Jim Cramer - Mad Money CAVA Group CAVA-N BUY ON WEAKNESS Jul 22, 2024

 Cava reported a great quarter. Net sales at Cava jumped 35% and same-store sales were 14% vs. expected 7%.

A regional success story and great company, but it just hit its all-time high today. Wait. 58% this month is too toppy.

They have one the great, new concepts in this market.

Likes it, but shares are near highs, so wait for a 10% drop.

Is up 242% this year.  Same-store sales rose 18% vs. the expected 12%.

Nothing wrong with it, just profit taking now which is happening some high-flying stocks. The reason is insider selling, which makes him nervous though.

Is up 167% this year, though -15% the past month. Let it come in a little more--wait until January. Buy some, then let it come in further, then buy more. CAVA is very volatile.

He's long liked this. Rallied 7.4% today after recent profit-taking, but this was merely taking a breather after running too hot.

It reports Tuesday and he expects another strong quarter. However, Wall Street has turned against momentum stocks, so it won't matter how good business is.