CAVA Is Lapping Every Restaurant Rival — And Its Outlook Just Got Better

Shares of CAVA Group Inc (NYSE: CAVA ) rallied in early trading on Wednesday, after the company Tuesday reported upbeat first-quarter results . The company's 2026 guidance leaves room for beats and raises throughout the year, according to TD Cowen. The CAVA Group Analyst: Analyst Andrew Charles reiterated a Buy rating and price target of $100. The CAVA Group Thesis: The company may have avoided raising the 2026 adjusted EBITDA in-line with the sales outlook to allow it to invest in "labor and digital/data, that we expect to fuel future sales beats," Charles said in the note. Check out other analyst stock ratings . Q1 Results: CAVA Group reported a sales-driven adjusted EBITDA beat, the analyst noted. The company generated same-store sales of 9.7%, beating the consensus of 6.2%, and adjusted EBITDA rose ... Full story available on Benzinga.com