CAVA Group

CAVA · NYSE

$57.45−$0.45 (−0.78%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $57.90

CAVA analyst rating

BuyConsensus of 26 analysts over the last 12 months. 77% rate it a buy.

Strong buy0
Buy20
Hold6
Underperform0
Sell0

12-month price target · 27 analysts

Average $88.94 (+54.8% upside)

Low: $58.58
Now: $57.45
High: $115.50

Upgrades and downgrades

The latest rating actions, newest first

CAVA analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Melius Research	Oct 8, 2026	Upgrade	Hold → Buy	$95.00	67%
JP Morgan	Sep 18, 2026	Maintains	Overweight	$85.00 → $80.00	64%
RBC Capital	Sep 17, 2026	Maintains	Outperform	$95.00 → $85.00	27%
Seaport Global	Sep 16, 2026	Initiates	Buy	$58.00	54%
DA Davidson	Aug 13, 2026	Maintains	Neutral	$84.00 → $75.00	18%
Guggenheim	Aug 13, 2026	Maintains	Buy	$100.00 → $95.00	60%
Roth Capital	Aug 12, 2026	Maintains	Buy	$106.00 → $95.00	0%
Wolfe Research	Aug 12, 2026	Maintains	Outperform	$79.00 → $82.00	0%
Mizuho	Aug 12, 2026	Maintains	Neutral	$85.00 → $70.00	55%
Keybanc	Aug 12, 2026	Maintains	Overweight	$110.00 → $95.00	55%

The case for and against

Updated Oct 14, 2026

Bull case

Cava Group is positioned favorably because 2Q showed durable demand and operational leverage, with same-store sales up 9.0% on 5.3% traffic growth and adjusted EBITDA rising 30% year-over-year to $55m. The company’s category leadership in a nascent fast-casual segment, combined with strong new unit productivity and 17 net openings in 2Q, supports the view that its 75-77 net openings expected in 2026 can compound growth effectively. Its centralized sauce and dip production, ongoing menu innovation such as salmon and shrimp, and reinvestment in labor and customer experience reinforce brand momentum while leaving significant whitespace for expansion.

Bear case

Cava Group is negatively positioned because it operates in a crowded, promotion-heavy fast-casual market against much larger, better-capitalized rivals with stronger national brands, while also facing ongoing pressure from real estate scarcity, labor competition, and volatile protein and wage costs. Its customer base is relatively vulnerable, as Millennials and Gen Z account for more than half of transactions, and its heavy geographic concentration in Texas, California, and the DMV increases exposure to regional shocks, weather, and labor inflation. Although 2025 sales are about $1.2 billion across 439 company-owned U.S. units, its short operating history since 2011, recent food-safety-related sales disruption, and EBITDA guidance trimmed to $191 million underscore execution risk as it pushes toward 1,000 units by 2032.

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