Cava Stock Up 132% Since IPO — Why Shares Could Keep Rising
CAVA (CAVA) Forbes·2024-08-23 21:46
NEW YORK, NEW YORK - JUNE 15: A banner for the Mediterranean restaurant chain Cava is displayed ... [+] outside of the New York Stock Exchange (NYSE) as the company goes public on June 15, 2023 in New York City. Cava priced its IPO at $22 per share, valuing the company at $2.5 billion. (Photo by Spencer Platt/Getty Images) Getty Images Here are two rules of business: When a company exceeds quarterly growth targets and raises guidance, its stock price usually goes up. To achieve such growth, companies must i ...