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17 stories mentioning CAVA

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Sector Update: Consumer Stocks Mixed Late Afternoon

Consumer stocks were mixed late Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 1.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) falling 2%.In corporate news, Cracker Barrel Old Country Store (CBRL) shares surged 25%. The company reported fiscal Q3 adjusted earnings late Tuesday of $0.29 per diluted share, down from $0.58 a year earlier. Analysts polled by FactSet expected a per-share loss of $0.48. Wells Fargo upgraded the company to overweight from equalweight, and lifted its price target to $50 from $35.Chewy (CHWY) lowered its full-year sales outlook on Wednesday even though the online pet store company's fiscal Q1 revenue topped market estimates. Its shares fell 2.3%.Casey's General Stores (CASY) shares jumped past 18% after the convenience store operator recorded better-than-expected fiscal Q4 results.Cava (CAVA) is well-positioned for continued same-store sales growth in the long term amid multiple drivers despite a challenging macroeconomic environment, UBS Securities said. UBS upgraded its rating on the company's stock to buy from neutral and raised its price target to $90 from $85. Cava shares climbed 5.4%.

$CASY$CAVA$CBRL$CHWY

CAVA Shares Rise After UBS Upgrade

CAVA (CAVA) shares were up almost 6% in Wednesday trading after UBS upgraded the stock to buy from neutral and boosted its price target to $90 per share from $85.Trading volume stood at more than 2.6 million shares, compared with a daily average of nearly 3 million.Price: $80.71, Change: $+4.43, Percent Change: +5.80%

Cava Has Multiple Catalysts to Sustain Sales Growth Momentum, UBS Says in Upgrade

US Markets5d ago

Cava Has Multiple Catalysts to Sustain Sales Growth Momentum, UBS Says in Upgrade

Cava Group (CAVA) is well-positioned for continued same-store sales growth in the long term amid multiple drivers despite a challenging macroeconomic environment, UBS Securities said Wednesday.Last month, the fast-casual restaurant chain's fiscal first-quarter revenue and same-restaurant sales growth topped Wall Street's views. The company raised the full-year growth forecast for same-restaurant sales to between 4.5% and 6.5% from its previous guidance range of 3% to 5%.Cava's same-store sales growth could exceed its new guidance amid a "solid traffic-driven sales momentum" so far this year and resilient demand despite the tough macro backdrop, UBS analyst Dennis Geiger said in a note to clients Wednesday."Cava remains a compelling growth story, which is increasingly scarce in the sector in the current environment, (with) differentiated menu offerings, multiple sales catalysts, ongoing investments to support sustainability, and healthy new unit returns," Geiger wrote. "In addition to earnings upside potential, we believe sustained outsized growth, without the overhang concerns of select growth peers, should support shares re-rating higher."UBS upgraded its rating on the company's stock to buy from neutral and raised its price target to $90 from $85.Cava shares were up 6.7% in Wednesday afternoon trade, bringing its year-to-date gains to nearly 39%.The company should be able to "comfortably" meet its long-term same-store sales growth target of low- to mid-single-digit percentage over the next few years, and could exceed its 1,000 unit growth target by 2032, according to UBS."We remain encouraged by Cava's solid development track record and strong new store performance in recent years," Geiger said. "We expect the brand should maintain a compelling growth trajectory over the coming years."Price: $82.08, Change: $+5.80, Percent Change: +7.60%

Cava's Sales Momentum, Store Expansion Support Growth Outlook, UBS Securities Says

Cava Group (CAVA) has room for further upside as stronger same-store sales, faster store growth, digital gains, and healthy new restaurant returns support its long-term growth outlook, UBS Securities said in a note Wednesday.The investment firm said Cava is still outperforming peers on same-store sales despite a difficult consumer backdrop and could beat its 2026 same-store sales guidance of 4.5% to 6.5%, while future sales could be supported by menu updates, limited-time offers, marketing, loyalty programs, digital sales and improvements to restaurant operations.Cava could grow faster than its target of 1,000 restaurants by 2032, helped by strong store returns, solid performance in new markets and wider room for expansion, according to the note.Labor investments should also help the company build enough restaurant leaders to support new store openings, the firm said.UBS Securities upgraded Cava to buy from neutral and raised its price target to $90 from $85.Shares of the company were up about 7.9% in Wednesday trading.Price: $82.27, Change: $+5.99, Percent Change: +7.85%

UBS Upgrades CAVA Group to Buy From Neutral, Raises Price Target to $90 From $85

CAVA Group (CAVA) has an average rating of overweight and mean price target of $93.17, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

Insider Trading17d ago

Cava Group Insider Bought Shares Worth $317,800, According to a Recent SEC Filing

Douglas W. Thompson, Chief Operations Officer, on May 26, 2026, executed a purchase for 4,000 shares in Cava Group (CAVA) for $317,800. Following the Form 4 filing with the SEC, Thompson has control over a total of 10,371 common shares of the company, with 10,371 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1639438/000162828026038785/xslF345X05/wk-form4_1779998544.xml

Insider Trading23d ago

Cava Group Insider Sold Shares Worth $799,499, According to a Recent SEC Filing

Kelly Costanza, Chief People Officer, on May 21, 2026, sold 10,010 shares in Cava Group (CAVA) for $799,499. Following the Form 4 filing with the SEC, Costanza has control over a total of 113,850 common shares of the company, with 113,850 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1639438/000162828026037744/xslF345X05/wk-form4_1779481704.xml

Insider Trading23d ago

Cava Group Insider Sold Shares Worth $399,662, According to a Recent SEC Filing

Adam David Phillips, Chief Accounting Officer, on May 21, 2026, sold 5,181 shares in Cava Group (CAVA) for $399,662. Following the Form 4 filing with the SEC, Phillips has control over a total of 9,505 common shares of the company, with 9,505 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1639438/000162828026037745/xslF345X05/wk-form4_1779481710.xml

Cava Showing Resilient Demand Despite Macro Pressures, RBC Says

Cava's (CAVA) underlying demand is showing evidence of momentum and resilience despite incremental macro pressures in Q2 so far, RBC Capital Markets said in a Wednesday note.Analysts said that a key positive from the company's "impressive" first quarter was that the low-income cohort delivered the strongest performance in the period, bucking the K-shaped economy trend.RBC said the company's Q2 same-store sales growth so far is tracking in line with the first quarter's 9.7%, adding that there are no signs of any impact from the Iran conflict on traffic growth.The investment firm also pointed to elevated new-store productivity, growing digital engagement and operational improvements tied to assistant general manager deployments and digital kitchen investments.RBC retained an outperform rating on the stock and raised its price target to $105 from $100.Shares of Cava were up nearly 7% in Wednesday trading.Price: $83.37, Change: $+5.25, Percent Change: +6.72%

CAVA's 'Bullish' Narrative Remains After Strong Q1, Morgan Stanley Says

CAVA Group's (CAVA) "bullish" narrative remains intact after the company reported a strong Q1 performance, Morgan Stanley said in a report Wednesday."A strong 1Q we think a bit ahead of healthy expectations, which should support the stock, though probably doesn't change the bullish narrative much," the report said.The report said CAVA was, and remains, priced to beat guidance, pointing to Q1 beat and some early Q2 momentum."This remains conservative if the year continues to trend similarly," the note said, adding that the main reservation on the stock is valuation."But we skew positive on the unit rollout and brand potential, and data points continue to support an optimistic view there with strong new store performance," the report said.Morgan Stanley raised its price target to $86 from $85 while maintaining an equal weight rating.Price: $83.49, Change: $+5.37, Percent Change: +6.87%

Research26d ago

Research Alert: CFRA Maintains Hold Opinion On Shares Of Cava Group Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our 12-month target by $15 to $90, based on an equal-weighted blended valuation (50x 2027 EV/EBITDA; 6x EV/sales). We cut 2026 EPS to $0.66 from $0.80 and 2027's to $0.85 from $1.19, due to flat EBITDA margin assumptions versus prior expansion expectations. We maintain our Hold following Q1 results that included a beat-and-raise, highlighted by 9.7% comp growth (vs. 6.1% consensus). Our revised estimates embed comps near the top of CAVA's raised 4.5%-6.5% 2026 outlook. However, restaurant-level margin guidance was raised only 10 bps despite strong traffic, suggesting energy and food cost inflation are limiting profit flow-through. The company remains debt-free with strong cash generation, and 2025 openings are tracking above AUV targets, underscoring the long-term growth story. While our premium multiples reflect CAVA's superior unit economics and runway, current margin headwinds and elevated expectations limit near-term upside.

Research26d ago

Research Alert: Cava: Q1 Beats Estimates; Same-store Sales And Ebitda Guidance Raised

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:CAVA delivered a clean beat-and-raise quarter, with revenue growing 32.2% to $434M vs. $416M consensus and same-store sales (SSS) of 9.7% vs. 6.1% estimated, while Q1 EPS of $0.20 beat the $0.17 consensus. The company added 20 net new openings to 459 total restaurants (+20% Y/Y), with restaurant-level margins holding flat at 25.1% despite headwinds. Traffic growth of 6.8% drove the majority of SSS, with only 2.9% from price/mix, suggesting genuine demand strength, while new Midwest markets are exceeding performance expectations. Management lifted full-year SSS guidance to 4.5%-6.5% from 3.0%-5.0%, net openings to 75-77 from 74-76, and adjusted EBITDA to $181M-$191M from $176M-$184M. The guidance raise should support the premium multiple and drive modest estimate revisions higher. However, we believe the stock trades at a significant premium that assumes continued flawless execution on both unit growth and comparable sales, leaving limited room for error in our view.

US Markets44d ago

Cava Could Beat Quarterly Same-Store Sales Views, Lift 2026 Outlook Amid Continued Momentum, RBC Says

Cava Group's (CAVA) first-quarter same-store sales are expected to top Wall Street's estimates amid continued momentum, which could prompt the company to raise its full-year outlook, RBC Capital Markets said in a note e-mailed Friday.The brokerage projects the fast-casual restaurant chain's same-store sales for the quarter to rise 6%, while the Street is looking for 5.9% growth, according to the RBC note to clients. Cava is scheduled to report results May 19."Thus far this earnings season, restaurant winners (and) losers have largely been defined by sensitivity to (the Middle East) conflict-related macro headwinds," RBC analyst Logan Reich said. "For Cava, we don't think their traffic is materially impacted, where their relatively high-income consumer exposure should insulate them from higher gas prices."Energy prices have jumped as the US-Israel war with Iran has curtailed shipments through the crucial Strait of Hormuz. The war, which started at the end of February, paused following a recent ceasefire between Washington and Tehran, though a framework for a permanent truce is yet to be reached.US retail gasoline prices averaged $4.392 per gallon Friday, compared with $3.187 a year ago, according to data from AAA, a travel organization that tracks fuel prices in the country.Cava started the year with comparable sales momentum, which could continue through 2026 amid "menu innovation, digital improvements, and easing compares," Reich said. These factors could help drive upward revisions to the company's own full-year outlook for same-store sales to grow between 3% and 5%, which the brokerage said was "conservative."RBC raised its price target on Cava's stock to $100 from $90 with an outperform rating.The company's shares were down 2.5% in Friday late-afternoon trade. So far in 2026, the stock has surged 56%.Despite the shares' significant year-to-date outperformance, RBC said it's leaning "constructive" into Cava's upcoming results."We theorize there's potential consumer reversion towards the fast-casual category this year, as consumers could increasingly prioritize healthier (and) wellness, which Cava should benefit from, following a material slowdown across the category in (2025) as quick-service chains took share driven by incremental value offerings," Reich said.Price: $91.09, Change: $-2.33, Percent Change: -2.49%

BofA Adjusts Price Target on CAVA Group to $108 From $95

CAVA Group (CAVA) has an average rating of overweight and mean price target of $88.22, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $94.56, Change: $+1.45, Percent Change: +1.56%

Research53d ago

Research Alert: CFRA Maintains Hold Opinion On Shares Of Cava Group Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target by $14 to $105, based on an equal-weighted blended valuation (55x 2027 EV/EBITDA; 6x 2027 EV/sales). We raise our 2026 EPS estimate to $0.80 from $0.79 and lower 2027's to $1.19 from $1.27, reflecting more limited EBITDA margin expansion despite ongoing comparable sales momentum. We maintain our Hold opinion as shares already reflect CAVA's substantial growth opportunity. The company's leadership in Mediterranean cuisine and significant U.S. whitespace support high revenue growth expectations, which we view as warranted given strong unit economics. However, consensus margin expansion assumptions appear optimistic given persistent headwinds from tariffs and elevated food costs, particularly for olive oil and proteins. While CAVA has demonstrated pricing power, we expect restaurant-level margin improvement will be more gradual than anticipated. We believe shares price in flawless execution on both unit growth and margin expansion, leaving limited room for error.

Research54d ago

Roth Capital Partners Initiates CAVA at Buy With $106 Price Target

CAVA (CAVA) has an average rating of overweight and mean price target of $87.34, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

Research55d ago

NorthCoast Initiates CAVA Group at Sell With $63 Price Target

CAVA Group (CAVA) has an average rating of overweight and mean price target of $86.59, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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