Diamonds and Dogs

11/13/24

Cava Group (CAVA) jumps 2% as the company continues to expand nationwide. The Mediterranean casual fast food company continues to generate strong growth and expansion plans. Sales rose 38% to $243 million. Cava's same-store sales rose by 18% year-over-year, consisting of a 13% rise in traffic and 5% increase from menu prices and product mix. At least six brokerages raised their price targets with Stifel increasing it the most, to $175 from $118.

A tough week for Spirit Airlines (SAVE). The regional airliner is down over 50% on concerns the company is preparing for bankruptcy filing due to looming debt. Earlier in the week, a Spirit plane was hit by gunfire, injuring one flight attendant.

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