CAVA Stock Recent News

CAVA, BJRI and WING gain ground as restaurant sales jump and inflation cools, with all three stocks seeing rising earnings estimates.

The growth stock has demonstrated phenomenal performance and deserves a premium valuation.

Finding stocks with enormous growth potential that are trading at reasonable valuations is one way to access potentially monster gains in the stock market. Promising consumer brands like RH (RH -1.13%), Cava Group (CAVA -1.11%), and e-commerce specialist Coupang (CPNG 0.71%) are trading at prices that Wall Street analysts see as attractive buying opportunities for investors.

Cava Group (CAVA 0.56%) absolutely crushed estimates in its first quarter, reported last week, but you wouldn't know it from the stock's trajectory through the past couple of days. According to data compiled by S&P Global Market Intelligence, as of early Friday morning the restaurant chain operator's shares were down by almost 13% in price week to date.

Zacks.com users have recently been watching Cava (CAVA) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

One of the great American growth themes throughout the years has been quick-service restaurant (QSR) expansion. Success stories are abundant, with companies like McDonald's and Starbucks growing to have more than 13,000 locations in the U.S. alone.

Restaurant stocks like CAVA, WING and BJRI are likely to benefit from sales-building initiatives and digital initiatives.

The mean of analysts' price targets for Cava (CAVA) points to a 33.6% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Despite being one of the fastest-growing restaurant concepts around, Cava Group's (CAVA -6.98%) stock has failed to gain any traction this year. This was evident once again after its stock slipped despite another strong showing from the fast-casual Mediterranean-themed restaurant operator when it reported its fiscal first-quarter results.

B Of A Securities analyst Sara Senatore increased the price forecast for CAVA Group, Inc. CAVA from $112 to $121 while reiterating a Buy rating.