CAVA — All updates

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?

Then we have Cava, the company that sells the Chipotle-like, but this time Mediterranean and Greek-influenced food. They come in bowls and they're very healthy, and overall, Cava is a well-liked company. A lot of people like these bowls.

Now, Cava is still in the early stages of a restaurant that has a proven concept. They currently have 476 restaurant locations, and they have the potential to grow that to multiple thousands.

So, this is one that still has enormous growth potential ahead of it.