CAVA: FILTH FLIES, “C” SANITATION GRADES, FDA LISTERIA SWABS, SNEAKY SEED OIL, INSIDER SELLING, AND THE DIARRHETIC FALLOUT OF FAST GROWTH
Based on Hunterbrook Media’s reporting, Hunterbrook Capital is short Cava Group (NYSE: $CAVA) and long a basket of comparable securities including Sweetgreen (NYSE: $SG) and Shake Shack (NYSE: $SHAK) at the time of publication. Positions may change at any time. See full disclosures below.
The Cava (NYSE: $CAVA) on Wall Street, located minutes from the Charging Bull, received a “C” grade from the New York City Department of Health.
The range of potential pests that inspectors identified on the premises reads like something out of the Old Testament — filth flies, blow flies, flesh flies.
The health inspection report also identified improper food storage and protection protocols, inadequate temperature control for hot foods, unsanitary food contact surfaces, and issues with drainage and waste disposal.
The Wall Street location of the rapidly expanding Mediterranean fast-casual chain, whose menu emphasizes fresh, healthy ingredients, was also briefly shut down after failing to properly display its grade to the public — relatable content for any kid who has hidden a report card from their parents.
