Cava Group price target lowered to $75 from $80 at Bernstein

Bernstein lowered the firm’s price target on Cava Group (CAVA) to $75 from $80 and keeps an Outperform rating on the shares. The firm says it enters 2026 with a generally sober perspective on U.S. restaurants, as it expects the traffic recovery to be gradual. After witnessing several step-downs in consumer confidence in 2025 caused by macroeconomic and tariff-related uncertainty, DOGE-imposed Federal cuts, tighter migration policies impacting Hispanic population and the longest Government shutdown in history, Bernstein doesn’t expect sudden change in discretionary spending in 2026, but it acknowledges that the new Tax Bill and the Soccer World Cup held in the U.S. may stimulate demand starting in the spring.