2024-05-19 10:00:00 ET
Every restaurant investor is looking for the next Chipotle Mexican Grill (NYSE: CMG) . The fast-casual restaurant chain has posted phenomenal returns for investors after taking its healthy Mexican fare across the U.S. The company currently has a market capitalization of $86 billion, making it one of the largest restaurant brands in the world.
The success of Chipotle has spawned a lot of fast-casual restaurant copycats. One of the most successful is Cava Group (NYSE: CAVA) , which has a similar concept to Chipotle but with Mediterranean food. It is growing its restaurant count like gangbusters and went public through an initial public offering ( IPO ) less than a year ago.
Should you buy Cava stock for your portfolio right now?
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Should You Buy Cava Stock Right Now?