CAVA Group Stock News

Despite a sharp decline in stock prices due to selling by major shareholders, Cava Group Inc. (NYSE: CAVA) still presents a compelling investment opportunity. The stock dropped nearly 8% today after CEO Brett Schulman and CFO Tricia Tolivar announced plans to sell substantial shares.

Fast-casual restaurant chain Cava continues to show strong same-store sales growth and build new restaurants.

CAVA Group Inc (NYSE:CAVA) stock is retreating sharply from last session's record highs, down 7.2% at $116.79, after reports that several insiders are selling shares following the stock's latest post-earnings rally.

Cava Group Inc.'s stock CAVA, +3.11% fell 9% early Tuesday, after the fast-casual Mediterranean restaurant operator's chief executive and other company insiders announced stock sales after a recent spike in the stock price driven by better-than-expected earnings. A flurry of filings with the Securities and Exchange Commission late Monday disclosed that CEO Brent Schulman sold 210,504 shares for...

Mediterranean fast-casual restaurant operator CAVA Group Inc. NYSE: CAVA shocked Wall Street with its stunning second-quarter 2024 earnings release. While the company beat consensus estimates by 4 cents, the real standout metric is the 14.4% YoY comparable sales growth (comps).

Cava saw its same-restaurant sales surge in its fiscal Q2. The company has a huge expansion opportunity in front of it.

Cava is a fast-casual restaurant with a relatively small store footprint. The company is opening new locations at a fairly rapid clip.

CAVA Group's Q2'24 earnings beat expectations, raising FY24 guidance, driven by strong same-restaurant sales growth and minimal price increases. The company plans to expand significantly, adding 22-25 new locations in 2H24 and growing by 15% in eFY25. CAVA brings a unique appeal to Gen Z and younger millennials with healthy, fresh, and customizable food options.