KeyCorp Has Lowered Expectations for CAVA Group (NYSE:CAVA) Stock Price

CAVA Group (NYSE:CAVA) had its price target lowered by KeyCorp from $80.00 to $75.00 in a report released on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp‘s price objective suggests a potential upside of 27.29% from the stock’s previous close.

A number of other brokerages also recently commented on CAVA. UBS Group dropped their price objective on shares of CAVA Group from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, October 22nd. Royal Bank Of Canada decreased their price objective on shares of CAVA Group from $95.00 to $85.00 and set an “outperform” rating for the company in a research report on Thursday, September 17th. Seaport Research Partners started coverage on shares of CAVA Group in a research note on Wednesday, September 16th. They set a “buy” rating and a $58.00 target price for the company. Morgan Stanley upgraded shares of CAVA Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $86.00 to $90.00 in a research note on Wednesday, July 15th. Finally, Guggenheim dropped their target price on CAVA Group from $100.00 to $95.00 and set a “buy” rating on the stock in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, CAVA Group has an average rating of “Moderate Buy” and an average price target of $83.88.

CAVA Group Price Performance

Shares of CAVA stock traded down $1.09 during trading hours on Thursday, reaching $58.92. 4,412,427 shares of the stock were exchanged, compared to its average volume of 2,952,812. The business’s fifty day moving average is $55.73 and its two-hundred day moving average is $71.09. CAVA Group has a 12-month low of $43.41 and a 12-month high of $98.79. The firm has a market capitalization of $6.88 billion, a P/E ratio of 109.11, a P/E/G ratio of 4.94 and a beta of 1.75.

CAVA Group (NYSE:CAVA) last issued its earnings results on Wednesday, November 4th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01). CAVA Group had a net margin of 4.82% and a return on equity of 8.28%. The firm had revenue of $356.44 million during the quarter, compared to analyst estimates of $358.40 million. During the same period last year, the business earned $0.12 EPS. The firm’s revenue was up 21.0% compared to the same quarter last year. As a group, equities research analysts predict that CAVA Group will post 0.55 earnings per share for the current fiscal year.

CAVA Group announced that its board has authorized a stock repurchase program on Friday, September 18th that allows the company to repurchase $100 million in outstanding shares. This buyback authorization allows the company to reacquire up to 1.7% of its shares through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Transactions at CAVA Group

In other CAVA Group news, insider Douglas Thompson purchased 6,500 shares of the stock in a transaction that occurred on Monday, August 31st. The stock was purchased 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 of the company’s stock, valued at $1,288,558.92. This trade represents a 50.50% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.70% of the stock is owned by company insiders.

Institutional Trading of CAVA Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CX Institutional acquired a new stake in CAVA Group during the third quarter worth approximately $26,000. Ancora Advisors LLC acquired a new position in shares of CAVA Group in the 2nd quarter valued at $27,000. FNY Investment Advisers LLC acquired a new position in shares of CAVA Group in the 2nd quarter valued at $31,000. Philadelphia Investment Partners LLC purchased a new position in shares of CAVA Group in the 2nd quarter valued at $33,000. Finally, Allworth Financial LP grew its position in shares of 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 during the last quarter. Institutional investors and hedge funds own 73.15% of the company’s stock.

CAVA Group News Summary

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

• Positive Sentiment: CAVA raised its sales outlook after moving past the cyclospora-related headwind. It also reported 24 net new restaurant openings in the third quarter and projected 76–78 net openings and $184 million–$189 million in adjusted EBITDA for 2026. Sales guidance update 2026 outlook
• Neutral Sentiment: Several analysts cut price targets after the results, though some retained bullish ratings. Citigroup lowered its target to $65 and BNP Paribas Exane to $62, both with neutral ratings; Bernstein, KeyCorp and TD Cowen also reduced targets but maintained positive ratings. Citigroup rating BNP Paribas Exane rating
• Negative Sentiment: Third-quarter EPS of $0.11 missed the $0.12 consensus, and revenue of $356.4 million came in below the $358.4 million estimate, despite growing 21% year over year. Reports also flagged margin and traffic slippage; shares slid 11% following the results. Earnings results Margin and traffic concerns Share decline after results

About CAVA Group

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.