It was up even more before some insiders cashed out. Shares of Mediterranean fast-casual restaurant chain Cava (CAVA -0.50%) soared 35.4% during August, according to data provided by S&P Global Market Intelligence. Strong financial results for second-quarter 2024 and a corresponding enthusiastic response from Wall Street boosted the stock to an all-time high. But a subsequent stock sale caused a modest pullback. On Aug. 22, Cava reported Q2 financial results, and it was all good news for shareholders. Its Q ...

Does this high-flying stock have more room to rise even higher? If a company is able to achieve impressive growth at a time like now, when people are struggling amid inflation, it can be a sign of a truly impressive business. That's a key reason why Cava Group (CAVA 2.40%) is often seen as the next Chipotle, as the fast-growing business could have a lot of upside given its relatively modest $13 billion valuation. Cava Group's sales are growing by double digits, and it's opening more restaurants. At the same ...

It's tempting to hop on the bandwagon, especially with a business that's firing on all cylinders. The S&P 500 has had a solid year, producing a total return of 19% (as of Aug. 28). This momentum builds off 2023's huge rise. But there's one booming stock that has significantly outperformed the broader index. It has skyrocketed 175% so far in 2024. As if that gain wasn't remarkable enough, this company's shares have even outperformed AI powerhouse Nvidia this year, a business that investors just can't seem to ...

These emerging brands can help you build lasting wealth. Finding up-and-coming consumer brands while they are relatively unknown can be a very rewarding investment strategy. The stock market presents these opportunities to investors all the time. You just have to pay attention to what brands people are shopping for more frequently. Here are two fast-growing brands that could make investors a small fortune over the next 20 years. 1. Cava Group Investors who jumped on board Chipotle Mexican Grill, McDonald's, ...

With an expanding store base, stellar revenue growth, and a niche spot within Mediterranean cuisine, Cava seems poised to continue its remarkable growth story. With markets so high, it's particularly tough these days to entrust capital to high-valuation stocks. In Cava's (CAVA 2.86%) case, the Mediterranean food chain might be the exception. The stock is up over 26% in the last five days, thanks to a stellar second-quarter earnings report. I see this chain as the new Chipotle (CMG 0.81%) with great growth p ...

CAVA Group, Inc. (CAVA) is on a tear, with its stock rallying 31.6% in the past month. The upside outpaces the industry's 7.8% rise and the S&P 500's modest 1% upward movement. CAVA's impressive momentum is fueled by a sustained increase in customer traffic and robust same-store sales growth, positioning it as a standout performer in the market. Ever since the company reported second-quarter 2024 results on Aug 23, the stock has increased 4.1%. CAVA reported earnings per share (EPS) of 17 cents, beating the ...

Cava reported incredible second-quarter results. But that's just a small snapshot of its story. When Cava (CAVA -6.39%) went public in June 2023, it was hailed by some as the new Chipotle Mexican Grill (CMG -0.25%). It operates a similar model of fast-casual restaurants offering healthy, fresh food, with its Mediterranean-style fare providing a different spin on the concept. Cava is meeting investor expectations, and just over a year into being a public company, it's heading in the right direction. Should C ...

Cava Group (CAVA) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Shares of this Mediterranean restaurant chain have returned +40.6% over the past month versus the Zacks S&P 500 composite's +2.6% change. The Zacks Retail - Restaurants industry, to which Cava belongs, has gained 13.6% over this period. Now the key question is: Where could the stock be headed in the near term? Wh ...

Nvidia has dominated the stock market this year, but there have been other big winners as well. Nvidia (NVDA 1.46%) has been the star of the stock market this year. The artificial intelligence (AI) chip specialist has wowed investors with triple-digit revenue growth and an even faster surge on the bottom line as it drives the generative AI revolution forward. No other stock in history has added trillions of dollars in market value so fast, and Nvidia even briefly became the most valuable company in the worl ...

Key Takeaways Cava shares fell from their record high after a major shareholder and several executives sold shares. Cava CEO Brett Schulman and CFO Tricia Toliver were among those who disclosed stock sales. The moves came after the restaurant chain's shares soared on its better-than-expected results for the second quarter. Shares of Cava (CAVA) fell over 5% Tuesday after records showed a major shareholder and several executives sold shares. Cava CEO Brett Schulman sold 201,504 shares worth $24.9 million, ac ...