Mediterranean Growth Monster: CAVA Keeps Surging—Buy the Dip?

CAVA Group TodayCAVACAVA Group$87.55 -7.48 (-7.87$56.03▼$172.43P/E Ratio190.33Price Target$131.47Add to WatchlistIt’s not common to see a restaurant chain perform double-digit same-store restaurant sales growth, also referred to as year-over-year (YoY) comparable (comp) sales growth, these days. The retail/wholesale sector is reeling from strapped consumers trying to survive food inflation. CAVA Group Inc. NYSE: CAVA is a chain of Mediterranean fast-casual restaurants taking the nation by s ...