WEBVTT - Cava Gains, Parabilis Medicines Soars, Cracker Barrel Jumps

0:00:02.520 --> 0:00:07.000
<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News.

0:00:08.560 --> 0:00:12.440
<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

0:00:12.480 --> 0:00:15.880
<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

0:00:16.680 --> 0:00:19.079
<v Speaker 1>I'm Tim Stenebeck along with Carol Master. Let's take a

0:00:19.079 --> 0:00:21.120
<v Speaker 1>look at some stocks on the move today. We're joined

0:00:21.160 --> 0:00:24.479
<v Speaker 1>by Isabel Lee. She's Bloomberg News cross asset reporter. You

0:00:24.600 --> 0:00:26.200
<v Speaker 1>had plenty to choose from.

0:00:25.960 --> 0:00:28.840
<v Speaker 3>Today, plenty, and I made sure to bring the fun one,

0:00:28.920 --> 0:00:31.920
<v Speaker 3>so we can start with kVA ticker. Cava stock is

0:00:32.000 --> 0:00:34.960
<v Speaker 3>up around six percent. That's after Ubis raised the recommendation

0:00:35.560 --> 0:00:38.440
<v Speaker 3>on the fast casual chain to buy from Neutral. The

0:00:38.479 --> 0:00:41.560
<v Speaker 3>analysts there said that they see solid same story sales

0:00:41.600 --> 0:00:46.120
<v Speaker 3>outperformance versus Pierce even amid this tough macro backdrop, and

0:00:46.159 --> 0:00:48.960
<v Speaker 3>they also said that the catalyst is to sustain that

0:00:48.960 --> 0:00:51.320
<v Speaker 3>momentum over the longer term. I feel like Cave is

0:00:51.320 --> 0:00:53.599
<v Speaker 3>one of those people love to go to over lunch.

0:00:53.640 --> 0:00:57.000
<v Speaker 3>I've only Roberts from there once. Exactly, I don't I've

0:00:57.000 --> 0:00:57.560
<v Speaker 3>been traveling.

0:00:57.680 --> 0:00:59.080
<v Speaker 1>That's the only time we can go is at the

0:00:59.160 --> 0:01:02.120
<v Speaker 1>train station in Watch in DCIX because now that's the

0:01:02.120 --> 0:01:04.680
<v Speaker 1>most convenient one to go to office.

0:01:04.880 --> 0:01:07.399
<v Speaker 3>I've tried to once near my home. Yes, it's not

0:01:07.520 --> 0:01:09.560
<v Speaker 3>far from it's far from here. That's why I don't

0:01:09.560 --> 0:01:11.920
<v Speaker 3>think a lot of boombergty s percent you're to date

0:01:12.520 --> 0:01:15.039
<v Speaker 3>and the price target they raised to ninety from eighty five.

0:01:15.080 --> 0:01:18.480
<v Speaker 3>That's around an eighteen percent increase. And it has eighteen buys,

0:01:18.480 --> 0:01:21.560
<v Speaker 3>eleven holds and just one sell So looking good for

0:01:21.560 --> 0:01:22.040
<v Speaker 3>a kava.

0:01:22.240 --> 0:01:25.440
<v Speaker 1>Yeah. This is a company that has been all over

0:01:25.480 --> 0:01:26.600
<v Speaker 1>the place though, Like.

0:01:26.600 --> 0:01:29.120
<v Speaker 3>If you go back yeah, which exactly, Yeah.

0:01:29.000 --> 0:01:31.200
<v Speaker 1>Yeah, if you go back to like when this when

0:01:31.200 --> 0:01:35.000
<v Speaker 1>this company iPod This was a stock that in twenty

0:01:35.040 --> 0:01:37.759
<v Speaker 1>twenty four was over one hundred and fifty dollars a share.

0:01:38.040 --> 0:01:41.959
<v Speaker 3>Oh wow, yeah and almost almost have right, yeah, all right,

0:01:42.680 --> 0:01:44.200
<v Speaker 3>I don't know. We keep doing companies.

0:01:44.200 --> 0:01:46.600
<v Speaker 2>I feel like over the last week food related because

0:01:46.600 --> 0:01:48.080
<v Speaker 2>it always makes me hungry.

0:01:48.440 --> 0:01:53.280
<v Speaker 3>Let's go to Cracker Virel ticker CBRILA. They're having a

0:01:53.440 --> 0:01:56.360
<v Speaker 3>great day. Stock is up almost twenty seven percent. They

0:01:56.400 --> 0:01:58.800
<v Speaker 3>boosted a revenue guidance for a full year. It also

0:01:58.840 --> 0:02:01.720
<v Speaker 3>be an average estimate, and this prompted Wells Fargo to

0:02:01.800 --> 0:02:05.559
<v Speaker 3>raise recommendation to the stock to overweight and guess what's

0:02:05.560 --> 0:02:10.640
<v Speaker 3>helping whimsical salt and pepper shakers and just Americana merchandise

0:02:10.680 --> 0:02:16.120
<v Speaker 3>as yes, exactly. So they have a line American heritage.

0:02:16.160 --> 0:02:18.920
<v Speaker 3>It includes shirt decked out and eagles and fireworks and

0:02:19.000 --> 0:02:22.960
<v Speaker 3>salt and pepper shakers like mini drills, baseball hats, and

0:02:23.040 --> 0:02:25.799
<v Speaker 3>a former US president. So that's really helping that. I

0:02:25.800 --> 0:02:28.399
<v Speaker 3>remember they received a lot of backlash last year after

0:02:28.440 --> 0:02:32.680
<v Speaker 3>they tried to make their logo more modern. I thought

0:02:32.840 --> 0:02:34.639
<v Speaker 3>that people don't like mod.

0:02:34.520 --> 0:02:36.600
<v Speaker 1>Don't forget about the old timer. That's what we learned.

0:02:36.639 --> 0:02:37.840
<v Speaker 3>Yeah, don't forget the old.

0:02:37.840 --> 0:02:39.840
<v Speaker 1>Crapper barrel debacle of play around.

0:02:39.560 --> 0:02:42.080
<v Speaker 3>With logos and stuff. People get lot. Yes, some people

0:02:42.160 --> 0:02:44.440
<v Speaker 3>get really attached. You just don't It could work, but

0:02:44.520 --> 0:02:46.760
<v Speaker 3>it could also backfire and you really just will never

0:02:46.840 --> 0:02:49.400
<v Speaker 3>know and unless you try. I guess with adequate market research,

0:02:49.639 --> 0:02:52.680
<v Speaker 3>not implying they didn't not do market research. But so

0:02:52.720 --> 0:02:55.800
<v Speaker 3>the company has been focused on doing improving its service

0:02:55.919 --> 0:02:59.040
<v Speaker 3>and food by bringing back classics like country ham. Do

0:02:59.160 --> 0:03:00.400
<v Speaker 3>you eat country.

0:03:00.680 --> 0:03:03.000
<v Speaker 1>I don't take off hot country ham? What is country

0:03:03.000 --> 0:03:04.320
<v Speaker 1>ham ham?

0:03:04.360 --> 0:03:06.720
<v Speaker 3>That's from the country. Maybe I don't know, I don't

0:03:06.760 --> 0:03:09.720
<v Speaker 3>think contry, I don't know, don't I don't care what

0:03:09.880 --> 0:03:11.160
<v Speaker 3>country I'm not quite sure.

0:03:11.400 --> 0:03:14.560
<v Speaker 1>Sweeny and he was talking about the country ham he had. Yeah,

0:03:14.560 --> 0:03:16.160
<v Speaker 1>he has eggs benedict.

0:03:16.160 --> 0:03:18.200
<v Speaker 3>You get a nice little piece of ham on.

0:03:18.400 --> 0:03:19.799
<v Speaker 1>Yeah, I'm not creature.

0:03:19.840 --> 0:03:22.040
<v Speaker 3>That's country ham. There's like different types of ham.

0:03:22.120 --> 0:03:24.840
<v Speaker 1>I thought that was Canadian bacon. Is it?

0:03:25.240 --> 0:03:25.680
<v Speaker 3>Oh?

0:03:25.880 --> 0:03:27.680
<v Speaker 1>I don't know. All right, we're moving on. I'm not

0:03:27.680 --> 0:03:30.920
<v Speaker 1>going to say the next uh. Country ham christ is

0:03:30.960 --> 0:03:34.080
<v Speaker 1>dry cured smoked port Oh, thank you, traditional to the

0:03:34.080 --> 0:03:36.200
<v Speaker 1>southern United States. Thank you, Talia. Does it go in

0:03:36.240 --> 0:03:37.040
<v Speaker 1>eggs benedict?

0:03:37.840 --> 0:03:43.160
<v Speaker 3>Probably anything, miss uses and let us know, I don't

0:03:43.160 --> 0:03:44.320
<v Speaker 3>know how to say this name, so I'm not going

0:03:44.400 --> 0:03:46.120
<v Speaker 3>to say it. Please. I was hoping you would say

0:03:46.120 --> 0:03:50.320
<v Speaker 3>a paramilus. Okay, I think medicine the tickers p b LS.

0:03:50.360 --> 0:03:52.920
<v Speaker 3>All that matters is it's it's trading debut and at

0:03:52.920 --> 0:03:55.920
<v Speaker 3>pop sixty percent. That's after the company raised seven hundred

0:03:55.920 --> 0:03:58.160
<v Speaker 3>and forty five million dollars in an upsize I p

0:03:58.320 --> 0:04:02.320
<v Speaker 3>O price above. It's a mark range and a private placement.

0:04:02.360 --> 0:04:04.920
<v Speaker 3>So this is a clinical stage cancer drug developer. They

0:04:04.960 --> 0:04:07.160
<v Speaker 3>open their shares that are on thirty three point thirty

0:04:07.160 --> 0:04:10.760
<v Speaker 3>five dollars each, which is again above the IPO price,

0:04:10.880 --> 0:04:13.680
<v Speaker 3>so it's looking like really a great day for them.

0:04:13.680 --> 0:04:16.560
<v Speaker 3>The ip attracted demand for about ten times available shares

0:04:16.839 --> 0:04:18.360
<v Speaker 3>prior to Tuesday's upsides.

0:04:19.600 --> 0:04:23.640
<v Speaker 2>The Stock Movers Report from Bloomberg Radio. Check back with

0:04:23.720 --> 0:04:26.280
<v Speaker 2>us throughout the day for the latest roundup of companies

0:04:26.360 --> 0:04:29.440
<v Speaker 2>making news on Wall Street and for the latest market

0:04:29.480 --> 0:04:33.919
<v Speaker 2>moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

0:04:34.040 --> 0:04:37.560
<v Speaker 2>Bloomberg dot com, and on Applecarplay and Android Auto with

0:04:37.600 --> 0:04:39.080
<v Speaker 2>the Bloomberg Business app.