Bullish Analyst Outlook

Market reaction was positive; shares jumped 6 % in after‑hours trading, pushing CAVA’s market cap to $9.3 billion. Jefferies lifted its price target to $95 from $85, citing strong same‑store sales momentum and resilient demand amid broader industry softness. Zacks assigned a Rank #3 (Hold) with a consensus EPS estimate of $0.20 versus a $0.17 forecast. RBC Capital Markets, noting that Q2 same‑store sales growth is tracking the 9.7 % Q1 figure and that new‑store productivity, digital engagement and operational improvements are on track, retained an outperform rating and raised its price target to $105 from $100. Morgan Stanley kept an equal‑weight rating, raised its price target to $86 from $85, and described CAVA’s narrative as “bullish.” CFRA issued a hold recommendation, cutting its 12‑month target to $90, trimming 2026 EPS to $0.66 from $0.80 and 2027 EPS to $0.85 from $1.19, citing energy and food‑cost inflation as a margin drag.