Several restaurant stocks are taking a beating on Thursday as broader markets tumble in reaction to sweeping reciprocal tariffs from the Trump administration.
CAVA Group stock has been punished on EPS miss and lowered forecasts despite a scorching 21.2% YoY comp sales, more than Chipotle and Sweetgreen combined.
BofA Securities analyst Sara Senatore has initiated coverage on CAVA Group with a Buy rating and a price target of $112.00. The analyst highlights CAVA's strong financial model, growth potential, and ability to expand beyond its 1,000-store target, citing opportunities for increased customer spending and operational efficiency.
CAVA, the category-defining Mediterranean fast-casual restaurant brand, is introducing its new wholesome brand character, Peter Chip. To celebrate Peter’s upcoming birthday on Saturday, March 29, which naturally coincides with National Pita Day, he’ll be treating all CAVA Rewards members to an order of the fan favorite pita chips.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q4. Today, we are looking at modern fast food stocks, starting with CAVA (NYSE:CAVA).
J.P. Morgan analyst John Ivankoe hosted Bloomin' Brands, CAVA Group and others at the Las Vegas forum. A major takeaway: focus on "doing fewer things better" with continued investments in customer and employee experiences. The analyst recommends adding fresh investments in BROS, SBUX, and CAVA, while maintaining cautious optimism on CMG and EAT.
As the Q4 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the modern fast food industry, including Noodles (NASDAQ:NDLS) and its peers.
