Cava Lava

Cava Group (CAVA), owner of the eponymous Cava restaurant, went public in June 2023 at $22 per share. Currently, it is trading at $133.50. Quite an awesome ride.

A new Mediterranean-themed restaurant chain evokes thoughts of Chipotle Mexican Grill and the dreams of riches that lay ahead of it and its shareholders. As the stock has been on a tear, so has the business. A P/E of 350 or a PEG of 80 hardly matters for a fast-growing company in the nascent stages of its growth journey. Let’s briefly explore CAVA’s potential.

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