Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: I'm Tim Stenebeck along with Carol Master. Let's take a
Speaker 1: look at some stocks on the move today. We're joined
Speaker 1: by Isabel Lee. She's Bloomberg News cross asset reporter. You
Speaker 1: had plenty to choose from.
Speaker 3: Today, plenty, and I made sure to bring the fun one,
Speaker 3: so we can start with kVA ticker. Cava stock is
Speaker 3: up around six percent. That's after Ubis raised the recommendation
Speaker 3: on the fast casual chain to buy from Neutral. The
Speaker 3: analysts there said that they see solid same story sales
Speaker 3: outperformance versus Pierce even amid this tough macro backdrop, and
Speaker 3: they also said that the catalyst is to sustain that
Speaker 3: momentum over the longer term. I feel like Cave is
Speaker 3: one of those people love to go to over lunch.
Speaker 3: I've only Roberts from there once. Exactly, I don't I've
Speaker 3: been traveling.
Speaker 1: That's the only time we can go is at the
Speaker 1: train station in Watch in DCIX because now that's the
Speaker 1: most convenient one to go to office.
Speaker 3: I've tried to once near my home. Yes, it's not
Speaker 3: far from it's far from here. That's why I don't
Speaker 3: think a lot of boombergty s percent you're to date
Speaker 3: and the price target they raised to ninety from eighty five.
Speaker 3: That's around an eighteen percent increase. And it has eighteen buys,
Speaker 3: eleven holds and just one sell So looking good for
Speaker 3: a kava.
Speaker 1: Yeah. This is a company that has been all over
Speaker 1: the place though, Like.
Speaker 3: If you go back yeah, which exactly, Yeah.
Speaker 1: Yeah, if you go back to like when this when
Speaker 1: this company iPod This was a stock that in twenty
Speaker 1: twenty four was over one hundred and fifty dollars a share.
Speaker 3: Oh wow, yeah and almost almost have right, yeah, all right,
Speaker 3: I don't know. We keep doing companies.
Speaker 2: I feel like over the last week food related because
Speaker 2: it always makes me hungry.
Speaker 3: Let's go to Cracker Virel ticker CBRILA. They're having a
Speaker 3: great day. Stock is up almost twenty seven percent. They
Speaker 3: boosted a revenue guidance for a full year. It also
Speaker 3: be an average estimate, and this prompted Wells Fargo to
Speaker 3: raise recommendation to the stock to overweight and guess what's
Speaker 3: helping whimsical salt and pepper shakers and just Americana merchandise
Speaker 3: as yes, exactly. So they have a line American heritage.
Speaker 3: It includes shirt decked out and eagles and fireworks and
Speaker 3: salt and pepper shakers like mini drills, baseball hats, and
Speaker 3: a former US president. So that's really helping that. I
Speaker 3: remember they received a lot of backlash last year after
Speaker 3: they tried to make their logo more modern. I thought
Speaker 3: that people don't like mod.
Speaker 1: Don't forget about the old timer. That's what we learned.
Speaker 3: Yeah, don't forget the old.
Speaker 1: Crapper barrel debacle of play around.
Speaker 3: With logos and stuff. People get lot. Yes, some people
Speaker 3: get really attached. You just don't It could work, but
Speaker 3: it could also backfire and you really just will never
Speaker 3: know and unless you try. I guess with adequate market research,
Speaker 3: not implying they didn't not do market research. But so
Speaker 3: the company has been focused on doing improving its service
Speaker 3: and food by bringing back classics like country ham. Do
Speaker 3: you eat country.
Speaker 1: I don't take off hot country ham? What is country
Speaker 1: ham ham?
Speaker 3: That's from the country. Maybe I don't know, I don't
Speaker 3: think contry, I don't know, don't I don't care what
Speaker 3: country I'm not quite sure.
Speaker 1: Sweeny and he was talking about the country ham he had. Yeah,
Speaker 1: he has eggs benedict.
Speaker 3: You get a nice little piece of ham on.
Speaker 1: Yeah, I'm not creature.
Speaker 3: That's country ham. There's like different types of ham.
Speaker 1: I thought that was Canadian bacon. Is it?
Speaker 3: Oh?
Speaker 1: I don't know. All right, we're moving on. I'm not
Speaker 1: going to say the next uh. Country ham christ is
Speaker 1: dry cured smoked port Oh, thank you, traditional to the
Speaker 1: southern United States. Thank you, Talia. Does it go in
Speaker 1: eggs benedict?
Speaker 3: Probably anything, miss uses and let us know, I don't
Speaker 3: know how to say this name, so I'm not going
Speaker 3: to say it. Please. I was hoping you would say
Speaker 3: a paramilus. Okay, I think medicine the tickers p b LS.
Speaker 3: All that matters is it's it's trading debut and at
Speaker 3: pop sixty percent. That's after the company raised seven hundred
Speaker 3: and forty five million dollars in an upsize I p
Speaker 3: O price above. It's a mark range and a private placement.
Speaker 3: So this is a clinical stage cancer drug developer. They
Speaker 3: open their shares that are on thirty three point thirty
Speaker 3: five dollars each, which is again above the IPO price,
Speaker 3: so it's looking like really a great day for them.
Speaker 3: The ip attracted demand for about ten times available shares
Speaker 3: prior to Tuesday's upsides.
Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
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