Down More Than 50% From Its High, Is Now a Great Time to Buy Shares of Cava Group?

Mediterranean fast-casual restaurant chain Cava Group (NYSE: CAVA) is a rapidly growing business. It's often compared to Chipotle Mexican Grill, with investors seeing it as the next big growth stock in the restaurant industry. Last year was a stellar one for Cava as its shares skyrocketed 162%. This year, however, has been a far different story. The restaurant's stock has slumped 30% and is now down more than 50% from its 52-week high of $172.43. Is this just a bump in the road for the restaurant stock, and is now the time to buy, or should investors hold off on shares of Cava Group today?For a top growth stock like Cava, how quickly the business is growing is inevitably going to be a huge part of the outlook for investors. While the company is continuing to open new restaurants, the key metric for investors to watch is the growth in same-restaurant sales (comps), which effectively is the organic growth rate since it factors in only the restaurants that were open a year ago. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool