Cava Group Posts Q3 Beat: 'Notable Tangible Sales Drivers,' Analysts Say, Raise Forecasts
CAVA (CAVA) Benzinga·2024-11-14 03:06
CAVA Group Inc CAVA shares were climbing on Wednesday after the company reported upbeat third-quarter earnings.The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.TD Cowen On Cava GroupAnalyst Andrew Charles maintained a Buy rating, while raising the price target from $130 to $150.Cava Group reported its third-quarter adjusted EBITDA at $33.5 million, higher than the consensus of $29 million, with the beat being "primarily sales driven," which flowed throug ...