CAVA Group (NYSE:CAVA) Stock Gets Price Target Trim from TD Cowen

Key Points

• TD Cowen lowered its CAVA price target from $78 to $76 but maintained a Buy rating, implying about 23% upside from the stock’s current price. Analysts overall have a Moderate Buy consensus and an average target of $86.
• CAVA’s latest quarter missed estimates for both earnings and revenue: adjusted EPS was $0.11 versus $0.12 expected, while revenue of $356.44 million fell short of $358.40 million despite rising 21% year over year.
• The company raised its full-year same-restaurant sales outlook and projected 76–78 net new restaurant openings in 2026. Its board also authorized a $100 million share repurchase program.

CAVA Group (NYSE:CAVA - Get Free Report) had its price objective lowered by investment analysts at TD Cowen from $78.00 to $76.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a "buy" rating on the stock. TD Cowen's target price indicates a potential upside of 23.04% from the stock's current price.

A number of other research analysts have also weighed in on the stock. Roth Capital reissued a "buy" rating and issued a $95.00 target price (down from $106.00) on shares of CAVA Group in a research note on Wednesday, August 12th. UBS Group reduced their price objective on CAVA Group from $90.00 to $85.00 and set a "buy" rating on the stock in a research report on Thursday, October 22nd. Wolfe Research boosted their price target on shares of CAVA Group from $79.00 to $82.00 and gave the company an "outperform" rating in a research report on Wednesday, August 12th. Melius Research upgraded shares of CAVA Group from a "hold" rating to a "buy" rating and set a $95.00 price target for the company in a report on Thursday, October 8th. Finally, Mizuho lowered their price objective on CAVA Group from $70.00 to $56.00 and set a "neutral" rating for the company in a research report on Friday, October 30th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $86.00.

CAVA Group Price Performance

Shares of CAVA Group stock opened at $61.77 on Thursday. The stock has a market capitalization of $7.22 billion, a P/E ratio of 112.31, a PEG ratio of 4.81 and a beta of 1.75. The business has a 50 day simple moving average of $56.05 and a two-hundred day simple moving average of $71.20. CAVA Group has a 12 month low of $43.41 and a 12 month high of $98.79.

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

CAVA Group announced that its Board of Directors has authorized a stock repurchase program on Friday, September 18th that allows the company to buy back $100 million in shares. This buyback authorization allows the company to reacquire up to 1.7% of its stock through open market purchases. Share buyback programs are typically a sign that the company's leadership believes its stock is undervalued.

Insider Activity at CAVA Group

In related news, insider Douglas Thompson acquired 6,500 shares of the business's stock in a transaction dated Monday, August 31st. The shares were acquired at an average price of $66.52 per share, with a total value of $432,380.00. Following the completion of the transaction, the insider owned 19,371 shares of the company's stock, valued at $1,288,558.92. The trade was a 50.50% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 6.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Keybank National Association OH increased its stake in CAVA Group by 34.7% during the third quarter. Keybank National Association OH now owns 10,046 shares of the company's stock worth $543,000 after acquiring an additional 2,587 shares during the last quarter. D.B. Root & Company LLC lifted its holdings in shares of CAVA Group by 17.3% during the 3rd quarter. D.B. Root & Company LLC now owns 9,727 shares of the company's stock valued at $526,000 after acquiring an additional 1,436 shares in the last quarter. New York Life Investment Management LLC acquired a new position in shares of CAVA Group during the 3rd quarter valued at $797,000. AlphaCore Capital LLC boosted its position in CAVA Group by 69.6% during the 3rd quarter. AlphaCore Capital LLC now owns 9,323 shares of the company's stock worth $504,000 after purchasing an additional 3,826 shares during the period. Finally, Retirement Systems of Alabama boosted its position in CAVA Group by 1.6% during the 3rd quarter. Retirement Systems of Alabama now owns 238,874 shares of the company's stock worth $12,923,000 after purchasing an additional 3,681 shares during the period. 73.15% of the stock is owned by hedge funds and other institutional investors.

More 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 same-store sales grew 3.1%, citing improved performance as the impact of the cyclospora-related headwind receded. Wall Street Journal article Seeking Alpha article
• Positive Sentiment: The company’s 2026 outlook calls for 76–78 net new restaurant openings and $184 million–$189 million in adjusted EBITDA, signaling continued expansion. Seeking Alpha article
• Negative Sentiment: Q3 adjusted earnings were $0.11 per share, below the $0.12 consensus and the $0.12 earned a year earlier. Revenue rose 21% year over year to $356.44 million, but also missed estimates of about $358.4 million. The double miss and management’s reference to broader industry pressures contributed to a negative market reaction. Zacks article Benzinga article

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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