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Mediterranean chain Cava beat Wall Street estimates Tuesday afternoon, with same-store sales jumping 18.1%, compared to 12.39% expected. The stock vaulted over $172 per share — an all-time high ...
Despite the expensive nature of the stock, I still like Cava over the long term. Traffic increased 9.5% during the quarter, which again is in contrast to what was a weaker quarter for restaurants.
Cava opened just 18 new restaurants. But when you compare those numbers to the store bases of each of these companies, you start to see a notable difference. At 341 stores, 18 locations is a ...
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]
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 ...
The trend Cardenas notes comes at a time when consumers are seeing fast food as unaffordable, with 78% of Americans calling fast food a “luxury” because of its price tag, and 60% saying they ...
Looking at it from a price-to-sales (P/S) valuation, Cava stock is about 37 times more expensive than Cracker Barrel stock. CAVA PS Ratio Chart. ... and two new stock picks each month.
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 ...