CAVA Group, Inc.
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Range $58 – $106
Price Chart
About the company
CAVA Group, Inc. is a company that oversees and runs a chain of Mediterranean restaurants. Their culinary offerings encompass a range of salads, savory dips, spreads, various toppings, and distinctive dressings.
- CEO
- Brett Schulman
- IPO
- 2023
- Employees
- 13,480
- HQ
- Washington, DC, US
AI snapshot
Six angles, distilled from the data.
The stock remains in a clear downtrend after a sharp reset from its 52-week high, still trading well below both the 50-day and 200-day moving averages. That leaves the setup in a damaged-but-oversold regime, with the next test centered on whether it can stabilize above the mid-40s to low-50s base.
Wall Street stays constructive, with a Buy consensus and a $88.89 average target versus a much lower share price. The recent pattern is mixed but still supportive: several firms trimmed targets after results, while new coverage and multiple Buy/Overweight calls kept the long-term growth story intact.
The earnings tape has been favorable, with 5 beats in the last 7 quarters and three straight beats before the next report. Next-year EPS is modeled to rise to 0.7438 from 0.56 TTM, so shareholders should watch whether revenue growth and margin discipline keep supporting that path.
Recent insider activity leans positive on discretionary buying, led by a 6,500-share purchase from the COO and a 1,000-share buy from the CLO and Secretary. Most of the other activity is award, gift, or exempt-related and carries less signal than the open-market buys.
Profitability is solid for a growth restaurant name, with gross margin at 37.7%, operating margin at 7.62%, and net margin at 4.82%. Growth remains strong too, with revenue up 31.3% year over year and earnings up 19.8%, while free cash flow reached $343.5 million in fiscal 2025.
CAVA still screens as a premium restaurant concept, and the valuation reflects that with a 96.29 P/E. The setup favors a growth premium versus peers, but execution must keep pace with the multiple as the stock works through a post-rerating reset.
Similar companies
Peers in the same neighborhood.
- Market Cap
- $6.30B
- P/E
- 94.51
- Fwd P/E
- 98.91
- PEG
- -1.76
- P/S
- 4.59
- P/B
- 7.50
- EV/EBITDA
- 38.27
- Div Yield
- 0.00%
- Gross Margin
- 20.16%
- Op Margin
- 6.78%
- Net Margin
- 4.82%
- ROE
- 8.28%
- ROIC
- 5.19%
Latest fiscal year · YoY change
- Revenue
- $1.18B+22.4%
- Gross Profit
- $216.81M-10.3%
- Op Income
- $79.34M
- Net Income
- $63.74M-51.1%
- EPS
- $0.55-51.8%
- OCF Growth
- +14.8%
- FCF Growth
- -50.6%
- 52W High
- $98.79
- 52W Low
- $43.41
- 50D MA
- $61.41
- 200D MA
- $72.30
- Beta
- 1.74
- RSI (14)
- 42
- Avg Volume
- 3.49M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
CAVA delivered another strong quarter with 31.3% revenue growth, 9% same-store sales, and continued restaurant expansion, while reaffirming full-year guidance despite temporary food-safety-related traffic pressure.· August 11, 2026
- Revenue rose 31.3% to $365.4 million; same-restaurant sales increased 9% on 5.3% traffic.
- Opened 17 net new restaurants and ended Q2 with 476 locations, up 19.6% year over year.
- Adjusted EBITDA increased 30% to $54.7 million; net income was $23 million and diluted EPS was $0.19.
- Management said Cyclospora-related pressure hurt sales in July but trends recovered to mid-single digits most recently.
- Full-year guidance was reiterated, with 75 to 77 net new openings and $181 million to $191 million of adjusted EBITDA.
- New offerings and operating initiatives, including Salmon, pre-marinated chicken, AGM rollout, and loyalty changes, are aimed at supporting growth and guest experience.
CAVA revenue in Q2 2026 increased 31.3% year over year to $365.4 million. Same-restaurant sales grew 9%, driven by 5.3% traffic growth. Net income was $23 million versus $18.4 million in Q2 2025, and diluted EPS was $0.19 versus $0.16 last year. Adjusted EBITDA was $54.7 million, up 30% year over year. Restaurant-level profit was $93.8 million, or 25.7% of revenue, versus $73.3 million, or 26.3% of revenue, last year. The company ended Q2 with 476 restaurants after 17 net new openings, and systemwide AUVs were $3.1 million. Full-year 2026 guidance was reiterated for 75 to 77 net new openings, same-restaurant sales of 4.5% to 6.5%, restaurant-level profit margin of 23.7% to 24.3%, preopening costs of $22 million to $22.5 million, and adjusted EBITDA of $181 million to $191 million. Management said same-store sales were impacted by Cyclospora concerns earlier in Q3, but trends improved sequentially and most recently recovered to mid-single digits.
Brett Schulman framed the quarter as proof that CAVA’s brand, value proposition, and unit economics remain strong. He emphasized broad-based demand for Mediterranean food, strong new-restaurant productivity above 100%, and the company’s long runway for national expansion, including planned entries into Las Vegas and the Bay Area. His tone was optimistic but measured, repeatedly stressing long-term investing in people, operations, and guest experience rather than chasing short-term fixes.
Tricia Tolivar highlighted the core financial drivers: $365.4 million of revenue, 9% comps, $54.7 million of adjusted EBITDA, and $44.8 million of year-to-date free cash flow. She noted restaurant-level margin was 25.7%, with food, beverage, and packaging costs at 30% of revenue, up 50 basis points due largely to Salmon input costs, and labor at 25.3% of revenue, up 30 basis points after a 3% wage investment. Cash and liquidity were strong, with $435.6 million in cash and investments, no debt, and a $150 million undrawn revolver; equity-based compensation is expected to be $22 million to $24 million for the full year, and cash taxes should remain immaterial until NOLs are used up.
Analysts pressed on whether the back-half guidance implies a rebound or more caution around food-safety headlines, and Tricia said the low end assumes slightly negative comps while the high end is mid-single digits; she added nothing in current trends suggests the low end, but guidance remains prudent. Questions also focused on margins, marketing, and new unit productivity: management said marketing spend can rise over time if returns justify it, and new openings continue to outperform across geographies. On food safety and operations, Brett said CAVA is not making major new changes beyond its existing advisory council and traceability systems, while pre-marinated chicken is being rolled out to reduce kitchen complexity and give teams more time for hospitality. Analysts also asked about loyalty, catering, and the AGM rollout; management said loyalty membership is growing faster than restaurant count, catering is moving to a second market test later this fall, and AGMs are now in 70% of the fleet with early improvements in satisfaction and speed of service.
The bull case from this call is that CAVA is still growing quickly while proving it can scale with strong economics: 31.3% revenue growth, 9% comps, and strong new-unit productivity above 100%. Management sounded confident that brand demand remains broad-based, loyalty is scaling, and operational initiatives like AGM rollout, pre-marinated chicken, and CAVA Core/Current can improve execution over time. The company also has a strong balance sheet and positive free cash flow, giving it room to invest.
The main risks raised were temporary same-store sales pressure from broader food-safety concerns, plus ongoing cost inflation from Salmon, fuel surcharges, and wage investments. Restaurant-level margin is expected to stay under pressure in the back half of the year, and management said Q4 seasonality typically brings about 300 basis points of margin decline versus Q3. Analysts also pushed on whether heavier marketing or delivery mix could be needed to sustain traffic, suggesting some dependence on additional investment if consumer trends soften.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 92.4%
- Shares Outstanding
- 116.47M
- Float Shares
- 107.58M
of shares held by institutions
564 13F filers
Buy/sell ratio 4.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Blackrock, Inc. | 9.65M | ▲ 77.94K |
| Vanguard Group Inc | 9.22M | ▼ 124.70K |
| Alliancebernstein L.P. | 6.64M | ▼ 2.54M |
| Artal Group S.A. | 6.51M | ▼ 3.00M |
| Fmr LLC | 5.53M | ▼ 383.01K |
| Vanguard Capital Management LLC | 4.49M | ▲ 40.71K |
| Vanguard Portfolio Management LLC | 4.21M | ▲ 20.53K |
| State Street Corp | 3.10M | ▲ 92.63K |
| Price T Rowe Associates Inc | 3.03M | ▼ 631.24K |
| 1832 Asset Management L.P. | 2.53M | ▲ 1.01M |
| Morgan Stanley | 2.13M | ▲ 276.55K |
| Capital International Investors | 2.06M | ▼ 551.81K |
Held by 451 ETFs
Biggest fund positions in CAVA by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Sep 15, 26 | KADOW JOSEPH JOHN | buy | 1,000 |
| Sep 9, 26 | Xenohristos Theodoros | other | 16,500 |
| Sep 9, 26 | Xenohristos Theodoros | other | 16,500 |
| Aug 31, 26 | Thompson Douglas W. | buy | 6,500 |
| Aug 13, 26 | Thomas Amiee Lynn | other | 1,821 |
| Jul 29, 26 | Thomas Amiee Lynn | other | 0 |
| Jun 22, 26 | Bosserman David | other | 1,881 |
| Jun 22, 26 | SHAICH RONALD M | other | 1,881 |
| Jun 22, 26 | Amouyal Philippe | other | 1,881 |
| Jun 22, 26 | Shanahan Lauri M | other | 1,881 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our CAVA coverage
Recent articles, reports, and earnings notes.

CAVA Group (CAVA): Growth Runway vs. Rich Valuation
CAVA is delivering strong same-store sales, traffic, and unit growth, but the stock’s premium valuation leaves limited room for error. The report rates it a Hold with a fair value of $78.

CAVA Group, Inc. (CAVA) slips after deep earnings beat
CAVA Group, Inc. (CAVA) beat EPS and revenue estimates, but the stock still slipped as investors weighed mixed margin signals, higher input costs, and delivery-related expense pressure. Our deep-dive breaks down same-store sales, traffic, unit growth, and what the quarter means for the long-term expansion story.

CAVA Group, Inc. (CAVA) rises on earnings beats
CAVA Group, Inc. (CAVA) rises 9.6% after reporting earnings beats, as investors react positively to stronger-than-expected results and improved outlook.
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Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.
AI analysis · Last refreshed October 5, 2026 · Live quote · Not investment advice