Reported 4 months ago
Cava Group's stock price has doubled in 2024, driven by its fast-casual Mediterranean restaurant chain expansion. Although compared to Chipotle, Cava's growth potential may be limited. Despite its improving financials and rapid revenue growth, its high price-to-sales ratio raises concerns about its valuation. Whether it's too late or early to buy Cava stock depends on investors' perspective, with those considering investment advised to do so gradually due to the stock's unpredictability in the near term.
Source: YAHOO