Looking to Buy Cava? Consider This Magnificent Restaurant Stock, Instead.
Cava Group (NYSE: CAVA) has been the talk of the stock market recently. Its red-hot initial public offering (IPO) has investors hoping to get a piece of a booming business with strong long-term growth prospects. Recent financial results that flew by Wall Street estimates added to the already elevated levels of optimism.
With shares cooling off a bit, though, you might be looking at quickly adding Cava stock to your portfolio. But perhaps it's a better idea to consider another top restaurant stock instead. Let's take a closer look at two businesses competing in the fast-casual industry.
For the 12-week period that ended July 9, Cava posted revenue of $171 million. This not only beat Wall Street estimates by nearly $10 million, but also represented a 62% year-over-year jump. That gain marked a slight slowdown from the first fiscal quarter.
Source Fool.com
