Cava Stock Is Dropping. Is Now the Time to Buy?
Cava Group (NYSE: CAVA) has been one of the most exciting stocks on the market since its initial public offering (IPO) nearly two years ago. It's fast-growing and has a huge opportunity, making it an excellent candidate for growth investors.However, the market wasn't enthused about its most recent earnings report, and Cava stock is down about 30% over the past month. Let's see what's happening and whether or not this is an opportunity to buy on the dip.Cava is a fast-casual restaurant chain with a Mediterranean concept. It uses a limited selection of fresh, premium ingredients that are easy to customize, and it charges prices that are higher than standard fast food but within reach of its more affluent clientele. In many ways, it's aiming to be Chipotle Mexican Grill with a different flavor profile.Continue reading
Cava Group (NYSE: CAVA) has been one of the most exciting stocks on the market since its initial public offering (IPO) nearly two years ago. It's fast-growing and has a huge opportunity, making it an excellent candidate for growth investors.
However, the market wasn't enthused about its most recent earnings report, and Cava stock is down about 30% over the past month. Let's see what's happening and whether or not this is an opportunity to buy on the dip.
Cava is a fast-casual restaurant chain with a Mediterranean concept. It uses a limited selection of fresh, premium ingredients that are easy to customize, and it charges prices that are higher than standard fast food but within reach of its more affluent clientele. In many ways, it's aiming to be Chipotle Mexican Grill with a different flavor profile.
