CAVA Group (NYSE:CAVA) Stock Price Target Lowered at Citigroup

CAVA Group (NYSE:CAVA) had its price objective cut by Citigroup from $66.00 to $65.00 in a report released on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities research analysts have also recently weighed in on the company. KeyCorp reduced their price objective on CAVA Group from $80.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday. Robert W. Baird raised shares of CAVA Group to a “strong-buy” rating in a research report on Monday, August 24th. UBS Group reduced their target price on shares of CAVA Group from $90.00 to $85.00 and set a “buy” rating for the company in a report on Thursday, October 22nd. Weiss Ratings raised CAVA Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Finally, Royal Bank Of Canada lowered their price target on CAVA Group from $85.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $83.88.

CAVA Group Trading Down 1.8%

Shares of NYSE CAVA traded down $1.09 during mid-day trading on Friday, reaching $58.92. The company had a trading volume of 4,412,427 shares, compared to its average volume of 2,952,812. The firm has a 50 day simple moving average of $55.73 and a two-hundred day simple moving average of $71.09. 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 52-week low of $43.41 and a 52-week high of $98.79.

CAVA Group (NYSE:CAVA) last posted 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). 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%. The firm’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.12 earnings per share. On average, equities analysts expect that CAVA Group will post 0.55 EPS for the current year.

CAVA Group declared that its Board of Directors has initiated a stock repurchase plan on Friday, September 18th that permits the company to buy back $100 million in shares. This repurchase authorization permits the company to purchase up to 1.7% of its stock through open market purchases. Share repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other news, insider Douglas Thompson bought 6,500 shares of CAVA Group stock in a transaction dated Monday, August 31st. The stock was bought at an average price of $66.52 per share, for a total transaction of $432,380.00. Following the purchase, the insider owned 19,371 shares of the company’s stock, valued at approximately $1,288,558.92. The trade was a 50.50% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 6.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in CAVA Group in the second quarter valued at about $757,013,000. Wellington Management Group LLP increased its position in CAVA Group by 76.9% during the 2nd quarter. Wellington Management Group LLP now owns 1,605,508 shares of the company’s stock worth $126,000,000 after purchasing an additional 697,699 shares during the period. Primecap Management Co. CA purchased a new position in shares of CAVA Group during the 2nd quarter worth approximately $92,956,000. William Blair Investment Management LLC purchased a new position in shares of CAVA Group during the 2nd quarter worth approximately $89,861,000. Finally, Prime Capital Management Co Ltd purchased a new position in shares of CAVA Group during the 2nd quarter worth approximately $80,962,000. 73.15% of the stock is currently owned by institutional investors and hedge funds.

CAVA Group News Roundup

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.