Buy These 5 Restaurant Stocks With Growth Potential as Sales Soar [Yahoo! Finance]
CAVA Group, Inc. (CAVA)
Company Research
Source: Yahoo! Finance
Higher personal income and spending have been the major factors driving sales amid inflationary pressures. Last week, the Commerce Department reported that restaurant sales grew at a solid pace in October, and is on track to end the year on a high. Given the positive outlook, investing in restaurant stocks, such as CAVA Group, Inc. CAVA, Dutch Bros Inc. BROS, Shake Shack Inc. SHAK, Brinker International, Inc. EAT and Kura Sushi USA, Inc. KRUS will be a prudent choice. These stocks have seen positive earnings estimate revisions in the last 60 days. Each of our picks carries a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here The Commerce Department said last week that sales at U.S. bars and restaurants totaled $97.3 billion in October, up 0.3% month over month, after increasing 1.2% in September. On a year-over-year basis, sales at restaurants grew 4.2% in October. For the 10 months through October, sales totaled $495.4 bi
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News
- CAVA Group, Inc. (CAVA) Is a Trending Stock: Facts to Know Before Betting on It [Yahoo! Finance]Yahoo! Finance
- A Closer Look to CAVA: Artal International Capitalizes on Stock Gains [Yahoo! Finance]Yahoo! Finance
- CAVA Stock Post-Q3 Triumph: A Growth Story Worth Investing In? [Yahoo! Finance]Yahoo! Finance
- CAVA Group, Inc. (NYSE: CAVA) is now covered by analysts at Sanford C. Bernstein. They set a "market perform" rating and a $145.00 price target on the stock.MarketBeat
- Valuing Cava Stock [Yahoo! Finance]Yahoo! Finance
CAVA
Earnings
- 11/12/24 - Beat
CAVA
Sec Filings
- 11/21/24 - Form 4
- 11/20/24 - Form 4
- 11/19/24 - Form 4
- CAVA's page on the SEC website