Shares of Mediterranean restaurant chain Cava (CAVA 3.29%) stock gained 25% in February according to data provided by S&P Global Market Intelligence. It reported strong fourth-quarter results and investors are excited about its potential.Looks like the real dealCava took the market by storm when it debuted as one of the only exciting initial public offerings (IPO) in a dry year last June. Investors have been following its trajectory to see if it can really make it as a popular and successful fast-casual res ...

Key PointsCava Group stock is currently trading about 4% below its February 29 high of $59.84, finding support 6.1% above its 10-day moving average, a bullish sign.Strong demand in the restaurant industry supports the performance of Cava and other fairly new stocks such as Wingstop and Shake Shack. Cava Group earnings beat analyst expectations since going public.5 stocks we like better than CAVA GroupRestaurant stocks have defied expectations of inflation-induced decline and are among the market's top perfo ...

Fool.com contributor Parkev Tatevosian evaluates Cava (CAVA -0.57%) stock and answers if it is an excellent stock to buy for long-term investors. *Stock prices used were the afternoon prices of March 2, 2024. The video was published on March 4, 2024. ...

Cava (CAVA -0.19%) just reported revenue of $175.5 million (up 52.5% year over year) and diluted earnings per share of $0.02 (compared to a $13.72 year-ago loss) for the 13-week period that ended Dec. 31. Both figures exceeded Wall Street estimates. It's not a surprise, then, that the stock is up 34% year to date (as of Feb. 29); investors are enthusiastic about the business.This restaurant stock has now surged 72% in just the last three months. But some bullish shareholders likely have their sights set on ...

From a technical perspective, Cava Group (CAVA) is looking like an interesting pick, as it just reached a key level of support. CAVA recently overtook the 20-day moving average, and this suggests a short-term bullish trend.The 20-day simple moving average is a popular investing tool. Traders like this SMA because it offers a look back at a stock's price over a shorter period and helps smooth out price fluctuations. The 20-day can also show more trend reversal signals than longer-term moving averages.The 20- ...

CAVA Group, Inc. (NYSE:CAVA) Q4 2023 Earnings Conference Call February 27, 2024 5:00 PM ET Company Participants Matt Milanovich - Senior Vice President, Finance Brett Schulman - Chief Executive Officer Tricia Tolivar - Chief Financial Officer Conference Call Participants Brian Harbour - Morgan Stanley Jon Tower - Citigroup Inc. Brian Mullan - Piper Sandler Andy Barish - Jefferies Group LLC David Tarantino - Robert W. Baird & Co. Chris O’Cull - Stifel Financial Corp. Sharon Zackfia - William Blair & Company ...

Shares of restaurant company Cava Group (CAVA 11.86%) hit new all-time highs on Tuesday after the company released financial results for the fourth quarter of 2023, showing strong growth and encouraging profits. As of 2:30 p.m. ET, Cava stock was up about 11%.A great year for CavaIn 2023, Cava grew revenue by 60% compared to 2022, surpassing $700 million for the year. Moreover, the company was profitable with full-year net income of $13.3 million -- not bad for a small chain of only 309 locations that just ...

Cava Group Inc (NYSE:CAVA) stock is surging, up 11.2% to trade at $56.16 at last glance, following the fast-casual restaurant's better-than-expected fourth-quarter results. Publicly traded since July 2023, today's pop earlier sent CAVA to a fresh record high of $58.22.  The Mediterranean fast-casual restaurant chain opened on June 15 at $42.00, after being priced at $22 the day prior. The shares closed at $43.30 on its debut, and are now up roughly 30% in 2024 already.Options traders are blasting the equity ...

A banner for the Mediterranean restaurant chain Cava is displayed outside of the New York Stock Exchange (NYSE) as the company goes public on June 15, 2023 in New York City.Cava's stock rose 7% Tuesday morning after the Mediterranean restaurant chain released its earnings report a day early.Investors were expecting Cava to report its earnings after the bell on Tuesday afternoon, but the company issued its press release Monday evening instead after early versions of the results appeared in news reports short ...

WASHINGTON--(BUSINESS WIRE)--CAVA Group, Inc. (NYSE: CAVA) (“CAVA Group” or the “Company”), the category-defining Mediterranean fast-casual restaurant brand that brings heart, health, and humanity to food, today announced financial results for its fiscal fourth quarter and fiscal year ended December 31, 2023. “ 2023 was a landmark year for CAVA, one that demonstrated our significant whitespace opportunity and the strength of our operating model and Team Members as we define the next big cultural cuisine ca ...