KeyCorp Lowers CAVA Group (NYSE:CAVA) Price Target to $95.00

Posted by Francis Steltz on Aug 12th, 2026

CAVA Group (NYSE:CAVA – Get Free Report) had its target price lowered by investment analysts at KeyCorp from $110.00 to $95.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s target price points to a potential upside of 35.00% from the stock’s previous close.

A number of other analysts have also issued reports on CAVA. Morgan Stanley raised shares of CAVA Group from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $86.00 to $90.00 in a research report on Wednesday, July 15th. Robert W. Baird upped their price objective on shares of CAVA Group from $88.00 to $98.00 and gave the company an “outperform” rating in a research note on Wednesday, May 20th. BMO Capital Markets set a $100.00 target price on shares of CAVA Group in a research report on Wednesday, May 20th. Stifel Nicolaus lifted their target price on shares of CAVA Group from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Finally, Citigroup reaffirmed a “buy” rating on shares of CAVA Group in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $90.81.

Get Our Latest Research Report on CAVA

CAVA Group Trading Up 15.7%

NYSE:CAVA opened at $70.37 on Wednesday. The business’s fifty day moving average price is $73.06 and its 200 day moving average price is $76.79. The firm has a market capitalization of $8.20 billion, a price-to-earnings ratio of 130.77, a PEG ratio of 4.23 and a beta of 1.74. CAVA Group has a 1-year low of $43.41 and a 1-year high of $98.79.

CAVA Group (NYSE:CAVA – Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. CAVA Group had a return on equity of 7.92% and a net margin of 4.79%.The firm had revenue of $368.44 million during the quarter, compared to analyst estimates of $360.09 million. During the same period last year, the company posted $0.16 EPS. The business’s quarterly revenue was up 31.3% compared to the same quarter last year. Equities analysts forecast that CAVA Group will post 0.54 earnings per share for the current year.

Insider Transactions at CAVA Group

In other CAVA Group news, Director Karen Kochevar sold 10,000 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $90.00, for a total transaction of $900,000.00. Following the transaction, the director directly owned 3,074 shares in the company, valued at $276,660. This trade represents a 76.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Tricia K. Tolivar sold 4,969 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $89.43, for a total value of $444,377.67. Following the completion of the sale, the chief financial officer directly owned 234,931 shares of the company’s stock, valued at $21,009,879.33. This represents a 2.07% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 82,703 shares of company stock valued at $7,249,579 in the last three months. 6.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CAVA. BlackRock Inc. bought a new position in shares of CAVA Group in the 2nd quarter valued at approximately $757,013,000. Capital Research Global Investors boosted its position in CAVA Group by 27.2% during the fourth quarter. Capital Research Global Investors now owns 8,440,040 shares of the company’s stock worth $495,344,000 after purchasing an additional 1,805,174 shares during the period. Capital International Investors boosted its position in CAVA Group by 15.5% during the fourth quarter. Capital International Investors now owns 4,885,317 shares of the company’s stock worth $286,718,000 after purchasing an additional 656,581 shares during the period. Morgan Stanley grew its holdings in CAVA Group by 33.7% during the fourth quarter. Morgan Stanley now owns 3,318,894 shares of the company’s stock valued at $194,786,000 after purchasing an additional 835,628 shares during the last quarter. Finally, State Street Corp grew its holdings in CAVA Group by 1.3% during the fourth quarter. State Street Corp now owns 2,920,442 shares of the company’s stock valued at $171,401,000 after purchasing an additional 36,508 shares during the last quarter. Institutional investors and hedge funds own 73.15% of the company’s stock.

Trending Headlines about CAVA Group

Here are the key news stories impacting CAVA Group this week:

Positive Sentiment: Q2 results exceeded expectations. CAVA reported adjusted earnings of $0.19 per share versus the $0.18 consensus estimate, while revenue climbed 31.3% year over year to $368.44 million, above expectations of $360.09 million. The company also posted $23 million in profit. CAVA Group Reports Second Quarter 2026 Results
Positive Sentiment: Restaurant demand and traffic were solid. Same-restaurant sales increased 9%, supported by robust traffic growth and continued demand for CAVA’s Mediterranean menu. Comparable-sales growth also surpassed analyst estimates. Cava Same-Store Sales Gains Boost Earnings in Second Quarter
Positive Sentiment: RBC raised its price target. Royal Bank of Canada increased its target from $90 to $95 and maintained an “outperform” rating, implying substantial potential upside from the referenced $60.86 price. RBC Raises CAVA Price Target
Neutral Sentiment: Full-year guidance was reiterated. CAVA continues to forecast fiscal 2026 same-restaurant sales growth of 4.5% to 6.5%, suggesting management remains confident despite near-term operating uncertainty. CAVA Reiterates Fiscal 2026 Outlook
Negative Sentiment: Food-safety concerns remain a risk. Management cited food-safety-related volatility, which could pressure traffic and comparable sales. In addition, CAVA trades at a high valuation, with a reported P/E above 117, leaving the stock sensitive to any slowdown in growth or weaker consumer spending.

CAVA Group Company Profile

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CAVA Group, Inc (NYSE: CAVA) is a leading fast-casual restaurant company specializing in Mediterranean-inspired cuisine. Operating under the CAVA brand, the company offers customizable bowls, pitas and salads built around a variety of proteins, grains, fresh vegetables and house-made spreads. With a focus on high-quality ingredients and made-to-order preparation, CAVA aims to deliver a casual yet elevated dining experience for dine-in, takeout and catering customers.

Founded in 2011 in the Washington, DC metro area by Ike Grigoropoulos, Dimitri Katsanis and Brett Schulman, CAVA has pursued an aggressive growth strategy that included the 2018 acquisition of Zoe’s Kitchen.