Streetbeat News

CAVA

CAVA Group, Inc.

https://www.cava.com

Industry

Restaurants

CAVA Group, Inc. owns and operates a chain of Mediterranean restaurants. The company offers salads, dips, spreads, toppings, and dressings. It sells its products through whole food markets and grocery stores. The company also provides online food ordering services. Cava Group, Inc. was founded in 2006 and is based in Washington, District of Columbia.

Open

137.75

Mkt cap

16B

Volume

3.7M

High

142.09

P/E Ratio

785.44

52-wk high

172.43

Low

135.10

Div yield

N/A

52-wk low

31.47

Ten stocks, including NIO and Best Buy, were the best performers last week. Key drivers included strong earnings reports, raised guidance, and analyst upgrades.

Portfolio Pulse from Lekha Gupta

June 02, 2024 | 2:57 pm

Barclays analyst Jeffrey Bernstein maintains an Equal-Weight rating on Cava Group (NYSE:CAVA) and raises the price target from $58 to $72.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 7:07 pm

CAVA Group shares are trading higher, rebounding after a decline on Wednesday.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 3:12 pm

Whales have shown unusual options activity for Cava Group (NYSE:CAVA) with a mixed sentiment. The stock is currently trading at $90.44, up by 2.59%. Analysts have mixed ratings with an average target price of $88.0.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 2:02 pm

Jefferies analyst Andy Barish maintains a Buy rating on Cava Group (NYSE:CAVA) and raises the price target from $72 to $94.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 7:44 pm

CAVA Group Inc. (NYSE:CAVA) reported a 30.3% increase in first-quarter revenue to $256.3 million, beating estimates. Quarterly earnings of $0.12 also surpassed expectations. Wedbush maintains an Outperform rating, raising the price target from $74 to $90, citing positive transaction growth and strong long-term prospects.

Portfolio Pulse from Vandana Singh

May 29, 2024 | 6:57 pm

Bank of Montreal (NYSE:BMO) shares fell 7.1% after reporting worse-than-expected Q2 earnings. Other notable stock movements include ReShape Lifesciences Inc. (NASDAQ:RSLS) jumping 82.8% due to a new patent, and Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) falling 38.8% after disappointing revenue results.

Portfolio Pulse from Avi Kapoor

May 29, 2024 | 5:28 pm

Cava Group Inc (NYSE:CAVA) reported better-than-expected earnings for Q1, with revenue up 30.3% year-over-year and earnings per share of 12 cents, beating estimates. CEO Brett Schulman attributes success to Cava's unique value proposition, attracting consumers trading down from casual dining and up from fast food. The company plans to open 50-54 new restaurants in 2024.

Portfolio Pulse from Adam Eckert

May 29, 2024 | 5:20 pm

CAVA Group shares are trading lower despite reporting a Q1 earnings beat and increasing their FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 2:30 pm

Cava Group Inc (NYSE:CAVA) shares are trading lower despite reporting strong Q1 financial results, with revenue and EPS beating estimates. The company saw a 30.3% year-over-year revenue increase and opened 14 new restaurants. Analysts have raised their price targets, but the stock is down 7.56%.

Portfolio Pulse from Adam Eckert

May 29, 2024 | 2:14 pm

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