This soaring restaurant stock is quickly attracting the attention of Wall Street.Shares of Cava Group (CAVA 1.80%) are having a fantastic year, as they satisfy the appetites of hungry investors. As of April 12, the stock has surged 48% in 2024, beating the S&P 500 by a wide margin.This mid-cap restaurant stock is starting to win over the market. And given its strong performance, you might be considering adding shares to your portfolio. Before doing so, there are three things you need to know.Rapid expansion ...

A gas station-convenience store chain, fast-casual dining and sit-down restaurants are among the fastest-growing brands, according to new data.  For the first time, Yelp released a list of the 50 fastest-growing brands to "recognize the companies that have successfully executed growth strategies over the last year." This includes newly public companies and those that are scaling regionally and ones that are considered industry mainstays, according to Yelp, which publishes crowdsourced reviews about business ...

You Probably Don't Know The Brands Taking Over America in 2024 Montgomery County Planning Commission / Wikimedia Commons When it comes to successful brands in America, the list of big names seems to rarely ever change. If it seems like names like Apple, Google, and Amazon are the names we hear the most, it’s because they are often the ones most associated with growth. Thankfully, Yelp is hoping to change this mindset with its own data set looking at the companies that have seen very successful growth stra ...

Can Cava replicate the success of Chipotle?Chipotle Mexican Grill (CMG -1.11%) has been a huge success. The stock is up over 4x in the last five years and over 130x from its initial public offering (IPO) price of $22 back in 2006. Not surprisingly, investors have long been hunting to find the next Chipotle.One of the newest contenders is Mediterranean fast-casual restaurant operator Cava Group (CAVA -3.96%). How does the company stack up to Chipotle, and should investors consider buying the stock?Similar ch ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Cava Group (CAVA) .Cava currently has an average brokerage recomm ...

The stock trades at a premium compared to many other restaurant stocks. Is it worth it?A top restaurant stock to own this year has been Cava Group (CAVA -5.15%), up an impressive 60% thus far. Investors have been bullish about the Mediterranean fast-casual restaurant brand and its ability to cater to a broad and diverse customer base, which could make the chain more resilient amid a challenging economy. But while the company has been achieving some strong results in recent quarters, has the stock become too ...

Cava Group (CAVA) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, CAVA crossed above the 20-day moving average, suggesting 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.Simil ...

The U.S. restaurant industry has shown tremendous resilience amid rising prices and inflationary pressures. The industry grew at a solid pace in 2023 and the momentum has continued into this year.Restaurant Industry Continues to GrowSales at U.S. food and drinking places totaled $84.1 billion in February, up 0.4% month over month, the Commerce Department reported. On a year-over-year basis, restaurant sales jumped 6.3% in February. Higher prices have been hurting overall retail sales but that hasn’t impacte ...

Shares of the young restaurant chain are soaring this year.Shares of Cava Group (CAVA -3.87%) caught investor interest when it went public last year as one of few exciting initial public offerings (IPOs). Cava operates a small chain of Mediterranean-inspired restaurants with big potential. Its stock is already up 63% this year on encouraging results and investor enthusiasm. Is it too late to buy?Why Cava is getting investors excitedCava is often compared to megastock Chipotle Mexican Grill. It offers a simi ...

After a disappointing three months following its initial public offering in June 2023, Cava (CAVA 0.03%) is starting to whet investors' appetite. Shares of the Mediterranean-focused restaurant chain are up 51% year to date (as of March 19). That gain exceeds the return of the S&P 500 by a wide margin.While it wins over skeptics, some of the most bullish investors are hoping that there are even better days ahead. Can this hot new restaurant stock make you a millionaire one day? I believe it's best to view th ...