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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美東時間11月14日，多家華爾街大行更新了$CAVA Group (CAVA.US)$的評級，目標價介於150美元至200美元。
TD Cowen分析師Andrew Charles維持買入評級，並將目標價從130美元上調至150美元。
貝雅分析師David Tarantino維持買入評級。
斯迪富分析師Chris O`Cull維持買入評級，並將目標價從118美元上調至175美元。
CFRA分析師Arun Sundaram首次給予買入評級，目標價200美元。
此外，綜合報道，$CAVA Group (CAVA.US)$近期主要分析師觀點如下：
Cava Group的跨區域成功正鞏固其最終實現國家規模的道路，其第三季度同店銷售增長率爲18.1%，超出了行業最高預期。該公司的股票表現始終超過最初的預測。
Cava Group的第三季度表現優異體現在其可比銷售額、利潤率和EBITDA數據中。公司2024年展望的期待值已經提升，表明第四季度可比銷售額將增長15%至20%之間，並且前兩年的累積增長幅度將在25%至30%之間。
Cava Group再次超越預期，並在最新季度增加了未來的預測。該公司計劃加快到2025年的新店開業速度。Cava在不易複製的家庭消費類別中的獨特地位，以及其日益增加的品牌知名度，繼續推動其成功。
在第三季度各項業績強勁的報告中，可比銷售業績超過了公司自身的預測和市場平均預測，公司提升了同店銷售增長和年度AEBITDA的預測。此外，已制定了2025年的初始目標。還值得注意的是，公司對其新單位管道和回報展現出足夠的信懇智能，以實現超過15%以上的淨單位增長率的目標。該公司決定將任何增加的槓桿重新投入到其團隊成員和客戶中，這一決定也得到了贊同。
公司對以銷售驅動的第三季度優異表現和2024年增加的指導意見表示滿意，這一點得到了切實銷售推動因素的支撐，以及品牌認知和消費者滿意度的提升。
以下爲今日4位分析師對$CAVA Group (CAVA.US)$的最新投資評級及目標價：
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