CAVA Group Reports Third Quarter 2024 Results
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CAVA Group Inc (CAVA) PT Raised to $135 at Morgan Stanley, 'We remain EW mainly on valuation despite the continued positive elements of the story'
November 13, 2024 4:11 PM ESTMorgan Stanley analyst Brian Harbour raised the price target on CAVA Group Inc (NYSE: CAVA) to $135.00 (from $123.00) while maintaining a Equalweight rating.
The analyst comments "We are updating our CAVA model post-3Q earnings yesterday (see here for our thoughts on the quarter: 3Q24 First Take: Selling More Chips (the Non-AI Variety)); PT to $135 from $123, stay EW. Our 4Q SSS estimate moves up to +18.2% from +11.0% prior (pre-results Street at +11.3%) as we see stronger... More
CFRA Upgrades CAVA Group Inc (CAVA) to Buy
November 13, 2024 2:24 PM ESTCFRA analyst Arun Sundaram upgraded CAVA Group Inc (NYSE: CAVA) from Hold to Buy with a price target of $200.00 (from $125.00).
The analyst comments "We raise our 12-month target to $200 from $125, based on a blended valuation (110x 2026 EV/EBITDA; 14x 2026 EV/sales). We lift our... More
CAVA Group Inc (CAVA) PT Raised to $142 at Barclays
November 13, 2024 6:12 AM ESTBarclays analyst Jeffrey Bernstein raised the price target on CAVA Group Inc (NYSE: CAVA) to $142.00 (from $113.00) while maintaining a Equalweight rating.
The analyst comments "We view CAVA as a premier fast casual concept, with long-term guidance for high-teens revenue growth, supported by 15%+ unit & low-to-mid single-digit comp growth, both proving conservative to date. And such ultimately culminates in... More
CAVA Group Inc (CAVA) PT Raised to $163 at Citi
November 13, 2024 5:35 AM ESTCiti analyst Jon Tower raised the price target on CAVA Group Inc (NYSE: CAVA) to $163.00 (from $140.00) while maintaining a Neutral rating.
The analyst comments "Rinse, wash and repeat has become the norm with CAVA prints, with the company posting another beat and... More
CAVA Group, Inc. (CAVA) Tops Q3 EPS by 8c, Beats on Revenue
November 12, 2024 4:13 PM ESTCAVA Group, Inc. (NYSE: CAVA) reported Q3 EPS of $0.15, $0.08 better than the analyst estimate of $0.07. Revenue for the quarter came in at $241.5 million versus the consensus estimate of $212.79 million.
For earnings history and earnings-related data on CAVA Group, Inc. (CAVA) click here.
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