Citi analyst Jon Tower maintains $CAVA Group (CAVA.US)$ with a hold rating, and adjusts the target price from $140 to $163.
According to TipRanks data, the analyst has a success rate of 68.3% and a total average return of 16.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $CAVA Group (CAVA.US)$'s main analysts recently are as follows:
The company's Q3 performance surpassed expectations in terms of comparable sales, margin, and EBITDA. All elements of the company's 2024 guidance were improved, suggesting a mid-to-high teens increase in comparable sales for Q4, along with a 25%-30% growth on a two-year stack basis.
Cava Group achieved another quarter of exceeding expectations and anticipates a faster pace of new store openings in 2025. The company remains advantaged by its unique market position that's difficult to replicate with home cooking, alongside increasing brand recognition.
Note:
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