€50.71
1.000%
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..
