#6 - CAVA Group (NYSE:CAVA)
You can see this in both the company’s same-store sales and its average unit volumes. The company is also being very intentional in its growth plans. At the end of 2024, the restaurant chain had about 350 locations, but it’s expecting that number to grow to approximately 1,000 – and it could go higher.
Since going public in 2023, CAVA has delivered a total return of 215%. Analysts are forecasting 22% earnings growth for CAVA in the next 12 months. They also give the stock a price target of $142.12, which offers investors a solid 15% growth.
About CAVA Group
CAVA Group, Inc owns and operates a chain of restaurants under the CAVA brand in the United States. The company also offers dips, spreads, and dressings through grocery stores. In addition, the company provides online and mobile ordering platforms. Cava Group, Inc was founded in 2006 and is headquartered in Washington, the District of Columbia.
- Current Price
- $124.14
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 8 Buy Ratings, 8 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $142.13 (14.5% Upside)
