Cava Group price target lowered to $75 from $100 at Stifel

Stifel analyst Chris O’Cull lowered the firm’s price target on Cava Group (CAVA) to $75 from $100 and keeps a Buy rating on the shares. Q3 results were essentially in line with the firm’s projections, though sales trend softened over the course of the quarter in response to macroeconomic pressures, leading management to trim its full-year 2025 comp guidance to 3%-4% from 4%-6%, the analyst noted. However, the core of the firm’s thesis “remains firmly in place” and the firm maintains conviction in the long-term growth story, even as the concept navigates near-term headwinds, the analyst added.