Missed Out on Chipotle? Buy Cava Instead.
Nothing ever repeats itself perfectly on Wall Street, but there are some things that rhyme. So if you are looking at Chipotle Mexican Grill (NYSE: CMG) and thinking that you missed out on the restaurant's early growth years, don't fret. Cava Group (NYSE: CAVA) looks like it might be heading on a similar trajectory, just with a slightly different food concept. Here's what you need to know.
One of the key strengths of Chipotle is its assembly line preparation approach. It's quite simple, actually. In the background guests see the kitchen, where food is being freshly prepared. That food is then put into containers that sit behind a glass counter. Customers then walk along the counter choosing what they want in their food. The options are limited in one way, but the variety of food outcomes is broad and determined by the customer.
Image source: Getty Images.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
The stock is one of the favorites of our community with 75 Buy predictions and 1 Sell predictions.
With a target price of 2357 € there is potential for a 4429.21% increase which would mean more than doubling the current price of 52.04 € for Chipotle Mexican Grill Inc..
