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Cava restaurantsThe Motley Fool
•68% Informative
Mediterranean-style restaurant chain Cava Group is growing like a wildfire while generating positive bottom-line profits.
Cava opened 62 net new restaurants over the last year , including 18 in the recently reported second quarter .
But I'm not going anywhere near the "buy" button for Cava stock in the foreseeable future.
This soaring stock is flying too close to the sun and looks overdue for a sharp price correction.
Stock Advisor service has more than quadrupled the return of S&P 500 since 2002 .
Anders Bylund has positions in Toast and Chipotle Mexican Grill .
The Motley Fool recommends Cava Group and recommends the following options: short September 2024 $ 52 puts on Chipotle .
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