BUZZ — Cava rises after announcing $100 million share repurchase plan

* Shares of restaurant chain Cava Group up 2.6% at $52.55 premarket * Co announces share repurchase program authorization of up to $100 million of its outstanding shares of common stock * Repurchases under the program may be made in the open market, in privately negotiated transactions or by other means * The program will expire on September 17, 2027 * Co expects to fund repurchases with a combination of existing cash and cash equivalents and cash flows from operations * As of last close, CAVA stock down ~13% YTD (Reporting by Sanskriti Shekhar in Bengaluru) ((Sanskriti.Shekhar@thomsonreuters.com)