Stockchase Opinions

Josh Brown, CEO, Ritholtz Wealth Management CAVA Group CAVA-N BUY Aug 23, 2024

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

$122.000

Stock price when the opinion was issued

food services
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BUY ON WEAKNESS

It's had a big run, up 86% and is now on sale. It will have many years of goodness. Hold and buy on dips.

BUY ON WEAKNESS

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

BUY ON WEAKNESS

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

BUY ON WEAKNESS

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

RISKY

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

COMMENT

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.

RISKY

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.

BUY

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

COMMENT

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.