And now, folks, our next stock from Morning Star, a slightly different type of business, Cava, the fast-growing Mediterranean restaurant chain.
To be perfectly honest, the work is going wonderfully . Sales increased by 31% and visitor traffic increased by more than 5%. Do you remember SanDisk, where most of the growth came from rising prices?
"Kava " is the exact opposite. More people are already entering through the doors, and that is the healthiest kind of growth.
Roughly 1 month ago, I downgraded Cava Group stock to a hold, downgrading it from a buy. At that point, Cava Group was selling at above $70 per share, closer to $75 per share.
Now, since then, the stock price has fallen considerably, roughly 40% roughly 33% and is now trading at around $55 per share. So, I wanted to take another look at the company and see if it's a buying opportunity on the dip now that the price is lower, is it a more attractive stock to buy?
