Cava

A banner for the Mediterranean restaurant chain Cava is displayed outside of the New York Stock Exchange (NYSE) as the company goes public on June 15, 2023 in New York City.Spencer Platt | Getty ImagesCava's stock rose 7% Tuesday morning after the Mediterranean restaurant chain released its earnings report a day early.Investors were expecting Cava to report its earnings after the bell on Tuesday afternoon, but the company issued its press release Monday evening instead after early versions of the results appeared in news…

A person departs a Cava restaurant chain location in Pasadena, California, Feb. 6, 2023.Mario Tama | Getty Images News | Getty ImagesAs Cava makes its public debut Thursday, other restaurant companies will be watching closely while they decide whether to follow in the Mediterranean restaurant chain's footsteps.The last 18 months have marked the slowest initial public offering market since the financial crisis. Few U.S. companies have pursued IPOs, wary of a volatile market rocked by the war in Ukraine, inflation, rising…

A banner for the Mediterranean restaurant chain Cava is displayed outside of the New York Stock Exchange (NYSE) as the company goes public on June 15, 2023 in New York City.Spencer Platt | Getty ImagesShares of Mediterranean restaurant chain Cava soared as much as 107% in its market debut Thursday morning before giving up some of those gains.The stock opened at $42 per share, giving the company a market value of $4.68 billion. After spiking even higher, shares are trading around $41, still more than 85% above its initial…

The Cava logo is displayed at a Cava location in Pasadena, California, Feb. 6, 2023.Mario Tama | Getty Images News | Getty ImagesMediterranean fast-casual restaurant chain Cava priced its initial public offering at $22 per share, above a previously stated range, the company said Wednesday.Cava said it sold 14.4 million shares, which at a price of $22 per share, raises nearly $318 million. The company on Monday raised its pricing expectations to a range of $19 to $20 per share.related investing newsAt $22 per share, the…

A person walks past a Cava restaurant chain location on February 6, 2023 in Pasadena, California.Mario Tama | Getty ImagesMediterranean restaurant chain Cava saw its revenue rise 12.8% in 2022, according to regulatory filings released Friday as it filed it go public through an initial public offering.It plans to trade on the New York Stock Exchange using the ticker "CAVA."related investing newsCava Group was founded in 2006 and opened its first fast-casual location in 2011, modeling its build-your-own Mediterranean meals…