Cava Group stock flies to another record high, defying a challenging year for restaurant chains

The fast-casual restaurant chain has edged out well-performing competitors like Sweetgreen, Chipotle, and Shake Shack in terms of stock growth in 2024.

Cava Group, Inc. (NYSE: CAVA) appears poised to lead the fast-casual restaurant sector in 2024, with its stock up an impressive 255% year to date. Following a robust third-quarter earnings report and a premarket surge of 17%, Cava’s stock is on track to hit an all-time high as markets open today.