Is It Too Late to Buy Cava Stock?
Cava Group (NYSE: CAVA) is a fast-casual Mediterranean-themed restaurant chain. It is fairly new to the public market and only has a few hundred locations across the U.S. As a company, it has been growing fast and has material growth plans.
After an over 100% stock advance in a year, have investors missed out on this stock? Probably not, but Cava is only appropriate for growth investors willing to tolerate some potential volatility.
Cava's price-to-earnings (P/E) ratio is in the hundreds. Depending on your data source it can be as low as 225 or as high as 962. However, the exact number here doesn't really matter, because a P/E that's measured in the hundreds is incredibly high. If you care at all about valuation you will not be interested in Cava.
Source Fool.com
