SG - Better Buy: Cava vs. Sweetgreen Stock
2024-07-21 07:45:00 ET
If you enjoy a good fast-casual meal, you might have already sampled the Mediterranean-style offerings at Cava Group (NYSE: CAVA) 's restaurants or the healthy-oriented fare at Sweetgreen (NYSE: SG) . You might even have a favorite dish, but which of these hot stocks is the better buy?
Cava and Sweetgreen operate similar models. Both are small but growing restaurant chains with the fast-casual model and offer healthy, eco-conscious dishes with fresh ingredients at prices that fall between fast food and fine dining. Cava's spin on the model is a Mediterranean take, while Sweetgreen has a focus on salads.
Both of these are relatively new initial public offerings (IPO), so there's not a lot to go by in terms of track records. Inflation is cutting into some of these numbers, which only give investors a bite-size look at the overall picture. That's why IPO stocks can be risky, and these numbers would probably look a lot different under better conditions.
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Better Buy: Cava vs. Sweetgreen Stock