CAVA Group (NYSE:CAVA) Stock Price Target Cut by Citigroup

CAVA Group (NYSE:CAVA) had its target price lowered by investment analysts at Citigroup from $66.00 to $65.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Citigroup‘s price objective would indicate a potential upside of 10.32% from the company’s previous close.

Other research analysts have also recently issued reports about the company. DA Davidson reduced their price target on CAVA Group from $84.00 to $75.00 and set a “neutral” rating for the company in a research report on Thursday, August 13th. BNP Paribas Exane lowered their price objective on CAVA Group from $84.00 to $62.00 and set a “neutral” rating on the stock in a research report on Thursday. Seaport Research Partners assumed coverage on shares of CAVA Group in a research note on Wednesday, September 16th. They set a “buy” rating and a $58.00 price objective on the stock. Northcoast Research raised shares of CAVA Group from a “sell” rating to a “neutral” rating in a research note on Thursday, August 13th. Finally, Telsey Advisory Group cut their target price on shares of CAVA Group from $95.00 to $76.00 and set an “outperform” rating for the company in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $83.88.

CAVA Group Trading Down 1.8%

Shares of NYSE CAVA traded down $1.09 during trading on Friday, reaching $58.92. 4,410,401 shares of the company traded hands, compared to its average volume of 3,400,370. The firm’s fifty day simple moving average is $55.88 and its 200 day simple moving average is $71.14. The stock has a market cap of $6.88 billion, a P/E ratio of 109.11, a PEG ratio of 4.94 and a beta of 1.75. CAVA Group has a 12-month low of $43.41 and a 12-month high of $98.79.

CAVA Group (NYSE:CAVA) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.01). CAVA Group had a net margin of 4.50% and a return on equity of 7.98%. The company had revenue of $356.44 million during the quarter, compared to analyst estimates of $358.40 million. During the same period last year, the firm earned $0.12 EPS. The business’s quarterly revenue was up 21.0% compared to the same quarter last year. As a group, research analysts expect that CAVA Group will post 0.55 EPS for the current year.

CAVA Group declared that its board has authorized a share buyback program on Friday, September 18th that authorizes the company to repurchase $100 million in shares. This buyback authorization authorizes the company to repurchase up to 1.7% of its shares through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at CAVA Group

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Allworth Financial LP lifted its stake in CAVA Group by 26.8% in the 3rd quarter. Allworth Financial LP now owns 964 shares of the company’s stock valued at $52,000 after buying an additional 204 shares in the last quarter. Maryland State Retirement & Pension System increased its stake in CAVA Group by 26.7% during the 3rd quarter. Maryland State Retirement & Pension System now owns 6,143 shares of the company’s stock worth $332,000 after buying an additional 1,293 shares in the last quarter. Keybank National Association OH increased its stake in CAVA Group by 34.7% during the 3rd quarter. Keybank National Association OH now owns 10,046 shares of the company’s stock worth $543,000 after buying an additional 2,587 shares in the last quarter. D.B. Root & Company LLC increased its stake in CAVA Group by 17.3% during the 3rd quarter. D.B. Root & Company LLC now owns 9,727 shares of the company’s stock worth $526,000 after buying an additional 1,436 shares in the last quarter. Finally, New York Life Investment Management LLC acquired a new position in shares of CAVA Group during the third quarter valued at approximately $797,000. Institutional investors and hedge funds own 73.15% of the company’s stock.

Trending Headlines about CAVA Group

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

• Positive Sentiment: CAVA raised its same-restaurant sales outlook after moving past the cyclospora-related headwind. Same-restaurant sales increased 3.1% in Q3, and the company said it continued gaining market share. Cava Group Raises Same-Restaurant Sales View on Higher Revenue
• Positive Sentiment: The company opened 24 net new restaurants in Q3 and projected 76–78 net new openings for 2026, alongside adjusted EBITDA of $184 million–$189 million. Expansion supports its longer-term growth story. CAVA 2026 Outlook
• Neutral Sentiment: Q3 revenue grew 21% year over year to $356.44 million, but was slightly below consensus. CAVA Q3 Results
• Negative Sentiment: CAVA reported Q3 EPS of $0.11 versus the $0.12 estimate, and revenue of $356.44 million versus the roughly $358.4 million consensus. Earnings also fell from $0.12 a year earlier, contributing to investor concerns. CAVA Q3 Misses
• Negative Sentiment: Management cited broader industry pressures, while a Seeking Alpha analysis flagged traffic and margin slippage as risks. These concerns may temper the positive sales outlook. Margin and Traffic Analysis
• Negative Sentiment: Several analysts lowered price targets after the results. BNP Paribas Exane cut its target to $62 and moved to neutral; other firms also reduced targets, though some retained bullish ratings. BNP Paribas Exane Rating

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.