1418 ET - Cava Group, like best-in-class chains Chipotle Mexican Grill and Texas Roadhouse, has had persistent growth and rising returns, according to BofA, which initiates Cava at buy with a $112 price objective. Cava is targeting 1,000 domestic restaurants, compared with 367 as of Dec. 27, but "saturation analysis suggests the country could support more than twice as many (2,200)," BofA says. "CAVA spends far less on advertising as a percent of restaurant sales than fast casual peers, suggesting the opportunity to increase awareness through marketing over time," the firm says. "As CAVA stock has sold off on concerns about consumer health - despite evidence of generally stable restaurant demand - we see a compelling buying opportunity," BofA says. Shares rise 0.6% to $86.41, but are down about 23% this year. (josh.beckerman@wsj.com)
(END) Dow Jones Newswires
March 31, 2025 14:19 ET (18:19 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。