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Shares of Cava Group (NYSE: CAVA) are having a fantastic year, as they satisfy the appetites of hungry investors. As of April 12, the stock has surged 48% in 2024, beating the S&P 500 by a wide margin.
This mid-cap restaurant stock is starting to win over the market. And given its strong performance, you might be considering adding shares to your portfolio. Before doing so, there are three things you need to know.
Cava might fly under the radar given that it doesn’t have the scale and wide reach of a business like McDonald’s or Starbucks. But that’s precisely why it’s attracting Wall Street’s attention. There is meaningful growth potential.