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[7] [9] [11] They opened the first Cava restaurant in Bethesda, Maryland, in January 2011. [9] [12] In August 2018, Zoës was acquired by Cava Group, Inc. for $300 million in total enterprise value. [13] In April 2021, Cava Group completed a $190 million series F funding round led by T. Rowe Price, bringing its value to nearly $1.3 billion. [14]
The founders of Cava had a fantastic idea: ... Applying that $250 million earnings estimate to a $14 billion market cap, you get a price-to-earnings ratio of 56 in five years. A P/E of 56 would be ...
The 52-year-old CEO and co-founder has watched Cava, the cult-classic Mediterranean fast-casual spot, skyrocket. Since its IPO last summer, the chain’s stock has grown over 300%; it hit a new ...
By 2005, Shaich grew total sales of Panera Bread to $2 billion with profits of $81.1 million and a stock price of $73.56. [ 30 ] In November 2009, Shaich announced that he would step down as CEO of Panera Bread in 2010 as he hoped to take what he learned at Panera and make contributions to civic society while retaining his role as the company's ...
Although profitable, Cava shares are still very expensive, priced at more than 300 times this year's expected per-share earnings of $0.42 and just under 300 times next year's expected $0.50. The ...
Still, Cava's price-to-sales (P/S) ratio of 15 is far above Chipotle's sales multiple of 8, which may leave investors wondering whether Cava is worth that extra expense. CAVA PS Ratio Chart.
The parent company for American restaurant chain Chili's is Brinker International (NYSE: EAT), and it made its debut on the public markets way back in 1989. Now, 35 years later, Brinker stock ...
TD Cowen analyst Andrew Charles wrote in a client note that Cava's price increase, of roughly 15% compared to 2019, "significantly trails" the 25% to 30% hikes by most fast-casual peers.