Cava Group initiated with a Buy at Roth Capital

Roth Capital last night initiated coverage of Cava Group (CAVA) with a Buy rating and $106 price target The firm sees upside to the company’s “conservative” 2026 same-store-sales outlook. Cava’s CAVA’s 2026 same-store-sales guidance of 3%-5% has “reinvigorated the stock due to an outlook above fast-casual peers and consensus,” the analyst tells investors in a research note. Roth thinks the outlook may prove conservative given Cava’s multi-year stacked traffic trends and protein innovation, loyalty, and throughput initiatives in the remainder of the year.