Can Cava Become the Next Chipotle?
Chipotle Mexican Grill (NYSE: CMG) brought innovation to the restaurant sector, pioneering the fast-casual dining concept and scaling it across the U.S. and beyond. The Tex-Mex chain is a leader in the industry, with strong growth and impressive profitability. Its success has spawned copycats.
Cava (NYSE: CAVA) is a Mediterranean-inspired fast-casual restaurant chain that's expanding rapidly itself. But it's much smaller today. That hasn't prevented investors from asking what the business might look like down the road.
Does Cava have what it takes to one day become the next Chipotle? Here's what investors must know.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
€30.35
-0.520%
The stock is one of the favorites of our community with 65 Buy predictions and 1 Sell predictions.
With a target price of 51 € there is a hugely positive potential of 68.04% for Chipotle Mexican Grill Inc. compared to the current price of 30.35 €.
