Cava Group (CAVA) is a fast-casual Mediterranean restaurant chain that went public in June 2023. Since its initial public offering (IPO) price of $22, CAVA stock has surged over 531%, valuing the company at a market cap of $15.8 billion.
Cava reported positive net income in its first quarterly report, and has beaten consensus earnings estimates in three of the last four quarters. Ahead of its upcoming earnings release, let’s see what analysts expect from Cava in Q3 of 2024, and if the growth stock is a good investment at the current valuation.
