CAVA's Traffic-Driven Growth, Price Discipline Is Better Than Broader Market: Analyst
B Of A Securities analyst Sara Senatore increased the price forecast for CAVA Group, Inc. (NYSE:CAVA) from $112 to $121 while reiterating a Buy rating. On Friday, CAVA’s first-quarter revenue increased 28.2% year-over-year to $331.83 million, beating the consensus estimate of $326.88 million, and adjusted EPS of 22 cents, beating analyst estimates of 14 cents. CAVA expects full-year same-restaurant sales (SSS) growth to be between 6% and 8%, unchanged from prior guidance. Also Read: CAVA On Trac