Cava Stock Has Soared 114% Thus Far in 2024: Is the Best Yet to Come?

This new restaurant concept is growing quickly but trades at a steep valuation. Investors love a growth story, especially one in its early stages. So it is no surprise to see Wall Street fawning over restaurant upstart Cava (CAVA 0.23%). The first national Mediterranean restaurant brand With no scaled restaurant chain across the United States, Cava has a ton of white space ahead of it to build a national brand. Even better, Cava is growing while still generating a profit. It posted a restaurant-level profit ...