CAVA Group (NYSE:CAVA) Given New $95.00 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank of Canada raised CAVA Group’s price target to $95 from $90 while maintaining an “outperform” rating, implying 56.1% potential upside. Analysts overall assign the stock a “Moderate Buy” consensus rating with an average target of $91.58.
• CAVA reported quarterly EPS of $0.19, ahead of the $0.18 consensus, while revenue rose 31.3% year over year to $368.44 million, exceeding estimates. Same-restaurant sales increased about 9%, although management maintained rather than raised its full-year outlook.
• Shares opened at $60.86 and trade at a high valuation, with a trailing P/E above 117 and prices below both the 50-day and 200-day moving averages. Insiders sold $7.25 million of stock during the last quarter, primarily to cover tax obligations tied to equity awards.

CAVA Group (NYSE:CAVA - Get Free Report) had its price target raised by equities researchers at Royal Bank Of Canada from $90.00 to $95.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Royal Bank Of Canada's price target suggests a potential upside of 56.10% from the stock's current price.

CAVA has been the subject of a number of other reports. KeyCorp lifted their price objective on shares of CAVA Group from $95.00 to $105.00 and gave the company an "overweight" rating in a report on Monday, April 20th. Robert W. Baird boosted their price objective on CAVA Group from $88.00 to $98.00 and gave the stock an "outperform" rating in a report on Wednesday, May 20th. Citigroup reissued a "buy" rating on shares of CAVA Group in a research note on Tuesday, July 28th. Argus set a $92.00 target price on CAVA Group in a report on Friday, May 22nd. Finally, Piper Sandler lifted their target price on CAVA Group from $85.00 to $92.00 and gave the company an "overweight" rating in a research report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $91.58.

CAVA Group Trading Down 1.2%

Shares of NYSE CAVA opened at $60.86 on Wednesday. The firm's 50-day moving average price is $73.06 and its 200-day moving average price is $76.79. The firm has a market capitalization of $7.09 billion, a P/E ratio of 117.04, a P/E/G ratio of 4.23 and a beta of 1.74. CAVA Group has a 1-year low of $43.41 and a 1-year high of $98.79.

CAVA Group (NYSE:CAVA - Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.01. CAVA Group had a return on equity of 7.92% and a net margin of 4.79%.The business had revenue of $368.44 million for the quarter, compared to analyst estimates of $360.09 million. During the same quarter in the prior year, the company earned $0.16 earnings per share. The company's quarterly revenue was up 31.3% on a year-over-year basis. Equities research analysts forecast that CAVA Group will post 0.54 EPS for the current year.

Insider Buying and Selling at CAVA Group

In other news, CFO Tricia K. Tolivar sold 4,969 shares of the company's stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $89.43, for a total value of $444,377.67. Following the completion of the transaction, the chief financial officer directly owned 234,931 shares of the company's stock, valued at $21,009,879.33. This represents a 2.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Brett Schulman sold 33,174 shares of CAVA Group stock in a transaction on Monday, June 15th. The stock was sold at an average price of $89.43, for a total value of $2,966,750.82. Following the sale, the chief executive officer owned 798,669 shares in the company, valued at $71,424,968.67. This trade represents a 3.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 82,703 shares of company stock valued at $7,249,579 in the last quarter. 6.70% of the stock is owned by company insiders.

Institutional Trading of CAVA Group

A number of large investors have recently added to or reduced their stakes in CAVA. Modern Wealth Management LLC raised its stake in shares of CAVA Group by 4.2% during the first quarter. Modern Wealth Management LLC now owns 3,907 shares of the company's stock valued at $313,000 after acquiring an additional 158 shares during the last quarter. Bridgewater Associates LP lifted its stake in CAVA Group by 2.4% in the fourth quarter. Bridgewater Associates LP now owns 6,827 shares of the company's stock worth $401,000 after acquiring an additional 163 shares during the period. Western Pacific Wealth Management LP boosted its holdings in CAVA Group by 32.5% in the fourth quarter. Western Pacific Wealth Management LP now owns 729 shares of the company's stock valued at $43,000 after acquiring an additional 179 shares in the last quarter. Allworth Financial LP increased its position in CAVA Group by 57.4% during the 4th quarter. Allworth Financial LP now owns 650 shares of the company's stock valued at $38,000 after purchasing an additional 237 shares during the period. Finally, Clearstead Advisors LLC raised its holdings in CAVA Group by 18.2% in the 4th quarter. Clearstead Advisors LLC now owns 1,566 shares of the company's stock worth $92,000 after purchasing an additional 241 shares in the last quarter. Hedge funds and other institutional investors own 73.15% of the company's stock.

CAVA Group News Roundup

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

• Positive Sentiment: CAVA reported quarterly earnings of $0.19 per share, exceeding the $0.18 analyst consensus and improving from $0.16 a year earlier. Revenue climbed 31.3% year over year to $368.44 million, ahead of the $360.09 million estimate. CAVA Group Reports Second Quarter 2026 Results
• Positive Sentiment: Same-restaurant sales increased approximately 9%, while traffic growth helped drive the quarterly beat. The company also posted a quarterly profit of about $23 million, reinforcing evidence of sustained demand for its food offerings. Cava Same-Store Sales Gains Boost Earnings in Second Quarter
• Positive Sentiment: The results suggest CAVA continues to benefit from Mediterranean cuisine demand and customer traffic, with analysts describing the quarter as a clean beat on both earnings and revenue. Cava Group Q2 2026: Traffic Growth Powers a Clean Beat
• Neutral Sentiment: Management reiterated its fiscal 2026 forecast for 4.5% to 6.5% same-restaurant sales growth and maintained full-year guidance. Keeping the outlook intact is reassuring, but the absence of an increase may limit additional upside expectations. CAVA Reiterates Fiscal 2026 Outlook
• Negative Sentiment: Food-safety-related disruptions and broader economic concerns are producing volatility in restaurant demand. Investors may remain cautious because CAVA trades at a premium valuation, with the supplied price data showing a trailing P/E above 117 and shares below their 50-day and 200-day moving averages.

CAVA Group Company Profile

CAVA Group, Inc NYSE: CAVA is a leading fast-casual restaurant company specializing in Mediterranean-inspired cuisine. Operating under the CAVA brand, the company offers customizable bowls, pitas and salads built around a variety of proteins, grains, fresh vegetables and house-made spreads. With a focus on high-quality ingredients and made-to-order preparation, CAVA aims to deliver a casual yet elevated dining experience for dine-in, takeout and catering customers.

Founded in 2011 in the Washington, DC metro area by Ike Grigoropoulos, Dimitri Katsanis and Brett Schulman, CAVA has pursued an aggressive growth strategy that included the 2018 acquisition of Zoe's Kitchen.

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