Outperforming Cava Stock Nabs Post-Earnings Record
CAVA (CAVA) Schaeffers Investment Research·2024-11-13 23:37
Shares of CAVA Group Inc (NYSE:CAVA) are gapping to new highs today, after the fast-casual restaurant name posted better-than-expected third-quarter earnings and revenue and lifted its full-year sales forecast. At last glance, CAVA was up 13.4% at $164.46, and earlier traded as high as $172.20. Publicly traded since June 2023, CAVA has been notching record peak after record peak as it adds to its 282% year-to-date lead. On the charts, the stock's 40-day moving average helped capture a light pullback this mo ...