U.S. Restaurant Stock Surges Nearly 1 Trillion Won in One Day

Shares of Mediterranean-inspired fast-casual chain CAVA Group Inc. (NYSE: CAVA) surged 6.8% on the 13th (local time), closing at $77.22. The rally lifted its market capitalization to about $8.99 billion (approximately ₩12 trillion), adding roughly $656 million (around ₩900 billion) in a single day.

CAVA Group is set to release its fiscal 2026 first-quarter results on May 19. Since its fourth-quarter earnings report, Wall Street firms—including Truist—have raised their price targets to $85, reflecting heightened growth expectations. (stockanalysis.com)

Founded in Washington, D.C., CAVA Group has expanded its Mediterranean-inspired fast-casual restaurant chain to over 400 locations across the United States since its 2023 IPO. In 2018, the company strengthened its scale by acquiring Zoe’s Kitchen for about $300 million (roughly ₩400 billion). (nasdaq.com)