Cava Group, based in Washington, D.C., operates approximately 309 fast-casual CAVA restaurants serving Mediterranean cuisine and went public on June 15, 2023. The menu caters to various dietary preferences and offers customizable options.
CAVA has been in the news recently: JPMorgan analyst John Ivankoe upgraded Cava Group to an overweight rating, predicting a 35.8% increase in stock price to a target of $110 due to its significant expansion potential and early cash flow generation. This upgrade comes despite a cautious outlook from the Federal Reserve.
📡️ Consumer Discretionary
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