Why Cava Group Stock Lost 22% in August
Shares of Cava Group (NYSE: CAVA) fell last month as a solid earnings report wasn't enough to overcome broader valuation concerns around the recent restaurant initial public offering (IPO).
As a result, the stock finished the month down 22% according to data from S&P Global Market Intelligence.
As you can see from the chart below, the stock slipped through the first half of the month on concerns about the economy and the reaction to its first earnings report.
Source Fool.com
