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CAVA's Traffic-Driven Growth, Price Discipline Is Better Than Broader Market: Analyst
Summary
B Of A Securities analyst increased CAVA Group's price forecast from $112 to $121, while reiterating a Buy rating. CAVA's Q1 revenue and EPS beat analyst estimates. CAVA expects 6-8% SSS growth and plans to open 1,000 restaurants by 2032. BofA projects FY25 SSS growth at 7.4% with RLM of 25.3%.
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Read Full ArticleArticle published on May 19, 2025 by benzinga