Up 165% Already This Year, Is It Too Late to Buy Cava Stock?

If a company is able to achieve impressive growth at a time like now, when people are struggling amid inflation, it can be a sign of a truly impressive business. That's a key reason why Cava Group (NYSE: CAVA) is often seen as the next , as the fast-growing business could have a lot of upside given its relatively modest $13 billion valuation.

Cava Group's sales are growing by double digits, and it's opening more restaurants. At the same time, it's also experiencing strong profit growth. All in all, the business is doing incredibly well even under less-than-ideal economic conditions. But with its stock already amassing some significant gains this year, has its valuation become too rich for it to still be a good investment right now?

What often appeals to growth investors about Cava as an investment is the company's ability to continually generate strong results. The Mediterranean fast-casual restaurant chain has many expansion opportunities, and its existing locations are also doing well and posting strong organic growth.

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Source Fool.com