Why analysts are calling Cava the next Chipotle [MSNBC.com]
Chipotle Mexican Grill, Inc. (CMG)
Last chipotle mexican grill, inc. earnings: 4/21 04:10 pm
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Source: MSNBC.com
Fast-casual Mediterranean chainCavagoing public in June 2023Now, Wall Street analysts see shades of another fast-casual success story:Chipotle Mexican GrillIn its most recent results for the second quarter of 2024, Cavabucked"Cava seems to have found a magic formula," said Wedbush Securities restaurant analyst Nick Setyan.Cava shares closed at $127.12 on Thursday and are up 211% this year.One area where Cava may have gained an edge is pricing: it raised prices by3%"You hear a lot about the value wars lately. And we think that that's a misnomer, that it's really those are discount wars," said Schulman. "We think that value is a combination of attributes: the quality, the relevance and the convenience and experience of what you get. And for us, that's the quality of our food. It's the relevance of our Mediterranean cuisine."Cava has"Paying a Cava price versus, let's say, the premium offering at a QSR burger," said Setyan. "The prices are actually pretty comparable now. That's also benef
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CMG
Earnings
- 7/24/24 - Beat
CMG
Sec Filings
- 9/25/24 - Form 144/A
- 9/23/24 - Form 144
- 9/19/24 - Form 144
- CMG's page on the SEC website