On October 15, CAVA Group Inc. rose 5.18% in Regular Trading, trading at $54.475 per share, with turnover of $32.921 million.
The move was associated with continued follow-through from Melius upgrading the stock to buy from hold and setting a $95 price target, above the FactSet-tracked consensus target of $87.51.
The same rating change had already lifted the shares 4.5% on October 9, and the latest rise suggests that bullish sentiment tied to that call remained active. Supporting the constructive view, CAVA Group Inc. reported second-quarter revenue of $368.4 million and adjusted EPS of $0.19, both ahead of expectations, while maintaining full-year same-restaurant sales growth guidance of 4.5% to 6.5%. The company ended the quarter with 476 restaurants, reinforcing the long-term expansion case cited by bullish analysts.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
