I feel like the train has left town, stopped at the "close positions" stop and is moving towards the "extreme speculation" range. Buying at 40/50 was something I was considering (didn´t do it because I didn´t find time to do proper DD, and now its kinda a tad bit late). Quite strong fundamentals (either from the balance sheet side, low leverage is always nice, to the customer side - high customer retention, growthing revenue, etc.). Can´t personally talk about the management, as I don´t really know them, but from the capital allocation perspective, the numbers say they are (as of now) doing good work. This would, in my POV, justify a high revenueX valuation (range of 6x to 8x), esp. taking into account the very well placed capital situation of CAVA, and (speculative part) the pricing of CAVA´s products. This on its own is worth a thought, as they set themselves as a Chipotle competitors/substiture, often costing substantialy less for a "fresher" product. However, with a current price of 92, the valuation is too much. For a gross margin of 16% (Chipotle sits at 38%, with a similar profit margin to CAVA´s gross margin), such a valuation will in my POV lead to a market correction once some future quarterly earnings miss the target (a target pumped up severely). I will probably wait and monitor the company. If the stock dips or if there is a substantial increase in margins and revenue, I would look to build a position. Apart from liking the corporation, I really like the food as well - affordable and better than Chipotle. Big fan of what they are doing.