Aug. 5 at 5:33 PM
$CAVA 68$ end of day and 100$ end of year.
I’ve always thought this was a great business. Every time I drive by one of their stores, it’s packed with customers and there’s almost always a long line. I remember when the stock was in the
$40S. I told myself, “This looks like a great company to invest in because it’s always busy.” Unfortunately, I never bought it. Then the price climbed into the
$80–
$90 range, and I wasn’t surprised. With the number of customers they have, I felt the stock had room to move higher. Now that the price has pulled back, I think this could be another opportunity to buy. No matter which location you visit, the stores are consistently crowded, the lines are long, and there are always plenty of pickup and delivery orders. Of course, the upcoming earnings report will show whether the business is truly performing as well as it appears. But based on what I’ve personally observed, the company looks very strong.
