BofA Securities analyst Sara Senatore initiated coverage on the shares of CAVA Group Inc CAVA with a Buy rating and announced a price forecast of $112.00.
You can be forgiven if you've never heard of Cava Group (CAVA -3.16%). As of the end of 2024, the company had just 367 restaurant locations and many of these had only recently been rebranded from the Zoës Kitchen name.
Cava Group (CAVA -0.12%) stock caught investor attention from the time of its initial public offering (IPO) in the middle of 2023, and its stock has soared since. At the time of this writing, it's up 92% since its first-day closing price.
CAVA's focus on technology-driven efficiencies, customer loyalty initiatives and new market entries propel it for growth.
The recent volatility in restaurant chain stocks has provided "some opportunities," according to JPMorgan.
Mediterranean fast-casual restaurant chain Cava Group (CAVA 5.83%) is a rapidly growing business. It's often compared to Chipotle Mexican Grill, with investors seeing it as the next big growth stock in the restaurant industry.
Cava (CAVA) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Well, that didn't take long.
Growth stocks can help you multiply your savings over many years. Relatively small companies that are in the early stages of capturing their addressable market can be some of the most rewarding investments you ever make.
Shares of Cava (CAVA -4.74%) have had a great run over the past year and hit an all-time high of $172 in late 2024. But in the past month alone, the stock has fallen 39% and trades near $87 as of this writing.
Cava Group (CAVA -1.72%) has been one of the most exciting stocks on the market since its initial public offering (IPO) nearly two years ago. It's fast-growing and has a huge opportunity, making it an excellent candidate for growth investors.
Cava (CAVA) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.