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 ...

Growth stocks have the potential to outperform stock market indices like the S&P 500 and Nasdaq 100. These types of stocks can return your initial investment several times over.However, growth stocks can also become quite risky. Any dent in the growth narrative can send shares tumbling as a lofty valuation gets thrust into the spotlight. Growth investing isn’t for everyone, especially if you don’t like volatility. However, investors who can weather the storms of short-term uncertainty may want to consider t ...

CAVA GROUP REPORTS FOURTH QUARTER AND FULL YEAR FISCAL 2023 RESULTS ___________________________________________ 72 NET NEW CAVA RESTAURANT OPENINGS DURING FISCAL 2023 ___________________________________________ FULL YEAR CAVA RESTAURANT-LEVEL PROFIT MARGIN OF 24.8% ___________________________________________ "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 categ ...