<p>快餐餐厅是美国文化的一个标志；在当今的忙碌生活中，谁不偶尔需要外带食物呢？老一辈人成长于像 <strong>麦当劳</strong> 这样的标志性品牌。然而，年轻消费者似乎与父母和祖父母有不同的口味；根据食品洞察机构 2022 年的调查，将近 80% 的 Z 世代食客有更健康的饮食习惯，包括强调清洁和植物为基础的食物。</p>
<p><strong>Cava Group</strong>(CAVA -0.02%) 和 <strong>Chipotle Mexican Grill</strong>(CMG -0.83%) 是两个快速增长的快餐连锁品牌，具有长期增长的广阔空间。</p>
<p>这两家公司的股票都获得了优质的估值，具有稳固的基本面和广阔的增长机会。</p>
<p>以下是投资者应考虑定投并持有这两家公司多年的原因。</p>
<h2>新兴地中海风潮</h2>
<p>地中海饮食——以植物、健康脂肪、全谷物和瘦蛋白为主，少吃红肉——正成为美国最流行的饮食趋势之一。据 Stagwell 称，它在美国有 85% 的受欢迎度，并且在 2024 年连续第七年被评为最受欢迎的健康计划。研究表明，地中海饮食有许多健康益处，包括减肥、改善心血管健康和降低炎症。</p>
<p>美国还没有一个家喻户晓的快餐地中海连锁餐厅，但这种情况可能很快会改变。</p>
<p>Cava Group 是少数几家争夺在美国健康饮食者中赢得心智份额的品牌之一。该公司成立于 2006 年，但直到去年才上市。如果你去过 Chipotle，那就是同样的理念：每天新鲜制作的食物，可定制的即点即做餐点。</p>
<p>投资 Cava 的潜力在于其有很大的扩张空间。目前有 323 家餐厅，主要位于东部和东南部海岸。这意味着美国大部分地区都有增长空间。截至第一季度，Cava 的店铺数量同比增长了 22%，当季新增了 13 家店铺。扩张带动了约 30% 的年度营收增长。Cava 已经实现了正的自由现金流，并且符合美国通用会计准则的盈利。</p>
<p>这是一个简单的业务，随着新店的开业，应该会稳步增长。最终，其利润可能会增长到足够大，以便公司开始回购股份，继续推动每股收益更高。未来有多大的机会？最终可能会有成千上万家 Cava 店铺。（例如，Taco Bell 在美国单独就有近 8000 家店铺。）</p>
<p>Cava 的股票交易方式几乎像软件公司一样，几乎是其企业价值的 10 倍，因此并不便宜。投资者应该缓慢购买，并在市场波动削弱 Cava 的势头时更加积极。</p>
<h2>新鲜与文化吸引力相遇</h2>
<p>Chipotle Mexican Grill 成立时间比 Cava 早得多。该公司始于上世纪 90 年代初，现在处于作为一个成熟行业巨头的甜蜜点，具有巨大的增长潜力。</p>
<p>Chipotle 因提供大份量、新鲜食物和价格实惠而闻名。Chipotle 的产品包括卷饼、碗和沙拉，配有米饭、蛋白质和新鲜的配菜，如莎莎酱、蔬菜和鳄梨酱。这种食物既健康又在不同人群中广受欢迎。</p>
<p>自 2006 年公司上市以来，该股票的表现远远超过了标普 500 指数，回报超过 5000%。</p>
<p>公式很简单：</p>
<ul>
<li>Chipotle 的餐厅非常赚钱。每家新店的开业都会增加现金流和收益。</li>
<li>其店铺数量从 2014 年的 1783 家增长到 2024 年第二季度的 2941 家。</li>
<li>该连锁企业将利润的一部分用于开设更多门店，并用余下的部分回购股票。</li>
<li>公司的股票数量在此期间减少了近 12%。</li>
<li>该企业创造了卓越的 44.6% 投入资本回报率，突显了 Chipotle 如何高效地利用资本创造价值。</li>
</ul>
<p>简单来说，Chipotle 需要继续做已经在做的事情。好消息是，该企业仍有很长的扩张空间。管理层认为在长期内在北美可以拥有 7000 家门店，这表明 Chipotle 仍有增长潜力。该公司还开始进军外国市场，包括英国、法国、德国和中东地区。</p>
<p>Chipotle 已经发展到足够成熟，投资者可以根据盈利来评估股票；股票的前瞻市盈率为 48 倍，而分析师认为未来几年盈利将以每年 22% 的速度增长。</p>
<p>因此，如果您正在寻找投资纯增长机会，这两家企业看起来都足够吸引人，投资者可以在等待更好的买入机会时适当购买少量股票。</p>

墨式烧烤

<p>Cava Group 和 Chipotle Mexican Grill 是两家具有长期增长潜力的快餐连锁餐厅股票。Cava 正在扩大其店铺规模，并有机会成为地中海食品市场中家喻户晓的品牌。Chipotle 是一个历史悠久的品牌，具有强大的盈利记录，并计划进一步扩张。对于寻求增长机会的投资者来说，这两只股票都值得考虑</p>

<p>Quick-service restaurants are a staple of American culture; in today's hustle and bustle, who doesn't occasionally need to grab food on the go? Older generations grew up with iconic brands like <strong>McDonald's</strong>. However, younger consumers seem to have different tastes than their parents and grandparents; according to a 2022 survey by Food Insight, nearly 8 in 10 Gen Z eaters have healthier dietary habits, including an emphasis on clean and plant-based foods.</p>
<div class="lb-trans"><p>快餐餐厅是美国文化的一个标志；在当今的忙碌生活中，谁不偶尔需要外带食物呢？老一辈人成长于像 <strong>麦当劳</strong> 这样的标志性品牌。然而，年轻消费者似乎与父母和祖父母有不同的口味；根据食品洞察机构 2022 年的调查，将近 80% 的 Z 世代食客有更健康的饮食习惯，包括强调清洁和植物为基础的食物。</p>
</div><p><strong>Cava Group</strong>(CAVA -0.02%) and <strong>Chipotle Mexican Grill</strong>(CMG -0.83%) are two fast-growing quick-service restaurant brands with generous runways for long-term growth.</p>
<div class="lb-trans"><p><strong>Cava Group</strong>(CAVA -0.02%) 和 <strong>Chipotle Mexican Grill</strong>(CMG -0.83%) 是两个快速增长的快餐连锁品牌，具有长期增长的广阔空间。</p>
</div><p>Both stocks have earned premium valuations with solid fundamentals and expansive growth opportunities.</p>
<div class="lb-trans"><p>这两家公司的股票都获得了优质的估值，具有稳固的基本面和广阔的增长机会。</p>
</div><p>Here is why investors should consider dollar-cost averaging into each and holding them for years.</p>
<div class="lb-trans"><p>以下是投资者应考虑定投并持有这两家公司多年的原因。</p>
</div><h2>The emerging Mediterranean craze</h2>
<div class="lb-trans"><h2>新兴地中海风潮</h2>
</div><p>The Mediterranean diet -- heavy on plants, healthy fats, whole grains, and lean proteins while light on red meat -- is becoming one of the most popular diet trends in the United States. According to Stagwell, it has an 85% popularity rating among Americans and was named the most popular health plan for the seventh consecutive year in 2024. Studies have shown that a Mediterranean diet has numerous health benefits, including weight loss, improved cardiovascular health, and lower inflammation.</p>
<div class="lb-trans"><p>地中海饮食——以植物、健康脂肪、全谷物和瘦蛋白为主，少吃红肉——正成为美国最流行的饮食趋势之一。据 Stagwell 称，它在美国有 85% 的受欢迎度，并且在 2024 年连续第七年被评为最受欢迎的健康计划。研究表明，地中海饮食有许多健康益处，包括减肥、改善心血管健康和降低炎症。</p>
</div><p>There is no quick-service Mediterranean restaurant chain with household-level brand recognition in the U.S., but that could soon change.</p>
<div class="lb-trans"><p>美国还没有一个家喻户晓的快餐地中海连锁餐厅，但这种情况可能很快会改变。</p>
</div><p>Cava Group is among a handful of brands racing to win mindshare among healthy eaters in America. The company was founded in 2006 but only went public last year. If you've ever been to a Chipotle, it's the same idea: fresh food prepared daily, with customizable meals made to order.</p>
<div class="lb-trans"><p>Cava Group 是少数几家争夺在美国健康饮食者中赢得心智份额的品牌之一。该公司成立于 2006 年，但直到去年才上市。如果你去过 Chipotle，那就是同样的理念：每天新鲜制作的食物，可定制的即点即做餐点。</p>
</div><p>The investment potential with Cava is that it has a lot of room to expand. There are 323 restaurants, primarily located along the eastern and southeastern seaboards. That leaves most of the U.S. to grow into. Cava has increased its store footprint by 22% year over year as of Q1, including 13 new stores in the quarter. Expansion drove roughly 30% year-over-year revenue growth. Cava already has positive free cash flow and is GAAP profitable.</p>
<div class="lb-trans"><p>投资 Cava 的潜力在于其有很大的扩张空间。目前有 323 家餐厅，主要位于东部和东南部海岸。这意味着美国大部分地区都有增长空间。截至第一季度，Cava 的店铺数量同比增长了 22%，当季新增了 13 家店铺。扩张带动了约 30% 的年度营收增长。Cava 已经实现了正的自由现金流，并且符合美国通用会计准则的盈利。</p>
</div><p>It's a simple business that should grow steadily as it opens new stores. Eventually, its profits might grow large enough for the company to begin repurchasing shares to continue driving earnings per share even higher. How much opportunity is ahead? There could eventually be thousands of Cava stores. (Taco Bell, for example, has nearly 8,000 stores in the U.S. alone.)</p>
<div class="lb-trans"><p>这是一个简单的业务，随着新店的开业，应该会稳步增长。最终，其利润可能会增长到足够大，以便公司开始回购股份，继续推动每股收益更高。未来有多大的机会？最终可能会有成千上万家 Cava 店铺。（例如，Taco Bell 在美国单独就有近 8000 家店铺。）</p>
</div><p>Cava stock trades like that of a software company at almost 10 times its enterprise value to sales, so it isn't cheap. Investors should buy slowly and get more aggressive if market volatility takes some wind out of Cava's sails.</p>
<div class="lb-trans"><p>Cava 的股票交易方式几乎像软件公司一样，几乎是其企业价值的 10 倍，因此并不便宜。投资者应该缓慢购买，并在市场波动削弱 Cava 的势头时更加积极。</p>
</div><h2>Where freshness meets cultural appeal</h2>
<div class="lb-trans"><h2>新鲜与文化吸引力相遇</h2>
</div><p>Chipotle Mexican Grill has been around far longer than Cava has. The company started in the early 1990s and is now in a sweet spot as an established industry powerhouse with lots of growth potential.</p>
<div class="lb-trans"><p>Chipotle Mexican Grill 成立时间比 Cava 早得多。该公司始于上世纪 90 年代初，现在处于作为一个成熟行业巨头的甜蜜点，具有巨大的增长潜力。</p>
</div><p>Chipotle became famous for offering tremendous value with large, fresh portions at an affordable price. Chipotle's products include burritos, bowls, and salads with rice, proteins, and fresh garnishes like salsa, vegetables, and guacamole. The fare is both healthy and broadly appealing across different demographics.</p>
<div class="lb-trans"><p>Chipotle 因提供大份量、新鲜食物和价格实惠而闻名。Chipotle 的产品包括卷饼、碗和沙拉，配有米饭、蛋白质和新鲜的配菜，如莎莎酱、蔬菜和鳄梨酱。这种食物既健康又在不同人群中广受欢迎。</p>
</div><p>The stock has vastly outperformed the S&amp;P 500 since the company went public in 2006, returning more than 5,000%.</p>
<div class="lb-trans"><p>自 2006 年公司上市以来，该股票的表现远远超过了标普 500 指数，回报超过 5000%。</p>
</div><p>The formula is simple:</p>
<ul>
<li>Chipotle's restaurants are very profitable. Each one that opens adds incremental cash flow and earnings.</li>
<li>Its store count has grown from 1,783 in 2014 to 2,941 as of Q2 2024.</li>
<li>The chain reinvests a portion of its profits to open more locations and repurchases stock with the rest.</li>
<li>The company's share count has decreased by almost 12% during that time.</li>
<li>The business generates a stellar 44.6% return on invested capital, which underlines how efficiently Chipotle deploys capital to create value.</li>
</ul>
<div class="lb-trans"><p>公式很简单：</p>
<ul>
<li>Chipotle 的餐厅非常赚钱。每家新店的开业都会增加现金流和收益。</li>
<li>其店铺数量从 2014 年的 1783 家增长到 2024 年第二季度的 2941 家。</li>
<li>该连锁企业将利润的一部分用于开设更多门店，并用余下的部分回购股票。</li>
<li>公司的股票数量在此期间减少了近 12%。</li>
<li>该企业创造了卓越的 44.6% 投入资本回报率，突显了 Chipotle 如何高效地利用资本创造价值。</li>
</ul>
</div><p>Simply put, Chipotle needs to keep doing what it's already doing. The good news is that the business still has a long runway for expansion. Management sees 7,000 stores in North America over the long term, which speaks to Chipotle's remaining growth potential. The company has also begun dipping into foreign markets, including the U.K., France, Germany, and the Middle East.</p>
<div class="lb-trans"><p>简单来说，Chipotle 需要继续做已经在做的事情。好消息是，该企业仍有很长的扩张空间。管理层认为在长期内在北美可以拥有 7000 家门店，这表明 Chipotle 仍有增长潜力。该公司还开始进军外国市场，包括英国、法国、德国和中东地区。</p>
</div><p>Chipotle is mature enough that investors can value the stock on earnings; shares trade at a forward P/E of 48, while analysts believe earnings will grow by 22% annually for the next several years.</p>
<div class="lb-trans"><p>Chipotle 已经发展到足够成熟，投资者可以根据盈利来评估股票；股票的前瞻市盈率为 48 倍，而分析师认为未来几年盈利将以每年 22% 的速度增长。</p>
</div><p>So if you're looking to invest in pure growth opportunities, both businesses look attractive enough for investors to nibble on a few shares of each while waiting for better buying opportunities.</p>
<div class="lb-trans"><p>因此，如果您正在寻找投资纯增长机会，这两家企业看起来都足够吸引人，投资者可以在等待更好的买入机会时适当购买少量股票。</p>
</div>

两只具有巨大长期潜力的快餐股，值得买入并长期持有