TD Cowen Issues Pessimistic Forecast for CAVA Group (NYSE:CAVA) Stock Price

CAVA Group (NYSE:CAVA) had its price target dropped by equities research analysts at TD Cowen from $78.00 to $76.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen‘s price objective would suggest a potential upside of 23.04% from the stock’s previous close.

CAVA has been the subject of a number of other research reports. 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 report on Thursday, August 13th. Morgan Stanley raised CAVA Group from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $86.00 to $90.00 in a research report on Wednesday, July 15th. Citigroup reduced 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. Compass Point raised shares of CAVA Group to a “neutral” rating in a report on Monday, September 14th. Finally, Northcoast Research raised shares of CAVA Group from a “sell” rating to a “neutral” rating in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, CAVA Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.00.

CAVA Group Price Performance

CAVA Group stock opened at $61.77 on Thursday. CAVA Group has a 12-month low of $43.41 and a 12-month high of $98.79. The company has a market capitalization of $7.22 billion, a price-to-earnings ratio of 112.31, a price-to-earnings-growth ratio of 4.81 and a beta of 1.75. The firm’s fifty day moving average price is $56.05 and its 200 day moving average price is $71.20.

CAVA Group (NYSE:CAVA) last posted its quarterly earnings data 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). The firm had revenue of $356.44 million during the quarter, compared to analysts’ expectations of $358.40 million. CAVA Group had a net margin of 4.82% and a return on equity of 8.28%. During the same period in the previous year, the company earned $0.12 earnings per share. The business’s quarterly revenue was up 21.0% on a year-over-year basis. Analysts forecast that CAVA Group will post 0.55 earnings per share for the current fiscal year.

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

Insider Activity at CAVA Group

In other CAVA Group news, insider Douglas Thompson acquired 6,500 shares of the stock in a transaction that occurred on Monday, August 31st. The stock was acquired at an average price of $66.52 per share, with a total value of $432,380.00. Following the transaction, the insider directly owned 19,371 shares in the company, valued at approximately $1,288,558.92. This represents a 50.50% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.70% of the company’s stock.

Hedge Funds Weigh In On CAVA Group

Several institutional investors have recently made changes to their positions in CAVA. CX Institutional bought a new position in CAVA Group during the 3rd quarter worth $26,000. Ancora Advisors LLC acquired a new position in CAVA Group during the 2nd quarter valued at about $27,000. FNY Investment Advisers LLC bought a new position in CAVA Group in the 2nd quarter worth about $31,000. Philadelphia Investment Partners LLC bought a new position in CAVA Group in the 2nd quarter worth about $33,000. Finally, Scarborough Advisors LLC acquired a new stake in shares of CAVA Group in the first quarter valued at approximately $54,000. 73.15% of the stock is owned by institutional investors.

Key Headlines Impacting CAVA Group

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.