CAVA (CAVA) Stock

Cava Group's shares fell by 19.9% in December, as reported by S&P Global Market Intelligence. Interestingly, another popular restaurant stock, Sweetgreen, also experienced a similar decline around the same time, indicating that Cava's drop may not be solely due to its own performance.

We have just put together a list of the 12 Best Multibagger Stocks to Invest in at the moment. In this article, we will examine how CAVA Group, Inc. (NYSE:CAVA) compares to the other multibagger stocks. The US stock market has been rising in 2024, helping the S&P 500 reach new record levels.

This is a comparison of how Cava Group (CAVA) and Global-e Online Ltd. (GLBE) have done in relation to their industry this year.

At the end of the last trading day, Cava Group (CAVA) was priced at $112.80, which represents a 1.15% increase compared to the day before.

Cava Group (CAVA -1.82%) performed well in 2024. Despite a recent decline, the stock has increased by over 175% in the past year, as many view it as a new opportunity similar to Chipotle, aiming to provide quick and healthy Mediterranean meals to a wider audience.

Two of the most popular restaurant stocks have achieved their recent success in different ways.

The strong public equity market has helped investors this year. Still, some companies have significantly outperformed the overall market.

Since the rise of the internet and social media, keeping secrets has become difficult. There are many investing groups, and when news about a great stock spreads, investors can find out fast.

Cava Group (CAVA 1.71%) could be one of the most unexpected developments in the restaurant industry in many years.