CAVA Group (NYSE:CAVA) Stock Gets Price Target Reduction from Citigroup

Posted by Francis Steltz on Oct 25th, 2026

CAVA Group (NYSE:CAVA – Free Report) had its price objective cut by Citigroup from $79.00 to $66.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities analysts have also recently issued reports on CAVA. Weiss Ratings upgraded CAVA Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Melius Research upgraded shares of CAVA Group from a “hold” rating to a “buy” rating and set a $95.00 target price on the stock in a report on Thursday, October 8th. TD Cowen reduced their price target on CAVA Group from $85.00 to $78.00 and set a “buy” rating on the stock in a research note on Wednesday. Robert W. Baird upgraded CAVA Group to a “strong-buy” rating in a research note on Monday, August 24th. Finally, Freedom Capital upgraded CAVA Group to a “hold” rating in a research note on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, CAVA Group presently has an average rating of “Moderate Buy” and an average price target of $87.35.

Check Out Our Latest Report on CAVA Group

CAVA Group Stock Down 2.1%

NYSE:CAVA opened at $53.52 on Thursday. The stock’s 50 day moving average price is $58.02 and its 200 day moving average price is $71.05. The company has a market capitalization of $6.25 billion, a PE ratio of 97.31, a P/E/G ratio of 4.14 and a beta of 1.80. CAVA Group has a 52-week low of $43.41 and a 52-week high of $98.79.

CAVA Group (NYSE:CAVA – Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.18 by $0.01. CAVA Group had a return on equity of 8.28% and a net margin of 4.82%. The company had revenue of $368.44 million for the quarter, compared to analyst estimates of $360.09 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The firm’s revenue was up 31.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that CAVA Group will post 0.55 EPS for the current fiscal year.

CAVA Group declared that its Board of Directors has approved a stock repurchase program on Friday, September 18th that authorizes the company to repurchase $100.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 1.7% of its shares through open market purchases. Share buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In related news, insider Douglas Thompson purchased 6,500 shares of the firm’s stock in a transaction on Monday, August 31st. The shares were bought at an average price of $66.52 per share, for a total transaction of $432,380.00. Following the acquisition, the insider directly owned 19,371 shares in the company, valued at $1,288,558.92. This trade represents a 50.50% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. 6.70% of the stock is currently owned by corporate insiders.

Institutional Trading of CAVA Group

A number of institutional investors and hedge funds have recently made changes to their positions in CAVA. Modern Wealth Management LLC raised its position in shares of CAVA Group by 4.2% in the 1st quarter. Modern Wealth Management LLC now owns 3,907 shares of the company’s stock worth $313,000 after buying an additional 158 shares during the period. Concurrent Investment Advisors LLC boosted its holdings in CAVA Group by 7.4% in the second quarter. Concurrent Investment Advisors LLC now owns 4,356 shares of the company’s stock valued at $342,000 after acquiring an additional 299 shares during the last quarter. Bogart Wealth LLC boosted its holdings in CAVA Group by 24.8% in the first quarter. Bogart Wealth LLC now owns 1,509 shares of the company’s stock valued at $122,000 after acquiring an additional 300 shares during the last quarter. Brookstone Capital Management grew its position in CAVA Group by 2.4% during the first quarter. Brookstone Capital Management now owns 13,325 shares of the company’s stock valued at $1,078,000 after acquiring an additional 313 shares during the period. Finally, Ancora Advisors LLC purchased a new stake in CAVA Group during the second quarter valued at about $27,000. 73.15% of the stock is currently owned by institutional investors and hedge funds.

Key CAVA Group News

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

Positive Sentiment: KeyCorp remains bullish: The firm lowered its price target from $95 to $80 but maintained an “overweight” rating, implying substantial upside from recent levels. KeyCorp lowers CAVA price target while maintaining overweight rating
Positive Sentiment: Analyst targets remain well above the market price: A separate report cited an average price target of $88.62, suggesting analysts still see meaningful long-term appreciation potential. CAVA average analyst price target
Neutral Sentiment: Investor attention has increased: CAVA is attracting heightened interest from Zacks users, which may increase trading activity but does not by itself change the company’s fundamentals. CAVA attracts investor attention
Negative Sentiment: TD Cowen issued a pessimistic forecast: The firm’s outlook adds to concerns about CAVA’s valuation and future growth, contributing to the recent weakness. TD Cowen pessimistic forecast for CAVA
Negative Sentiment: Citigroup cut its target and turned neutral: Citi reduced its price target from $79 to $66 and assigned a “neutral” rating, signaling less confidence in near-term upside. Citigroup lowers CAVA price target
Negative Sentiment: Analyst downgrades are driving the decline: Reports directly linked CAVA’s recent stock weakness to an analyst downgrade, increasing pressure on the shares. CAVA stock falls following analyst downgrade

CAVA Group Company Profile

(Get Free Report)

CAVA Group, Inc operates CAVA, a fast-casual restaurant brand serving Mediterranean-inspired food in the United States. Its menu includes customizable bowls and pitas, salads, dips, spreads, grilled proteins, and other Mediterranean dishes, with options designed to accommodate a range of dietary preferences.

The company’s restaurants generally use an assembly-line format that allows customers to build meals from a selection of ingredients and sauces. CAVA also offers its branded dips, spreads, and other products through select grocery and retail channels, extending the brand beyond its restaurant locations.

CAVA was founded in 2010 by Dimitri Moshovitis, Ike Grigoropoulos, and Ted Xenohristos.