With its business model somewhat mirroring Chipotle Mexican Grill (CMG) in regards to Mediterranean cuisine, Cava Group (CAVA) has been one of the top-performing stocks since its IPO last year. The remarkable rally in Cava Group's stock continued after the company was able to exceed Q2 top and bottom line expectations Thursday evening. However, investors may be wondering if they should chase the rally in CAVA which popped +19% on Friday and has now skyrocketed +183% year to date to largely outperform the br ...

Topline Shares of burgeoning restaurant chain Cava surged Friday to a fresh all-time high, as the Mediterranean fast casual food company extended its remarkable hot streak since its June 2023 initial public offering. A banner for the Mediterranean restaurant chain Cava is displayed outside of the New York Stock ... [+] Exchange on the day of its 2023 IPO. Getty Images Key Facts Cava stock rallied more than 20% by late afternoon, notching a new all-time high of $125.87 per share. The rise came after Cava rep ...

peepo/E+ via Getty Images CAVA Group, Inc. (NYSE:CAVA) is taking the investing world by storm. The stock has been a complete monster. Shorts are getting squeezed today. And here is the thing. While the valuation here is obscene, the momentum is strong. While we are likely to see some give back in shares, the fact of the matter is that there is a massive runway for growth here still. Not only is traffic up markedly, and comparable sales are shining, there are only about 350 stores. In short, it is still very ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. S ...

Key Takeaways Cava Group raised its 2024 same-store sales estimate to 9% from 5.5% at the midpoint. Same-store sales grew 14.4% year-over-year and Cava added a net 18 locations in the second quarter. CEO Brett Schulman said the company's new grilled steak offering was performing better than expected. Shares soared 17% in intraday trading Friday and are up more than 175% in 2024. Cava Group (CAVA) shares surged in intraday trading Friday, a day after the company raised its 2024 guidance and said its new gril ...

The Mediterranean fast-casual chain posted blowout second-quarter results. Shares of Cava Group (CAVA 17.29%) were soaring today after the fast-casual restaurant chain delivered another strong earnings report with impressive growth on the top and bottom lines. As of 9:51 a.m. ET, Cava stock was up 14.1% on the news. Cava shines again Cava said that comparable sales surged 14.4% in the period, driven by 9.5% traffic growth. That drove revenue up 35.2% to $231.4 million, which was ahead of estimates of $219.5 ...

NEW YORK, NEW YORK - JUNE 15: 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 priced its IPO at $22 per share, valuing the company at $2.5 billion. (Photo by Spencer Platt/Getty Images) Getty Images Here are two rules of business: When a company exceeds quarterly growth targets and raises guidance, its stock price usually goes up. To achieve such growth, companies must i ...

CAVA Group, Inc. CAVA reported better-than-expected second-quarter financial results on Thursday. Cava Group reported quarterly earnings of 17 cents per share which beat the analyst consensus estimate of 12 cents by 41.67%. Quarterly sales clocked in at $233.495 million, beating the analyst consensus estimate by 7% and representing a 35.05% increase from the same period last year. "Our results in the second quarter continued to demonstrate the strength of our category-defining brand and our unique and compe ...

Tim Platt/DigitalVision via Getty Images Investment Thesis CAVA Group (NYSE:CAVA) achieves the impossible. CAVA impresses investors who already had incredibly high expectations, with a beat on the top and bottom and raising its guidance further. CAVA is a contention stock. Many investors, myself included, have questioned its very high valuation. Indeed, I believe that CAVA is priced at approximately 150x forward free cash flow. And yet, the stock continues to move higher. For my part, I can't make the math ...

LauriPatterson/E+ via Getty Images Investment Thesis CAVA Group (NYSE:CAVA) is quickly becoming one of the most followed stocks in the restaurant category, with results that are enviable by CAVA's peers in the fastcasual restaurant cohort. That envy among CAVA's peers might have reached new levels as the Washington, D.C.-headquartered Mediterranean chain of Mediterranean fast casual restaurants across the U.S. reported their Q2 results that blew past the tape. At the same time, CAVA's management raised thei ...