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

Cava Group, Inc. (NYSE:CAVA) reported strong Q2 earnings, beating EPS and sales estimates. The company saw significant growth in same-restaurant sales and opened 18 new locations. Cava raised its fiscal year 2024 guidance, leading to a 5.98% increase in its stock price after-hours.

Portfolio Pulse from Erica Kollmann

August 22, 2024 | 8:44 pm

CAVA Group shares rose following the announcement of better-than-expected Q2 financial results and an increase in FY24 adjusted EBITDA guidance.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:28 pm

Cava Group has increased its FY24 adjusted EBITDA guidance from $100M-$105M to $105M-$114M and raised its same restaurant sales growth forecast from 4.5%-6.5% to 8.5%-9.5%.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:19 pm

Cava Group reported Q2 2024 earnings per share of $0.17, surpassing the analyst estimate of $0.12 by 41.67%. The company's sales reached $233.495 million, exceeding the expected $218.215 million and marking a 35.05% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:14 pm

CAVA Group, Inc. (NYSE:CAVA) is experiencing volatility as it prepares to release its Q2 2024 earnings. Analysts expect EPS of $0.12 and revenue of $218.21 million. CAVA has a history of beating estimates, and Stifel analyst Chris O’Cull recently raised the price target to $110. The stock is trading above its 52-week high.

Portfolio Pulse from Dylan Berman

August 22, 2024 | 6:22 pm

US stocks fell on Thursday as traders awaited Fed Chair Powell's speech at the Jackson Hole Symposium. The dollar and Treasury yields rose, impacting bonds and gold negatively. The energy sector outperformed due to rising oil prices, while tech lagged. Notable stock movements included Snowflake's 12% drop and Zoom's 13% rise.

Portfolio Pulse from Piero Cingari

August 22, 2024 | 5:20 pm

CAVA Group Inc and Ross Stores Inc are identified as overbought stocks in the consumer discretionary sector, with RSI values above 70. CAVA's stock has risen 28% in the past month, while Ross Stores declared a quarterly dividend.

Portfolio Pulse from Avi Kapoor

August 22, 2024 | 12:58 pm

US stocks are set for a modest start as traders await Nvidia's earnings and the Jackson Hole Symposium. Nvidia's upcoming earnings are seen as a key market catalyst. Several companies, including Agilent Technologies and Urban Outfitters, showed significant premarket movements based on earnings results.

Portfolio Pulse from Shanthi Rexaline

August 22, 2024 | 10:41 am

Stifel analyst Chris O'Cull has maintained a Buy rating on Cava Group and increased the price target from $90 to $110.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 5:44 pm

The article highlights unusual options activity for 10 consumer discretionary stocks, indicating potential trading opportunities. Notable movements include bullish sentiment for TSLA and NIO, bearish sentiment for SBUX and HD, and mixed sentiments for others.

Portfolio Pulse from Benzinga Insights

August 19, 2024 | 5:35 pm

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