Is It Too Late to Buy Cava Group Stock?
Cava Group's (NYSE: CAVA) stock price has more than doubled since the beginning of the year. The fast-casual Mediterranean restaurant chain is expanding rapidly and building a customer base eager for new healthy fast-food choices.
Still, such concepts do not necessarily translate into lucrative stock picks, and for every Chipotle Mexican Grill (NYSE: CMG), you can find numerous other restaurant stocks that have struggled to move higher over time. Fortunately for Cava shareholders, the business has made significant gains. The question for investors still on the sidelines is whether they have waited too long to buy the restaurant stock.
Part of the appeal of Cava Group is that many perceive it as a sort of second-chance stock for those who missed out on the approximately 140-fold gain in Chipotle delivered from its 2006 initial public offering (IPO) price to its current level.
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 4580.3% increase which would mean more than doubling the current price of 50.36 € for Chipotle Mexican Grill Inc..
