Search results
Results from the WOW.Com Content Network
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]
Zoës Kitchen was a Mediterranean Style restaurant chain, and a subsidiary of the Cava Group. [1] Their headquarters were located in Plano, Texas.In 2013, the chain had grown to host over 200 locations across 17 states, [citation needed] however, acquisition by Cava Group resulted in a reduction of Zoe's locations (some replaced by Cava restaurants).
[6] [7] Shaich is the current chairman and lead investor in Act III's portfolio companies – Cava, Tatte Bakery & Café, Life Alive, and Level99. [8] [9] During his career, Shaich was a public company CEO for 27 years, and was involved in taking three different restaurant brands public—Au Bon Pain, Panera, and Cava. [10]
CAVA PE Ratio (Forward 1y) data by YCharts. PE = price-to-earnings. PS = price-to-sales. Which stock is the better buy? Both of these companies are well-positioned for long-term growth.
Since the start of the year, shares of Cava are up 165%, and that's with a recent pullback. That's a far better return than the S&P 500 and the 18% gains it has generated over the same time frame.
Image source: Cava. Why the stock has pulled back. Cava initially jumped on its third-quarter earnings report, but the stock fell soon after that, and is now down 24% from that peak.
Caves were used in the early days of Cava production for the preservation or aging of wine. [20] Today Cavas have become integrated with Catalan and also Spanish family traditions and is often consumed at any kind of celebrations (baptism, marriages, banquets, dinners and parties). The sparkling wine of Cava was created in 1872 by Josep Raventós.
Cava stock is up nearly 9% in early trading at more than $43 per share, as Wall Street is out with its initial coverage of the newly publicly traded Mediterranean fast-casual restaurant chain.As ...