Should You Buy Cava Stock Right Now?
Every restaurant investor is looking for the next Chipotle Mexican Grill (NYSE: CMG). The fast-casual restaurant chain has posted phenomenal returns for investors after taking its healthy Mexican fare across the U.S. The company currently has a market capitalization of $86 billion, making it one of the largest restaurant brands in the world.
The success of Chipotle has spawned a lot of fast-casual restaurant copycats. One of the most successful is Cava Group (NYSE: CAVA), which has a similar concept to Chipotle but with Mediterranean food. It is growing its restaurant count like gangbusters and went public through an initial public offering (IPO) less than a year ago.
Should you buy Cava stock for your portfolio right now?
Source Fool.com
Chipotle Mexican Grill Inc. Stock
€51.73
-0.600%
The stock is one of the favorites of our community with 75 Buy predictions and 1 Sell predictions.
With a target price of 2357 € there is potential for a 4456.35% increase which would mean more than doubling the current price of 51.73 € for Chipotle Mexican Grill Inc..
