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If you have a value bias, you won't want to buy Cava's stock. But if you believe Cava can expand to more than 10 times its current size, maybe that lofty P/E ratio won't be such a bother. 2. Cava ...
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CAVA Revenue (Quarterly) data by YCharts 2. Lack of debt. Even more impressive is that the company's expanding without taking on debt. In fact, it's free of any long-term debt.
In November 2018, Cava Group bought Zoës Kitchen, a restaurant chain with more than 250 locations, in a deal worth $300 million, taking the company private and helping Cava expand further into the suburbs. [6] [17] [18] As of August 2021, there are 133 Cava locations. All Cava restaurants are company-owned, and none are franchised. [6]
CMG data by YCharts. Cava only held its IPO in mid-2023, so it is still a very young company. At the end of its first quarter as a public company it operated just 279 locations.
Cava's market capitalization is up over $10 billion, whereas Cracker Barrel's has sunk down to a measly $1 billion. Therefore, Cava is worth 10 Cracker Barrels, in a manner of speaking. CAVA ...
By comparison, in Cava's fiscal Q2, which ended July 14, it produced revenue of $231.4 million and $19.7 million in net income, equating to growth of 35.2% and 203.1% year over year, respectively.
Cava is a great business, but the stock looks overvalued. Investors should stay patient and keep this restaurant stock on a watchlist for now. Should you invest $1,000 in Cava Group right now?
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related to: where to buy cava products near me zip code 48185