Love Chipotle Mexican Grill and Cava? This Small Restaurant Stock Might Have Higher Long-Term Upside [Yahoo! Finance]
CAVA Group, Inc. (CAVA)
Company Research
Source: Yahoo! Finance
For its part, Mediterranean chain Cava Group (NYSE: CAVA) is much smaller, with only a little more than 300 locations. These two chains differ greatly in size and cuisine. But for investors, they have important similarities. First, the management teams of both believe they have plenty of room for expansion. Despite its spectacular growth over the last decade, Chipotle CEO Brian Niccol hopes to more than double its number of locations. Cava's management hopes to more than triple its footprint. Those are big growth targets for investors to salivate over. Second, Chipotle and Cava are unusually popular with diners. To illustrate, Cava restaurants average $2.6 million in annual sales volume and Chipotle restaurants average $3 million. These are industry-leading numbers already and they're still going up. Both enjoyed same-restaurant-sales growth in 2023. Third, Chipotle and Cava enjoy great profit margins because sales per location are so high. Restaurant-level profit margins just c
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CAVA
News
- 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
- Where Will Cava Stock Be in 3 Years? [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