The recent IPO, compared favorably to Chipotle, has found a "magic formula" with earnings set to double. Cava stock has nearly tripled this year.
Recently, Zacks.com users have been paying close attention to Cava (CAVA). This makes it worthwhile to examine what the stock has in store.
Cava appears to have all the ingredients needed to be the next Chipotle.
The restaurant chain is an attractive investment, but there's one factor to consider before deciding to buy.
With the year's third quarter in the record books, growth investors may be wondering which firms have been standout performers.
Cava Group (CAVA) reachead $122.43 at the closing of the latest trading day, reflecting a -1.15% change compared to its last close.
Daniel Lubetzky, founder of Kind Snacks and the newest 'Shark Tank' judge, joins Asking for a Trend to discuss his new role on the show and share his perspective on the food and snack industry. The new Shark Tank judge reflected on his experience, noting that he's learning a great deal from his colleagues.
Cava has earned a $135 price target, implying upside of about 6% from its share price on Friday, and ‘Neutral' rating in initial coverage by analysts at UBS. Analysts see the fast-casual Mediterranean category leader generating 20%-plus in revenue growth over the next three years.
Fast-casual Mediterranean chain Cava has become a new Wall Street darling as it looks to match the performance of predecessor and competitor, Chipotle.
Cava Group (CAVA) reachead $126.84 at the closing of the latest trading day, reflecting a -0.47% change compared to its last close.
CAVA benefits from strong expansion efforts, including new market entries and double-digit same-store sales growth.
Chipotle Mexican Grill is up over 6,000% since its initial public offering. Cava Group's business model is similar to Chipotle's, just with a different food focus.