CAVA Group Stock News

Cava Group (CAVA -1.82%) was one of the better-performing names in 2024. Even after a recent pullback, the stock has risen by more than 175% over the last year, likely because many saw it as a second-chance Chipotle as it works to bring fast, healthy Mediterranean food to more customers.

Two of the hottest restaurant stocks on the market took very different routes to their recent gains.

Investors have long been looking for the next Chipotle Mexican Grill (NYSE: CMG) in the restaurant space, as it has been one of the best-performing restaurant stocks over the past nearly two decades. An early investment in the stock could have helped investors be set for life.

The booming public equity market has been beneficial to investors this year. However, there have been some businesses that have absolutely crushed the broader indices.

With the advent of the internet and social media, it's hard to keep secrets. There are all kinds of investing communities, and when word gets out about an amazing stock, investors can catch on pretty quickly.

Cava Group (CAVA 1.71%) may be the biggest surprise in the restaurant industry in decades.

Bullish sentiment rules

Chipotle Mexican Grill Co. NYSE: CMG popularized the “build-your-own-bowl” concept, allowing customers to select items to put in their salad bowls. The customization concept combined with Mexican cuisine was the proverbial “lightning in a bottle” for the fast-casual restaurant chain.