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Why Cava Group Stock Jumped 39% in July

TheMotleyFool

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Why Cava Group Stock Jumped 39% in July: https://g.foolcdn.com/editorial/images/743305/cava-group.jpg

Shares of Cava Group (NYSE: CAVA) were gaining in its first full month as a publicly traded company. A number of Wall Street analysts weighed in with positive ratings on the stock after the quiet period ended following its initial public offering (IPO) in July.

According to data from S&P Global Market Intelligence, the stock finished July up 39%. As the chart below shows, the gains in the stock came in two separate spurts.