Reported about 21 hours ago
Cava Group's stock, which surged 174% over the past year, has recently dropped 25% in a month, prompting questions about whether it's a good time to buy. The restaurant chain, likened to Chipotle for its customizable Mediterranean offerings, reported a 39% sales increase year-over-year and expanding profit margins. However, concerns about high competition and expensive valuation persist, with only 44% of analysts recommending it as a buy. Despite the dip, Cava's growth prospects may still attract long-term investors.
Source: YAHOO