Is It Too Late to Buy Cava Group Stock?
CAVA (CAVA) The Motley Fool·2024-06-04 19:11
This Mediterranean cuisine vendor has definitely picked some impressive role models.Shares of Cava Group (CAVA -4.92%) are skyrocketing this year. The Mediterranean restaurant chain's stock price has surged 160% higher in six months, more than tripling from a temporary dip in the fall of 2023.So Cava certainly has market momentum on its side, but it's not a cheap stock today. Shares are changing hands at lofty multiples such as 13 times sales and 345 times earnings. Will the company grow into these generous ...