On October 16, CAVA Group Inc. rose 5.6% in Regular Trading, trading at $58.3983 per share, with turnover of $22.9113 million.
The move aligns with a still-active event catalyst after Melius upgraded the stock to buy from hold and set a $95 price target, above the broader analyst consensus cited in prior coverage.
Supporting fundamentals remain constructive: fiscal second-quarter revenue was $368.4 million and adjusted EPS was $0.19, both ahead of expectations, while the company reaffirmed full-year same-restaurant sales growth guidance of 4.5% to 6.5%. CAVA Group Inc. also ended the quarter with 476 restaurants, reinforcing the unit-expansion and growth narrative that analysts have highlighted since the earnings release.
(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.)
