CAVA Can Outgrow Expectations With Strong Unit Economics And Market Headroom, Analyst Says

BofA Securities analyst Sara Senatore initiated coverage on the shares of CAVA Group Inc CAVA with a Buy rating and announced a price forecast of $112.00. Restaurants that maintain strong returns on investment over time can sustain high valuations and benefit investors, said the analyst. Similar to top-performing peers Chipotle Mexican Grill Inc and Texas Roadhouse Inc, CAVA has built a successful model that balances customer value with strong financial growth. Amid concerns over consumer spending, CAVA's s ...