CAVA Group (NYSE:CAVA) Price Target Cut to $95.00 by Analysts at KeyCorp

Key Points

• KeyCorp lowered CAVA’s price target from $110 to $95 while maintaining an “overweight” rating, implying roughly 35% upside from the reported $70.37 share price.
• CAVA exceeded quarterly expectations, reporting $0.19 EPS versus $0.18 expected and revenue of $368.44 million, up 31.3% year over year; same-restaurant sales rose 9%.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and average price target of $90.81, though the stock’s high valuation and food-safety-related volatility pose risks.

CAVA Group (NYSE:CAVA - Get Free Report) had its price target dropped by investment analysts at KeyCorp from $110.00 to $95.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the stock. KeyCorp's price objective suggests a potential upside of 35.00% from the company's current price.

A number of other research firms have also weighed in on CAVA. Argus set a $92.00 price target on shares of CAVA Group in a report on Friday, May 22nd. Stifel Nicolaus boosted their price objective on shares of CAVA Group from $90.00 to $105.00 and gave the stock a "buy" rating in a report on Wednesday, May 20th. Telsey Advisory Group upped their price objective on shares of CAVA Group from $92.00 to $95.00 and gave the company an "outperform" rating in a research report on Wednesday, May 20th. Citigroup restated a "buy" rating on shares of CAVA Group in a research note on Tuesday, July 28th. Finally, Wolfe Research reaffirmed an "outperform" rating and set a $82.00 target price on shares of CAVA Group in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $90.81.

CAVA Group Stock Performance

CAVA Group stock opened at $70.37 on Wednesday. The firm has a market capitalization of $8.20 billion, a PE ratio of 130.77, a price-to-earnings-growth ratio of 4.23 and a beta of 1.74. CAVA Group has a one year low of $43.41 and a one year high of $98.79. The stock's 50 day moving average price is $73.06 and its 200 day moving average price is $76.79.

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

Insider Activity at CAVA Group

In related news, CAO Adam David Phillips sold 5,181 shares of the firm's stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $77.14, for a total value of $399,662.34. Following the sale, the chief accounting officer owned 9,505 shares of the company's stock, valued at approximately $733,215.70. This trade represents a 35.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Karen Kochevar sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $90.00, for a total value of $900,000.00. Following the transaction, the director owned 3,074 shares of the company's stock, valued at $276,660. This represents a 76.49% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 82,703 shares of company stock valued at $7,249,579. 6.70% of the stock is owned by insiders.

Institutional Trading of CAVA Group

A number of large investors have recently modified their holdings of the company. KBC Group NV increased its position in shares of CAVA Group by 513.6% in the fourth quarter. KBC Group NV now owns 15,531 shares of the company's stock worth $912,000 after acquiring an additional 13,000 shares in the last quarter. Prime Capital Management Co Ltd raised its holdings in shares of CAVA Group by 90.6% during the fourth quarter. Prime Capital Management Co Ltd now owns 1,031,630 shares of the company's stock valued at $60,546,000 after acquiring an additional 490,300 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in shares of CAVA Group in the 4th quarter valued at approximately $19,460,000. Norges Bank purchased a new stake in shares of CAVA Group in the 4th quarter valued at approximately $50,278,000. Finally, Principal Financial Group Inc. boosted its stake in CAVA Group by 215.2% in the 4th quarter. Principal Financial Group Inc. now owns 695,961 shares of the company's stock worth $40,846,000 after purchasing an additional 475,189 shares during the period. Institutional investors and hedge funds own 73.15% of the company's stock.

Key Stories Impacting CAVA Group

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

• Positive Sentiment: Q2 results exceeded expectations. CAVA reported adjusted earnings of $0.19 per share versus the $0.18 consensus estimate, while revenue climbed 31.3% year over year to $368.44 million, above expectations of $360.09 million. The company also posted $23 million in profit. CAVA Group Reports Second Quarter 2026 Results
• Positive Sentiment: Restaurant demand and traffic were solid. Same-restaurant sales increased 9%, supported by robust traffic growth and continued demand for CAVA’s Mediterranean menu. Comparable-sales growth also surpassed analyst estimates. Cava Same-Store Sales Gains Boost Earnings in Second Quarter
• Positive Sentiment: RBC raised its price target. Royal Bank of Canada increased its target from $90 to $95 and maintained an “outperform” rating, implying substantial potential upside from the referenced $60.86 price. RBC Raises CAVA Price Target
• Neutral Sentiment: Full-year guidance was reiterated. CAVA continues to forecast fiscal 2026 same-restaurant sales growth of 4.5% to 6.5%, suggesting management remains confident despite near-term operating uncertainty. CAVA Reiterates Fiscal 2026 Outlook
• Negative Sentiment: Food-safety concerns remain a risk. Management cited food-safety-related volatility, which could pressure traffic and comparable sales. In addition, CAVA trades at a high valuation, with a reported P/E above 117, leaving the stock sensitive to any slowdown in growth or weaker consumer spending.

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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