Cava Stock Roars 20%—Mediterranean Lunch Chain Up Almost 500% Since 2023 IPO
CAVA (CAVA) Forbes·2024-08-24 02:43
Topline Shares of burgeoning restaurant chain Cava surged Friday to a fresh all-time high, as the Mediterranean fast casual food company extended its remarkable hot streak since its June 2023 initial public offering. A banner for the Mediterranean restaurant chain Cava is displayed outside of the New York Stock ... [+] Exchange on the day of its 2023 IPO. Getty Images Key Facts Cava stock rallied more than 20% by late afternoon, notching a new all-time high of $125.87 per share. The rise came after Cava rep ...