“Why Is CAVA Stock Crashing, and is it a Buying Opportunity?”
CAVA remains overvalued relative to its fundamentals; maintain hold rating pending lower price.
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?