Move Over, Chipotle -- Cava Sees Revenue Surge. Time to Buy the Stock?
In the restaurant space, investors are constantly on the lookout for what company could become the next Chipotle Mexican Grill (NYSE: CMG). And for good reason -- Chipotle's stock is up over 7,000% since it IPO'd back in 2006.
The latest contender is Cava Group (NYSE: CAVA), a Mediterranean restaurant fast-casual concept that has been growing its restaurant base quickly. The company reported strong revenue growth in the first quarter.
Let's take a close look at Cava's most recent earnings report and see whether the stock makes good sense for investors now.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
€50.36
-1.180%
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..
