Better Buy: Cava vs. Starbucks
Cava Group (NYSE: CAVA) was one of this year's hottest initial public offerings (IPO), but shares of the Mediterranean-style restaurant chain are down 11% from its first-day closing price. Starbucks (NASDAQ: SBUX) is the established leader in coffee chains, but it's growing at a slow pace.
It's a case of the new and hot vs. the old and secure. Which one of these restaurant stocks is the better buy today? Lets take a look.
The strong investor interest in Cava stock comes from a desire to get in on something before growth surges. Cava has momentum as it opens new stores and sales soar. In the 2023 second quarter, Cava's first as a public company, sales increased 62% over last year, the kind of growth that only a new and popular company can demonstrate.
Source Fool.com
Starbucks Corp. Stock
With 17 Buy predictions and not the single Sell prediction the community is currently very high on Starbucks Corp..
With a target price of 103 € there is a positive potential of 37.98% for Starbucks Corp. compared to the current price of 74.65 €.
