Cava Group Stock: Buy, Sell, or Hold?
Cava Group (NYSE: CAVA) is a relatively new and fast-growing fast-casual restaurant chain. Given the nature of the business model, it reminds a lot of investors of Chipotle Mexican Grill (NYSE: CMG), which has been a huge success business-wise and for shareholders. However, there was a notable issue hanging over Cava's stock, which is still new to the market. It is less of an issue now, which may increase the attractiveness of the company to a lot of investors.
The similarities between Cava and Chipotle are pretty obvious. They both focus on a single style of food, and they both use an assembly line format when customers order. The food offered is fresh and made to order right in front of you. If you eat in one of these two restaurant concepts, you will understand how the other one works. It's part of the reason why long-term investors might want to buy Cava.
Image source: Cava Group.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
With 59 Buy predictions and 1 Sell predictions Chipotle Mexican Grill Inc. is one of the favorites of our community.
As a result the target price of 3085 € shows a slightly positive potential of 9.05% compared to the current price of 2829.0 € for Chipotle Mexican Grill Inc..
