Cava Group Serves Up 60% Gain Amid Strong Post-IPO Buying

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 ...