CAVA Group (NYSE:CAVA) Given New $62.00 Price Target at BNP Paribas Exane

CAVA Group (NYSE:CAVA) had its target price lowered by BNP Paribas Exane from $84.00 to $62.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other equities analysts also recently weighed in on CAVA. Northcoast Research raised shares of CAVA Group from a “sell” rating to a “neutral” rating in a research note on Thursday, August 13th. Robert W. Baird raised shares of CAVA Group to a “strong-buy” rating in a research note on Monday, August 24th. Citigroup decreased their target price on shares of CAVA Group from $79.00 to $66.00 and set a “neutral” rating on the stock in a research note on Thursday, October 22nd. TD Cowen lowered their target price on CAVA Group from $78.00 to $76.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Roth Capital restated a “buy” rating and issued a $95.00 price target (down from $106.00) on shares of CAVA Group in a research report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.92.

CAVA Group Stock Performance

Shares of CAVA stock opened at $59.60 on Thursday. The stock’s fifty day moving average is $55.88 and its two-hundred day moving average is $71.14. The firm has a market capitalization of $6.96 billion, a P/E ratio of 110.37, a PEG ratio of 4.94 and a beta of 1.75. CAVA Group has a fifty-two week low of $43.41 and a fifty-two week high of $98.79.

CAVA Group (NYSE:CAVA) last released its earnings results on Wednesday, November 4th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). CAVA Group had a return on equity of 7.98% and a net margin of 4.50%. The business had revenue of $356.44 million for the quarter, compared to analysts’ expectations of $358.40 million. During the same period in the previous year, the company earned $0.12 EPS. CAVA Group’s quarterly revenue was up 21.0% compared to the same quarter last year. On average, equities analysts forecast that CAVA Group will post 0.55 earnings per share for the current year.

CAVA Group declared that its Board of Directors has approved a stock repurchase program on Friday, September 18th that authorizes the company to buy back $100 million in shares. This repurchase authorization authorizes the company to reacquire up to 1.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Insider Transactions at CAVA Group

In other news, insider Douglas Thompson purchased 6,500 shares of the firm’s stock in a transaction on Monday, August 31st. The shares were bought at an average cost of $66.52 per share, for a total transaction of $432,380.00. Following the completion of the purchase, the insider directly owned 19,371 shares of the company’s stock, valued at approximately $1,288,558.92. This trade represents a 50.50% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 6.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CAVA Group

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. purchased a new position in CAVA Group during the 2nd quarter valued at about $757,013,000. Wellington Management Group LLP grew its position in CAVA Group by 76.9% in the 2nd quarter. Wellington Management Group LLP now owns 1,605,508 shares of the company’s stock valued at $126,000,000 after acquiring an additional 697,699 shares in the last quarter. Primecap Management Co. CA acquired a new position in CAVA Group in the 2nd quarter valued at about $92,956,000. William Blair Investment Management LLC purchased a new stake in CAVA Group during the second quarter worth about $89,861,000. Finally, Prime Capital Management Co Ltd purchased a new stake in CAVA Group during the second quarter worth about $80,962,000. Hedge funds and other institutional investors own 73.15% of the company’s stock.

More CAVA Group News

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

• Positive Sentiment: CAVA raised its full-year same-restaurant sales outlook after Q3 comparable sales increased 3.1%. Revenue grew 21% year over year, and the company said it continued to gain market share. Article: Cava Group Raises Same-Restaurant Sales View on Higher Revenue
• Positive Sentiment: The company’s 2026 outlook calls for 76–78 net new restaurants and $184 million–$189 million in adjusted EBITDA, pointing to continued expansion. Article: CAVA outlines 2026 outlook
• Neutral Sentiment: Several analysts cut price targets following the results, but Bernstein, KeyCorp and TD Cowen retained outperform, overweight or buy ratings. BNP Paribas Exane lowered its target to $62 and moved to neutral. Article: BNP Paribas Exane rating
• Negative Sentiment: Q3 EPS of $0.11 missed the $0.12 consensus, while revenue of $356.44 million fell short of expectations of about $358.4 million. EPS was also down from $0.12 a year earlier, fueling concern about execution and profitability. Article: Cava Stock Tanks on Q3 Double-Miss
• Negative Sentiment: Management cited broader industry pressures, and commentary has raised concerns about traffic and margin slippage. These risks may temper optimism around sales growth and new restaurant openings. Article: CAVA Group: Margin And Traffic Slippage Is A Red Flag

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.