Burrito chain Chipotle Mexican Grill (NYSE: CMG) and Mediterranean concept Cava Group (NYSE: CAVA) are undeniably stock market darlings in the restaurant industry. Over the past year, Chipotle’s shares are up 70%, and Cava’s are up by a whopping 150%. Investors are simply enthused with what they see. There’s good reason for that enthusiasm. Their […]
Tag: Cava
Cava Is Worth $33 Million Per Restaurant After Blistering Debut
(Bloomberg) — Of all the hot IPOs over the past year — AI firms and biotech startups and the like — none has popped on Wall Street quite like Cava Group Inc. Most Read from Bloomberg The restaurant chain — the Mediterranean Chipotle, as its financial backers like to call it — has soared more […]
Are Democrats still strong enough in Miami-Dade for Levine Cava to win in August?
Daniella Levine Cava has no competition from the left this summer as the first-term Democrat faces a field of Republican challengers in the election for Miami-Dade County mayor. But her party’s shrinking base in Miami-Dade makes it harder for Levine Cava to secure the decisive win she wants in August. No Democrat signed up to […]
Don’t Look Now, but Cava Is Worth 10 Cracker Barrels. Time to Buy the Stock?
For over 50 years, restaurant chain Cracker Barrel Old Country Store (NASDAQ: CBRL) has been pleasing customers with Southern style comfort food, old-timey products in its country store, and unique antique decor throughout its locations. Weary interstate travelers stop in, relax in some front-porch rocking chairs, and perhaps even play a game of checkers. This […]
Is It Too Late to Buy Cava Group Stock?
Cava Group‘s (NYSE: CAVA) stock price has more than doubled since the beginning of the year. The fast-casual Mediterranean restaurant chain is expanding rapidly and building a customer base eager for new healthy fast-food choices. Still, such concepts do not necessarily translate into lucrative stock picks, and for every Chipotle Mexican Grill (NYSE: CMG), you […]
Move Over, Chipotle — Cava Sees Revenue Surge. Time to Buy the Stock?
In the restaurant space, investors are constantly on the lookout for what company could become the next Chipotle Mexican Grill (NYSE: CMG). And for good reason — Chipotle’s stock is up over 7,000% since it IPO’d back in 2006. The latest contender is Cava Group (NYSE: CAVA), a Mediterranean restaurant fast-casual concept that has been […]
Dow Jones Futures Fall After Surging Nvidia Masks Market Weakness; Cava Slides Late
Dow Jones futures fell slightly overnight, along with S&P 500 futures and Nasdaq futures. Cava Group (CAVA) headlined earnings after the close, with Abercrombie & Fitch (ANF) and Viking Holdings (VIK) due early Wednesday. X The stock market rally had another mixed session Tuesday, with Nvidia (NVDA) continuing to run higher, lifting the Nasdaq. But […]
Cava Expected to Log Weaker Traffic but Healthier Spending in 1Q
After the market closes, Cava is expected to report lower 1Q year-over-year traffic but healthy gains in average ticket after prices increased 2.5% to 3% in January and customers started buying more premium bowls and bowl add-ons, William Blair analysts Sharon Zackfia and Matthew Curtis say in a research note. They are modeling a low […]
CAVA Stock: Cava Earnings Due With Hot IPO Nearly Doubling In 2024; Watch For This
Mediterranean fast-casual food chain Cava Group (CAVA) reports Q1 earnings late Tuesday. CAVA stock hit a fresh record high ahead of results, with the hot IPO nearly doubling in 2024. X Stifel on Tuesday hiked its price target on CAVA stock to 90 from 66 and maintained a buy rating on shares, The Fly reported. […]
CRM Stock Hit By Sellers Ahead Of Quarterly Results; Cava, Abercrombie, Viking Also Due
The Nasdaq’s downside reversal Thursday fueled selling in a lot of growth stocks, including Dow Jones stock Salesforce (CRM), which slumped nearly 2% in higher volume and contributed to the Dow’s 600-point decline. CRM stock has had trouble attracting buyers after shares gapped down on April 15. It’s one of several high-profile earnings reports due […]
Should You Buy Cava Stock Right Now?
Every restaurant investor is looking for the next Chipotle Mexican Grill (NYSE: CMG). The fast-casual restaurant chain has posted phenomenal returns for investors after taking its healthy Mexican fare across the U.S. The company currently has a market capitalization of $86 billion, making it one of the largest restaurant brands in the world. The success […]
Where Will Cava Stock Be in 3 Years?
Restaurant brands come and go, but when a concept is new and attractive it can lead to exciting stories on Wall Street. That’s basically what’s going on today with Cava Group (NYSE: CAVA), a Mediterranean fast-casual restaurant that’s drawing in customers in huge numbers. The next three years are likely to see the company grow […]