CAVA Group (NYSE:CAVA) Given New $75.00 Price Target at KeyCorp

Key Points

• KeyCorp lowered its CAVA price target from $80 to $75 but maintained an Overweight rating; the new target implies 36.1% upside from the cited share price of $55.11.
• CAVA’s latest quarter missed estimates, with earnings of $0.11 per share versus $0.12 expected and revenue of $356.44 million versus $358.40 million expected. Revenue nevertheless grew 21% year over year.
• Analyst sentiment remains broadly positive: MarketBeat reported a “Moderate Buy” consensus and an average price target of $85.81, while CAVA also approved a $100 million share-repurchase plan.

CAVA Group (NYSE:CAVA - Get Free Report) had its target price lowered by equities research analysts at KeyCorp from $80.00 to $75.00 in a report issued on Thursday, Benzinga reports. The firm presently has an "overweight" rating on the stock. KeyCorp's target price indicates a potential upside of 36.09% from the stock's current price.

Several other equities analysts have also commented on CAVA. Citigroup dropped their target price on CAVA Group from $79.00 to $66.00 and set a "neutral" rating for the company in a research note on Thursday, October 22nd. Mizuho dropped their target price on shares of CAVA Group from $70.00 to $56.00 and set a "neutral" rating for the company in a research report on Friday, October 30th. Compass Point raised CAVA Group to a "neutral" rating in a report on Monday, September 14th. Melius Research upgraded shares of CAVA Group from a "hold" rating to a "buy" rating and set a $95.00 price target on the stock in a research note on Thursday, October 8th. Finally, Morgan Stanley upgraded CAVA Group from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $86.00 to $90.00 in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $85.81.

CAVA Group Stock Performance

CAVA Group stock traded down $6.87 during trading hours on Thursday, reaching $55.11. 1,959,448 shares of the stock were exchanged, compared to its average volume of 3,360,050. The stock has a market cap of $6.44 billion, a P/E ratio of 100.86, a P/E/G ratio of 4.81 and a beta of 1.75. CAVA Group has a 52-week low of $43.41 and a 52-week high of $98.79. The firm's 50 day moving average is $56.05 and its 200 day moving average is $71.20.

CAVA Group (NYSE:CAVA - Get Free Report) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). CAVA Group had a return on equity of 8.28% and a net margin of 4.82%. The company had revenue of $356.44 million for the quarter, compared to analyst estimates of $358.40 million. During the same period last year, the company earned $0.12 earnings per share. The business's revenue for the quarter was up 21.0% compared to the same quarter last year. Equities research analysts expect that CAVA Group will post 0.55 EPS for the current fiscal year.

CAVA Group announced that its board has approved a stock repurchase plan on Friday, September 18th that allows the company to repurchase $100 million in shares. This buyback authorization allows the company to buy up to 1.7% of its shares through open market purchases. Share buyback plans are usually a sign that the company's board believes its stock is undervalued.

Insider Activity

In related news, insider Douglas Thompson bought 6,500 shares of the business's stock in a transaction dated Monday, August 31st. The shares were bought at an average cost of $66.52 per share, with a total value of $432,380.00. Following the completion of the transaction, the insider directly owned 19,371 shares of the company's stock, valued at approximately $1,288,558.92. This trade represents a 50.50% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 6.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On CAVA Group

Large investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in CAVA Group in the 2nd quarter worth $757,013,000. Primecap Management Co. CA bought a new stake in shares of CAVA Group in the second quarter valued at about $92,956,000. William Blair Investment Management LLC bought a new stake in shares of CAVA Group in the second quarter valued at about $89,861,000. Prime Capital Management Co Ltd bought a new stake in shares of CAVA Group in the second quarter valued at about $80,962,000. Finally, Wellington Management Group LLP lifted its stake in shares of CAVA Group by 76.9% in the second quarter. Wellington Management Group LLP now owns 1,605,508 shares of the company's stock valued at $126,000,000 after buying an additional 697,699 shares during the period. Institutional investors and hedge funds own 73.15% of the company's stock.

Key CAVA Group News

Here are the key news stories impacting CAVA Group this week:

• Positive Sentiment: CAVA raised its full-year same-restaurant sales outlook after Q3 comparable sales grew 3.1%, citing progress past the cyclospora-related headwind and continued market-share gains. The improved forecast helped shares climb after the update. Cava Group Raises Same-Restaurant Sales View on Higher Revenue
• Positive Sentiment: The company’s 2026 outlook calls for 76–78 net new restaurant openings and adjusted EBITDA of $184 million–$189 million, signaling continued growth. CAVA outlines 2026 outlook
• Negative Sentiment: Q3 results fell short of estimates: earnings were $0.11 per share versus $0.12 expected, and revenue was $356.44 million versus roughly $358.4 million expected. Revenue still grew 21% year over year, but management also cited broader industry pressures. Cava Stock Tanks on Q3 Double-Miss
• Negative Sentiment: TD Cowen lowered its price target from $78 to $76, though it maintained a Buy rating and the new target still implies substantial upside from the cited share price. TD Cowen price target update

CAVA Group Company Profile

CAVA Group, Inc operates CAVA, a fast-casual restaurant brand serving Mediterranean-inspired food in the United States. Its menu includes customizable bowls and pitas, salads, dips, spreads, grilled proteins, and other Mediterranean dishes, with options designed to accommodate a range of dietary preferences.

The company's restaurants generally use an assembly-line format that allows customers to build meals from a selection of ingredients and sauces. CAVA also offers its branded dips, spreads, and other products through select grocery and retail channels, extending the brand beyond its restaurant locations.

CAVA was founded in 2010 by Dimitri Moshovitis, Ike Grigoropoulos, and Ted Xenohristos.

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