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Started By
Message
Bought cava
Posted on 1/2/24 at 8:40 am
Posted on 1/2/24 at 8:40 am
Went to one of their locations and food was good. Didn’t realize it was a public company or that they’d bought Zoe.
Did some research and it looks to be a promising play. Lots of expansion possibilities especially out west where their menu should be well received.
Anyone got thoughts?
Did some research and it looks to be a promising play. Lots of expansion possibilities especially out west where their menu should be well received.
Anyone got thoughts?
5
Posted on 1/2/24 at 9:10 am to SlidellCajun
I live in a good area of Jax and there are some other nice areas around here as well and all of these areas are opening Cava restaurants. It is really growing out here. i have heard good things about it. So i own 10 shares at @39. Hoping to add if i see it really start moving.
Posted on 1/4/24 at 12:44 am to SlidellCajun
Same management team almost bankrupted Zoe’s….
I have concerns….
I have concerns….
Posted on 1/4/24 at 7:07 am to Klondikekajun
They were forced to IPO because they were burning so much cash.
It’s a solid brand and product but will likely get acquired when it’s devalued and the M&A/debt financing environment improves.
My guess is yum. They don’t have Greek or anything “health adjacent”.
It’s a solid brand and product but will likely get acquired when it’s devalued and the M&A/debt financing environment improves.
My guess is yum. They don’t have Greek or anything “health adjacent”.
This post was edited on 1/4/24 at 7:08 am
Posted on 1/4/24 at 8:35 am to SlidellCajun
Boston Market comes to mind.
Posted on 1/4/24 at 8:24 pm to SlidellCajun
The Cava here is constantly packed but I’ve read some analysis that was negative for the stock.
Posted on 1/4/24 at 8:39 pm to Drizzt
Great concept that could very well be the “next Chipotle” but need to figure out profitability.
Posted on 1/5/24 at 7:50 am to Klondikekajun
quote:
Same management team almost bankrupted
Not according to the report on CNBC. all new people. They shut down a lot of Zoe locations that were underperforming.
Opening @50 in 2024 which is significant.
This post was edited on 1/5/24 at 8:00 am
Posted on 1/5/24 at 8:01 am to STLhog
quote:
They were forced to IPO because they were burning so much cash.
Would love to know more about this.
The balance sheet /cash flow don’t show anything unusual.
Can you elaborate?
Posted on 1/5/24 at 9:07 am to SlidellCajun
I can’t speak on it but Cramer was saying that the NY area Cavas have mediocre ratings in sites like Google/Yelp. Probably a pretty easy thing to fact check and an easy thing to research for people interested.
Posted on 1/5/24 at 11:53 am to slackster
I bought CAVA. I frequent the location in Elmwood often. I think the food is good. The main problem with this location is the unfriendliness of the staff. Most of the negative Yelp reviews are for that reason, not the taste or quality of the food. I can't understand why CAVA can't find friendlier employees at that location. The employees at the Veterans Blvd location in Metairie seem to be friendlier.
I did my own market research at the Elmwood location one day. I arrived one weekday at 11:45, and stayed until 12:45. I counted 95 customers walking through the front door. I read somewhere Chipotle can do 110-120 customers per hour at peak lunch time, but I thought 95 was a solid number.
It takes a little longer to make it thru the line at CAVA compared to Chipotle, but CAVA has more menu choices. I also think the average ticket at CAVA is a little more than Chipotle. Definitely not saying it's going to reach Chipotle status, but I think the concept and food are good. Just need a better staff.
I did my own market research at the Elmwood location one day. I arrived one weekday at 11:45, and stayed until 12:45. I counted 95 customers walking through the front door. I read somewhere Chipotle can do 110-120 customers per hour at peak lunch time, but I thought 95 was a solid number.
It takes a little longer to make it thru the line at CAVA compared to Chipotle, but CAVA has more menu choices. I also think the average ticket at CAVA is a little more than Chipotle. Definitely not saying it's going to reach Chipotle status, but I think the concept and food are good. Just need a better staff.
Posted on 1/5/24 at 12:14 pm to slackster
quote:
I can’t speak on it but Cramer was saying that the NY area Cavas have mediocre ratings in sites like Google/Yelp. Probably a pretty easy thing to fact check and an easy thing to research for people interested.
Chick Fil A is the only concept that has cracked that code and its still hit or miss.
New York is also impossible to staff and real estate is absurd.
You're basically willing to eat your shorts there for brand recognition alone. Anything Manhattan at least.
Posted on 1/5/24 at 2:07 pm to mooch1984
quote:
I can't understand why CAVA can't find friendlier employees at that location. The employees at the Veterans Blvd location in Metairie seem to be friendlier.
It could be the pay. Maybe they’re at the low end of the fast food pay scale?
As for the food, I agree. It tastes very good.
Posted on 1/5/24 at 3:22 pm to mooch1984
quote:I've ordered online and picked up a couple of times this week. Here, they just have the bags in a pick-up location with your name on it. Pick it up and leave. They use the honor system which I found surprising.
It takes a little longer to make it thru the line
Posted on 2/1/24 at 11:38 am to slackster
Bump. Anyone get this around the 30 area? I'm in just under 40. Hoping 5 years from now this could be in the 100's.
Posted on 2/1/24 at 5:05 pm to FLObserver
I’m glad I bought as a trade. I wanted 25% on it.
Up over 15% in one month.
I still believe in it so holding for now.
Up over 15% in one month.
I still believe in it so holding for now.
Posted on 2/1/24 at 6:22 pm to SlidellCajun
quote:
I still believe in it so holding for now.
Same I'm holding as well. Shows earnings are not until April . I think we may be in the low 60's by then. Good luck!
Posted on 2/2/24 at 7:55 am to slackster
(no message)
This post was edited on 4/21/24 at 11:31 am
Posted on 2/7/24 at 1:06 pm to FLObserver
quote:
I think we may be in the low 60's by then.
Cava maybe in the 60's by end of month.
Posted on 2/7/24 at 1:30 pm to FLObserver
quote:
Cava maybe in the 60's by end of month.
This stock is going to crash and burn hard. It should be trading at around $25/share on the high end.
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