CAVA Group, Inc. (CAVA)

NYSE: CAVA · IEX Real-Time Price · USD
82.93
+5.33 (6.87%)
At close: May 24, 2024, 4:00 PM
85.80
+2.87 (3.46%)
Pre-market: May 28, 2024, 7:29 AM EDT
6.87%
Market Cap 9.45B
Revenue (ttm) 728.70M
Net Income (ttm) 13.28M
Shares Out 114.01M
EPS (ttm) 0.21
PE Ratio 394.90
Forward PE 345.83
Dividend n/a
Ex-Dividend Date n/a
Volume 3,302,720
Open 79.07
Previous Close 77.60
Day's Range 82.93 - 82.93
52-Week Range 29.05 - 84.20
Beta n/a
Analysts Buy
Price Target 65.92 (-20.51%)
Earnings Date May 28, 2024

About CAVA

CAVA Group, Inc. owns and operates a chain of restaurants under the CAVA brand in the United States. The company also offers dips, spreads, and dressings through grocery stores. In addition, the company provides online and mobile ordering platforms. Cava Group, Inc. was founded in 2006 and is headquartered in Washington, the District of Columbia. [Read more]

Industry Restaurants
IPO Date Jun 15, 2023
Employees 8,460
Stock Exchange NYSE
Ticker Symbol CAVA
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 14 analysts, the average rating for CAVA stock is "Buy." The 12-month stock price forecast is $65.92, which is a decrease of -20.51% from the latest price.

Price Target
$65.92
(-20.51% downside)
Analyst Consensus: Buy
Stock Forecasts

News

CAVA to Participate in Upcoming Investor Conferences

WASHINGTON--(BUSINESS WIRE)--CAVA Group, Inc. (NYSE: CAVA), the category-defining Mediterranean fast-casual restaurant brand that brings heart, health, and humanity to food, today announced that it wi...

18 minutes ago - Business Wire

CAVA Group stock price forecast ahead of earnings: buy or sell?

CAVA Group (NASDAQ: CAVA) stock price has surged to a record high as investors compare it with Chipotle Mexican Grill (NYSE: CMG). It soared to a high of $82.82, which was 182% above its lowest level ...

3 days ago - Invezz

CAVA Opens a 55,000-Square-Foot Manufacturing Facility in Virginia's Shenandoah Valley

WASHINGTON--(BUSINESS WIRE)--CAVA (NYSE: CAVA), the category-defining Mediterranean fast-casual restaurant brand, today announced the official opening of a new, state-of-the-art food production and pa...

12 days ago - Business Wire

Fast-Casual Restaurants Want to Be the Next Chipotle. These 3 Stand Out.

Shake Shack, Sweetgreen, and Cava Group are opening dozens of restaurants and using technology to become more efficient.

Other symbols: SGSHAK
20 days ago - Barrons

CAVA to Announce First Quarter 2024 Financial Results on May 28, 2024

WASHINGTON--(BUSINESS WIRE)--CAVA Group, Inc. (NYSE: CAVA), the category-defining Mediterranean fast-casual restaurant brand that brings heart, health, and humanity to food, will host a conference cal...

20 days ago - Business Wire

Cava producer Freixenet reaches deal with unions over drought measures

Spanish cava producer Freixenet said on Saturday it has reached a deal with unions over its proposal to introduce a "short-time work scheme" for nearly 80% of its workforce due to a drought.

23 days ago - Reuters

Planting Hope (MYLK) Announces Receipt of Management Cease Trade Order (MTCO)

CHICAGO, IL and VANCOUVER, BC / ACCESSWIRE / May 2, 2024 / The Planting Hope Company Inc. (TSXV:MYLK)(OTCQB:MYLKF)(FRA:J94) ("Planting Hope " or the "Company") is pleased to announce that, further to ...

25 days ago - Accesswire

Planting Hope (MYLK) Announces Debt Reorganization and Update to Private Placement

Not for distribution to U.S. news wire services or dissemination in the United States. CHICAGO, IL and VANCOUVER, BC / ACCESSWIRE / April 26, 2024 / The Planting Hope Company Inc. (TSXV:MYLK)(OTCQB:MY...

4 weeks ago - Accesswire

Here's why CAVA Group stock price is going vertical

CAVA Group (NYSE: CAVA) stock price just gone vertical and is slowly approaching its all-time high after the spectacular Chipotle Mexican Grill (CMG) earnings. It jumped to a high of $70, a few points...

4 weeks ago - Invezz

The Planting Hope Company Inc. Announces Application for Voluntary MCTO

CHICAGO, IL and VANCOUVER, BC / ACCESSWIRE / April 26, 2024 / The Planting Hope Company Inc. (TSXV:MYLK)(OTCQB:MYLKF)(FRA:J94) ("Planting Hope " or the "Company") announces that it has proactively app...

4 weeks ago - Accesswire

CAVA Enters the Midwest with its First Chicago Restaurant

CHICAGO--(BUSINESS WIRE)--CAVA (NYSE: CAVA), the category-defining Mediterranean fast-casual restaurant brand, today announced the opening of its first restaurant in the Chicago area, marking the comp...

4 weeks ago - Business Wire

Cava, Wawa among the fastest-growing brands: Yelp

Cava and Wawa are among the companies that topped Yelp's list of the fastest-growing brands in the nation based off net new locations and consumer interest.

6 weeks ago - Fox Business

CAVA Launches Its First Nationwide Search for the Best Guest Custom Bowl

WASHINGTON--(BUSINESS WIRE)--CAVA, the category-defining Mediterranean fast-casual restaurant brand, today announced a nationwide search for guests' best custom bowls. To compete in the company's firs...

7 weeks ago - Business Wire

Planting Hope (MYLK) Announces New Private Placement and Signs Memo of Understanding for Equity Investment and Credit Facility

Not for distribution to U.S. news wire services or dissemination in the United States CHICAGO, IL AND VANCOUVER, BC / ACCESSWIRE / April 2, 2024 / The Planting Hope Company Inc. (TSXV:MYLK)(OTCQB:MYLK...

2 months ago - Accesswire

How a consumer pullback is hitting restaurant stocks

Nick Setyan, Wedbush, joins 'Fast Money' to discuss what's next for the restaurant industry as some consumers are pulling back on dining out.

Other symbols: DPZDRIEATPZZASBUXSTKS
2 months ago - CNBC Television

Planting Hope Announces Extension of Non-Brokered Private Placement

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES CHICAGO, IL and VANCOUVER, BC / ACCESSWIRE / March 22, 2024 / The Planting Hope Company Inc. (TSXV:MYLK)(FRA:J...

2 months ago - Accesswire

Cava Group stock price analysis: is this the next Chipotle?

Cava Group (NASDAQ: CAVA) stock price is thriving a few months after going public. It traded at about $43 on its first trading day, then peaked to $57, and crashed to $31 as the momentum faded.

Other symbols: CMG
2 months ago - Invezz

Planting Hope Engages Independent Trading Group as Market Maker

CHICAGO, IL AND VANCOUVER, BC / ACCESSWIRE / March 19, 2024 / The Planting Hope Company Inc. (TSXV:MYLK)(OTCQB:MYLKF)(FRA:J94) ("Planting Hope" or the "Company"), a dynamic Foodtech innovation company...

2 months ago - Accesswire

8 Fast-Casual Tips Retailers Can Take Away From Cava's Growth Strategy

Price and promotion might be the key proteins of retail operations, but make no mistake, there's a lot to be learned from what's inside a $13 pita wrap. The fast-casual chain Cava Group offers proof.

2 months ago - Forbes

Food analyst explains ‘momentum' behind fast-casual dining stocks

As consumers become increasingly cost-conscious and look to limit their spending on dining out, fast-casual dining chains like Chipotle (CMG) continue to record robust performance. Citi Director and R...

Other symbols: PZZASBUXSGYUM
2 months ago - Yahoo Finance

Cava (CAVA) CFO on Trends in Fast Casual Dining

Cava (CAVA) CFO Tricia Tolivar joins Nicole Petallides to discuss consumer trends in the fast casual space. She also talks about Cava's success as a company.

2 months ago - Schwab Network

CAVA to Participate in J.P. Morgan Gaming, Lodging, Restaurant and Leisure Management Access Forum

WASHINGTON--(BUSINESS WIRE)--CAVA Group, Inc. (NYSE: CAVA), the category-defining Mediterranean fast-casual restaurant brand that brings heart, health, and humanity to food, today announced that it wi...

2 months ago - Business Wire

2023 IPOs: Why Cava is a hidden gem

2023 saw over 150 initial public offerings (IPOs) hit the stock exchange. Many of those IPOs have had a rocky tenure so far, but others may be worthy of inclusion in investors' portfolios.

3 months ago - Yahoo Finance

CAVA CEO on earnings: Results the power of unique Mediterranean cuisine where taste and health unite

Cava (CAVA) CEO Brett Schulman joins Yahoo Finance Live to discuss the Mediterranean fast-casual chain's extensive growth plans, including 48 to 52 new locations in 2024 on the way to 1,000 by 2032. S...

3 months ago - Yahoo Finance

No Plans For Price Increases, Says Cava CEO

Cava Co-Founder and CEO, Brett Schulman, discusses performance as the company beats estimates, and says there is no incremental price increase plan to address California's minimum wage being increased...

3 months ago - Bloomberg Markets and Finance