CAVA Group (CAVA) stock was up on Wednesday after the restaurant company received new analyst coverage. KeyBanc analysts initiated coverage of CAVA stock with an Overweight rating and $100 price target, suggesting a potential 21.48% upside for the shares.
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The KeyBanc analysts believe CAVA Group has the potential for massive growth due to the interest in its Mediterranean food. They went so far as to claim that the company could cause a similar spread in the Mediterranean food market as Chipotle (CMG) did for Mexican food.
To put that growth potential in perspective, CAVA Group currently has 406 locations in the U.S. Chipotle is well above that at 3,726 restaurants as of June 23, 2025. CAVA Group also last reported earnings of 22 cents per share on revenue of $331.83 million, compared to Chipotle’s 29 cents per share and revenue of $2.88 billion.
CAVA Stock Movement Today
CAVA stock was up 3.26% during pre-market trading on Wednesday, following a 2.27% drop yesterday. Investors will also note that the shares have decreased 27.02% year-to-date and 13.27% over the past 12 months.
Is CAVA Group Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for CAVA Group is Moderate Buy, based on nine Buy and six Hold ratings over the past three months. With that comes an average CAVA stock price target of $112.92, representing a potential 37.17% upside for the shares.
