Is Cava Group Stock Still a Hot Buy After Rallying 60% This Year?
A top restaurant stock to own this year has been Cava Group (NYSE: CAVA), up an impressive 60% thus far. Investors have been bullish about the Mediterranean fast-casual restaurant brand and its ability to cater to a broad and diverse customer base, which could make the chain more resilient amid a challenging economy.
But while the company has been achieving some strong results in recent quarters, has the stock become too hot to buy right now, or could shares of Cava still soar higher?
In February, Cava reported its fourth-quarter and year-end results. For the quarter ending Dec. 31, 2023, the company's revenue totaled $177.2 million and grew by 36% year over year.
Source Fool.com
