CAVA Group Inc (CAVA) PT Raised to $92 at Telsey

Telsey analyst Sarang Vora raised the price target on CAVA Group Inc (NYSE: CAVA) to $92.00 (from $88.00) while maintaining a Outperform rating.

The analyst comments "TAG View: W e are raising our 1Q26 and 2026 projections to reflect continued healthy business trends, ongoing gains from menu-innovation, particularly the successful nationwide rollout of glazed salmon, leverage of loyalty , and ef fective marketing. On the February 24 earnings call, CA V A noted that its 1Q26 comp (QTD) was trending above its 2026 comp guidance of 3%-5%. Furthermore, our review of Placer .ai traf fic data indicate that restaurant traf fic remained elevated in February and March. Importantly , the data suggests that April trends are of f to a strong start, partly due to the nationwide rollout of glazed salmon. W e believe glazed salmon should provide a boost to the 2026 comp—we estim ate in the LSD area—by attracting new customers and upselling this higher priced protein to chicken consumers—salmon bowl is priced at $16 (W ayne, NJ) compared to Greek salad bowl and chicken and rice at $1 1.75—partly of fset by margin pressure, making the item penny-profit neutral. In our vie w , the glazed salmon rollout and its ef fective marketing generated a significant buzz, supporting ongoing business momentum"

You May Also Be Interested In

• Adobe (ADBE) PT Lowered to $225 at UBS Amid Plans to Pivot to Freemium Model
• 22nd Century Group files prospectus for warrant share resale
• Dollarama Inc. (DOL:CN) (DLMAF) PT Raised to Cdn$221 at BMO Capital