Is It Too Late to Buy Cava Group Stock?
Quick-service Mediterranean restaurant chain Cava Group (NYSE: CAVA) has been an absolute winner since the stock went public last June. Shares will often cool off after the initial public offering (IPO) frenzy fades, but that hasn't happened here. The stock is up a whopping 103% already.
Early success makes it difficult to determine whether it's wise to invest while the company's market cap is still modest at $10 billion or if the hype has already squeezed all the short-term investment returns out of shares.
There's a lot to like about Cava looking years into the future. However, chasing shares here might not be the best idea. Here is why.
Source Fool.com
