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CAVA has been in the spotlight since its hot IPO two years ago, and has been the darling child of wall street analysts (both in terms of price targets and lunch options) since then. Analyst Angelina Hernandez takes a deep dive into the the QSR that changed the game for Mediterranean food in the US, arguing her stance that the rest of the street and investors' views on the stock are gilded by the greatness of the Crazy Feta. Specifically, she warns to temper expectations of future growth, as the Zoes' runway is out of room, and Project Soul might be heart-less on Cava's bottom line.
Initiating Coverage - Underweight ($79.00 PT)
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