Where Will Cava Stock Be in 5 Years?
To say that shares of Cava (NYSE: CAVA) have been satisfying investors' hunger would be an understatement. The Mediterranean-inspired fast-casual concept restaurant has surged 105% this year alone (as of Aug. 8), outpacing the broader S&P 500 by a wide margin.
And since its initial public offering in June last year, this rising restaurant stock is a big winner. But is this business a good long-term option? Where will Cava shares be five years from now?
Investors are probably drawn to Cava because of its solid top-line performance. During the fiscal 2024 first quarter (ended April 21), the company reported revenue of $256.3 million, a huge 30.3% gain compared to the same period last fiscal year.
Source Fool.com
