Streetbeat News

CAVA

CAVA Group, Inc.

https://www.cava.com

Industry

Restaurants

CAVA Group, Inc. owns and operates a chain of Mediterranean restaurants. The company offers salads, dips, spreads, toppings, and dressings. It sells its products through whole food markets and grocery stores. The company also provides online food ordering services. Cava Group, Inc. was founded in 2006 and is based in Washington, District of Columbia.

Open

139.67

Mkt cap

16B

Volume

1.8M

High

141.62

P/E Ratio

785.44

52-wk high

141.62

Low

137.88

Div yield

N/A

52-wk low

29.66

Top Wall Street analysts have updated their outlooks on several companies, including Ross Stores, BJ's Wholesale, Nordson, Las Vegas Sands, Bilibili, Peloton, Workday, CAVA Group, Intuit, and Westlake. Notable changes include Loop Capital raising Ross Stores' price target to $190 and Wells Fargo upgrading BJ's Wholesale to Overweight.

Portfolio Pulse from Avi Kapoor

August 23, 2024 | 12:37 pm

CAVA Group shares surged following the release of strong Q2 financial results and an upward revision of its FY24 adjusted EBITDA guidance. Additionally, several firms increased their price targets for the stock.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 11:39 am

Stifel analyst Chris O'Cull maintains a Buy rating on Cava Group and raises the price target from $110 to $118.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 11:29 am

Baird analyst David Tarantino has maintained an Outperform rating on Cava Group (NYSE:CAVA) and raised the price target from $105 to $125.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 11:07 am

Wedbush analyst Nick Setyan has maintained an Outperform rating on Cava Group and raised the price target from $100 to $120.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 10:45 am

US stocks are poised for a strong start as traders anticipate dovish comments from Fed Chair Jerome Powell at Jackson Hole. Nvidia's earnings are expected to reinforce the strength of tech stocks. SPDR S&P 500 ETF Trust and Invesco QQQ ETF showed gains in premarket trading. Several companies, including BILL Holdings, CAVA Group, Ross Stores, and Workday, saw significant premarket movements following earnings announcements.

Portfolio Pulse from Shanthi Rexaline

August 23, 2024 | 10:39 am

On Thursday, major U.S. indices fell, with notable stock movements including Nvidia's 3.70% drop, Trump Media's 6.20% decline, Faraday Future's 123.96% surge, CAVA Group's slight 0.87% fall, and Tesla's 5.65% decrease. Nvidia's collaboration with Nan Juen and Faraday Future's social media buzz were key highlights.

Portfolio Pulse from Benzinga Neuro

August 23, 2024 | 2:36 am

Cava Group, Inc. (NYSE:CAVA) reported strong Q2 earnings, beating EPS and sales estimates. The company saw significant growth in same-restaurant sales and opened 18 new locations. Cava raised its fiscal year 2024 guidance, leading to a 5.98% increase in its stock price after-hours.

Portfolio Pulse from Erica Kollmann

August 22, 2024 | 8:44 pm

CAVA Group shares rose following the announcement of better-than-expected Q2 financial results and an increase in FY24 adjusted EBITDA guidance.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:28 pm

Cava Group has increased its FY24 adjusted EBITDA guidance from $100M-$105M to $105M-$114M and raised its same restaurant sales growth forecast from 4.5%-6.5% to 8.5%-9.5%.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:19 pm

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