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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]
Cava went public in June 2023 and is now on track to do over $11 billion in revenue this year, per estimates from Visible Alpha, and its early pace of growth has even eclipsed what Chipotle ...
Shares of restaurant company Cava Group (NYSE: CAVA) dropped 19.9% during December, according to data provided by S&P Global Market Intelligence. On one hand, fellow high-flying restaurant stock ...
Cava ended the first half of 2024 with 341 locations. At the midpoint of the year, Chipotle had around 3,500 restaurants. It is an order of magnitude larger than Cava.
Dutch Bros envisions operating 4,000 stores over the next 10 to 15 years, while Cava thinks it can reach at least 1,000 stores by 2032. That would mean quadrupling store count for Dutch Bros and ...
Cava looks to be on a similar path as Chipotle and believes it can reach at least 1,000 locations in the United States, if not more. Today, the company has 341 locations and plans to add 55 ...
The argument here for Cava is that this is the company that is making Mediterranean eating in the United States a thing. ... stock is. The lower the percentage, the more expensive it is. In the ...
Cava's stock closed at $137.24 on Monday, putting its price-to-earnings multiple at more than 330. Even based on analyst projections, it's trading at over 277 times next year's profits.