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
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..