Cava Group Analysts Cut Their Forecasts After Weaker-Than-Expected Q3 Results

Core Insights - CAVA Group, Inc. reported weaker-than-expected third-quarter earnings, with earnings of 12 cents per share, missing the consensus estimate of 13 cents, and quarterly revenue of $292.23 million, falling short of the Street estimate of $292.8 million [1] - Following the earnings announcement, CAVA Group shares declined by 1.7%, closing at $51.70 [2] Analyst Ratings and Price Targets - TD Cowen analyst Andrew M. Charles maintained a Buy rating on CAVA Group but lowered the price target from $80 to $67 [4] - Keybanc analyst Christopher Carril also maintained an Overweight rating while reducing the price target from $85 to $65 [4] - Stifel analyst Chris O'Cull kept a Buy rating on CAVA Group and decreased the price target from $100 to $75 [4]