On Nov 14, major Wall Street analysts update their ratings for $CAVA Group (CAVA.US)$, with price targets ranging from $150 to $200.
TD Cowen analyst Andrew Charles maintains with a buy rating, and adjusts the target price from $130 to $150.
Baird analyst David Tarantino maintains with a buy rating.
Stifel analyst Chris O`Cull maintains with a buy rating, and adjusts the target price from $118 to $175.
CFRA analyst Arun Sundaram initiates coverage with a buy rating, and sets the target price at $200.
Furthermore, according to the comprehensive report, the opinions of $CAVA Group (CAVA.US)$'s main analysts recently are as follows:
Cava Group's multi-regional success is solidifying its path to eventually achieve national scale, as evidenced by its third-quarter headline same-store sales growth of 18.1%, which surpassed even the highest industry expectations. The company's stock performance has consistently exceeded initial predictions.
Cava Group's third quarter outperformance is evident in its comparable sales, margin, and EBITDA figures. The expectations for the company's 2024 outlook have been elevated, with indications of mid-to-high teens comparable sales growth in the fourth quarter and a robust two-year stack ranging between 25% to 30%.
Cava Group has once again exceeded expectations and increased future projections during the latest quarter. The company is set to quicken its new store openings by 2025. The unique position of Cava in a category that is challenging to replicate for home consumption, along with its increasing brand recognition, continues to drive its success.
After reporting a strong performance across the board in Q3, with comparable sales surpassing both the company's own forecasts and the average market predictions, the company has uplifted its projections for same-restaurant sales growth and yearly AEBITDA. Furthermore, initial goals for 2025 were set forth. It was also noted with approval that the company showcased enough confidence in its new unit pipeline and returns to aim for a net unit growth rate that surpasses its longstanding objective of 15%+. The company's decision to reinvest any enhanced leverage back into its team members and customers was also met with agreement.
The firm expressed satisfaction with the sales-driven third quarter outperformance and the increased guidance for 2024, which is underpinned by tangible sales drivers, alongside enhancements in brand recognition and consumer contentment.
Here are the latest investment ratings and price targets for $CAVA Group (CAVA.US)$ from 4 analysts:
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美东时间11月14日，多家华尔街大行更新了$CAVA Group (CAVA.US)$的评级，目标价介于150美元至200美元。
TD Cowen分析师Andrew Charles维持买入评级，并将目标价从130美元上调至150美元。
贝雅分析师David Tarantino维持买入评级。
斯迪富分析师Chris O`Cull维持买入评级，并将目标价从118美元上调至175美元。
CFRA分析师Arun Sundaram首予买入评级，目标价200美元。
此外，综合报道，$CAVA Group (CAVA.US)$近期主要分析师观点如下：
Cava Group的跨区域成功正巩固其最终实现国家规模的道路，其第三季度同店销售增长率为18.1%，超出了行业最高预期。该公司的股票表现始终超过最初的预测。
Cava Group的第三季度表现优异体现在其可比销售额、利润率和EBITDA数据中。公司2024年展望的期待值已经提升，表明第四季度可比销售额将增长15%至20%之间，并且前两年的累积增长幅度将在25%至30%之间。
Cava Group再次超越预期，并在最新季度增加了未来的预测。该公司计划加快到2025年的新店开业速度。Cava在不易复制的家庭消费类别中的独特地位，以及其日益增加的品牌知名度，继续推动其成功。
在第三季度各项业绩强劲的报告中，可比销售业绩超过了公司自身的预测和市场平均预测，公司提升了同店销售增长和年度AEBITDA的预测。此外，已制定了2025年的初始目标。还值得注意的是，公司对其新单位管道和回报展现出足够的信恳智能，以实现超过15%以上的净单位增长率的目标。该公司决定将任何增加的杠杆重新投入到其团队成员和客户中，这一决定也得到了赞同。
公司对以销售驱动的第三季度优异表现和2024年增加的指导意见表示满意，这一点得到了切实销售推动因素的支撑，以及品牌认知和消费者满意度的提升。
以下为今日4位分析师对$CAVA Group (CAVA.US)$的最新投资评级及目标价：
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