Telsey Reiterates Outperform Rating on CAVA Group Inc (CAVA)

Telsey analyst Sarang Vora reiterated an Outperform rating and $95.00 price target on CAVA Group Inc (NYSE: CAVA).

The analyst comments "CAVA’s near-term trends are healthy, and the long-term outlook is bright, supported by strong execution and a multi-year unit growth story—moving ahead to open 1,000+ restaurants by 2032, a target we believe is likely to prove conservative and be revised positively. Furthermore, CAVA continues to generate healthy unit economics, including AUV of ~$3MM, which we believe should continue to rise, given menu innovation, a tiered loyalty program, remodels of stores, and improved technology. These factors, combined with a strong company culture focused on food passion, talent development, customer centricity, and superior hospitality, increase our confidence in the strategic growth story. Taken together, we maintain our Outperform rating and our 12-month price target of $95, which is based on applying an EV/EBITDA multiple of ~45x on our 2027 EBITDA of $239MM."

For an analyst ratings summary and ratings history on CAVA Group Inc click here. For more ratings news on CAVA Group Inc click here.

Shares of CAVA Group Inc closed at $59.21 yesterday.

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