Cava

CAVA Group, a leading mediterrenian fast-casual restaurant chain saw its stock price increase by more than 15% this week following T. Rowe Price Investment Management, Inc. disclosure of a 11.1% stake in the company. Several analyst coverages and optimsitic ratings on CAVA's stock likely also helped pump the stock high up.

CAVA Group, the operators of the CAVA restaurant chain is set to confidentially file for their IPO. As of Q1 2023, there are 263 CAVA Restaurants with 2022 revenues of $564.1 million.