Reported 4 months ago
Cava Group (NYSE: CAVA) is performing exceptionally well in its first year on the stock market, with a 100% increase in value since going public in June 2023 and achieving profitability. Following a similar model to Chipotle, Cava's fast-casual Mediterranean cuisine has attracted consumers and shown strong same-store sales growth. Despite rapid expansion and profitability, the stock appears overvalued at its current price-to-sales ratio, signaling caution for potential investors.
Source: YAHOO