Could Cava Be the Next Chipotle? 3 Ways the Companies Are Similar. [Yahoo! Finance]
CAVA Group, Inc. (CAVA)
Company Research
Source: Yahoo! Finance
Not surprisingly, investors have long been hunting to find the next Chipotle. One of the newest contenders is Mediterranean fast-casual restaurant operator Cava Group (NYSE: CAVA) . How does the company stack up to Chipotle, and should investors consider buying the stock? Similar characteristics Chipotle has several characteristics that helped its stock climb to its current heights. One of the biggest drivers behind its stock has been its ability to expand and add more locations over the years. Expansion also represents a big opportunity for Cava. Cava ended 2023 with 309 locations in 24 states but has set its sights on having 1,000 sites by 2032. The company employs what it refers to as a "coastal smile" strategy, focusing its development on coastal states and the Sun Belt. However, it has started entering the Midwest and other areas, recently opening restaurants in Colorado, Oklahoma, and Missouri. With only 16 restaurants in California and 27 in the Northeast, the company
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CAVA
News
- CAVA Group (NYSE:CAVA): Investors' Appetite for the Salad Chain Is Growing [Yahoo! Finance]Yahoo! Finance
- Cava Group (CAVA) Stock Sinks As Market Gains: Here's Why [Yahoo! Finance]Yahoo! Finance
- CAVA to Announce First Quarter 2024 Financial Results on May 28, 2024Business Wire
- Reddit Earnings Forecast Spark Community Debate About Platform's Value [Yahoo! Finance]Yahoo! Finance
- Why the Market Dipped But Cava Group (CAVA) Gained Today [Yahoo! Finance]Yahoo! Finance
CAVA
Earnings
- 2/26/24 - Beat
CAVA
Sec Filings
- 4/29/24 - Form ARS
- 4/29/24 - Form DEFA14A
- 4/29/24 - Form DEF
- CAVA's page on the SEC website