As a fast-casual concept focusing on Mediterranean-inspired dishes, investors might consider it a good idea. Cava Group (NYSE: CAVA) as the following Chipotle Mexican GrillCava shares have risen 66% over the past 12 months (to 18 July), delivering a total return of 25% from the S500.

Growth-minded investors are likely to have their eyes on Cava now, even though it has cooled and is down 17% from its peak. But is it too late to buy? restaurant stock?

In the grand scheme of the restaurant industry, Cava is still small. As of April 21, it had 323 stores in the U.S. However, the company added 72 net new locations in fiscal 2023, and management plans to open 52 more this year. The growth potential is certainly exciting.

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Source Fool.com