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Is Cava a buy? While Cava appears to have all the ingredients to be the next big restaurant stock, its biggest opportunity is expansion. The company ended last quarter with only 352 locations ...
In November 2018, Cava Group bought Zoës Kitchen, a restaurant chain with more than 250 locations, in a deal worth $300 million, taking the company private and helping Cava expand further into the suburbs. [6] [17] [18] As of August 2021, there are 133 Cava locations. All Cava restaurants are company-owned, and none are franchised. [6]
The Mediterranean-themed restaurant chain Cava Group (NYSE: CAVA) is a good example. As of April 21, Cava had only 323 locations -- about half the footprint of Cracker Barrel.
CMG data by YCharts. Cava only held its IPO in mid-2023, so it is still a very young company. At the end of its first quarter as a public company it operated just 279 locations.
Last year, it opened 72 stores, and it plans to open 50 more in 2024. If the company opens 50 restaurants each year, it will hit around 1,000 units 14 years from now.
In the third quarter, Cava handily outpaced Chipotle in a few key areas. The Mediterranean restaurant chain reported revenue growth of 39% year over year, compared to Chipotle's 13%. Better Stock ...
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Cava Winery & Vineyard is a winery in Hardyston Township (mailing address is Hamburg) in Sussex County, New Jersey. [2] [3] The vineyard was first planted in 2005, and opened to the public in 2008. [4] [5] Cava has 5 acres of grapes under cultivation, and produces 3000 cases of wine per year.