TD Cowen analyst Andrew Charles has maintained their bullish stance on CAVA stock, giving a Buy rating on October 31.
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Andrew Charles has given his Buy rating due to a combination of factors influencing CAVA Group, Inc.’s performance and future prospects. Despite facing challenges from a slowdown in the industry and a weakening Gen Z consumer base, CAVA’s recent updates on new store maturation have been encouraging. The company’s ability to track above the midpoint of its guidance range for the fourth quarter suggests resilience in its operations.
Furthermore, while same-store sales estimates for 2025 and 2026 have been adjusted downward, CAVA’s strategic initiatives, such as the introduction of new menu items like salmon and shrimp, are expected to drive growth. The positive performance of new store openings, which have shown improved sales after the initial months, also supports the Buy rating. These factors, combined with management’s expectations for future openings to perform similarly, contribute to a positive outlook for CAVA’s stock.
In another report released on October 31, Stifel Nicolaus also maintained a Buy rating on the stock with a $100.00 price target.