Seaport Global Initiates Coverage of CAVA Group with Buy
Fintel reports that on September 16, 2026, Seaport Global initiated coverage of CAVA Group (NYSE:CAVA) with a Buy recommendation.
Prior to this rating action, CAVA Group's stock closed at $49.99 on September 15, 2026. The stock has experienced a price change of -16.88% over one week, relative to a baseline close of $60.14 on September 8, 2026. Over a one-month period, the price change was -32.83% from a baseline close of $74.42 on August 14, 2026.
As of September 15, 2026, the current consensus target mean for the stock is $90.51, and the current consensus target median is $92.82. This mean target represents an implied change of +81.06% from the pre-action close of $49.99. The prior consensus target mean was also $90.51 as of August 28, 2026, representing a consensus target revision of 0.00%.
In its latest earnings report on August 11, 2026, CAVA Group reported actual earnings per share (EPS) of 0.19, compared to the analyst estimate of 0.186, representing an EPS surprise of +2.15%. The company's actual revenue was $368,436,000.00, exceeding the estimated revenue of $367,741,232.00.
According to the company's Form EX-99.1 filing dated August 11, 2026, CAVA Group reaffirmed its fiscal full-year 2026 guidance, projecting 75 to 77 net new CAVA restaurant openings, same restaurant sales growth of 4.5% to 6.5%, and a CAVA restaurant-level profit margin of 23.7% to 24.3%. The filing also projected pre-opening costs of $22.0 to $22.5 million and adjusted EBITDA of $181.0 to $191.0 million. Additionally, the company's Form 10-Q filed on August 12, 2026, lists its principal executive offices at 14 Ridge Square NW, Suite 500, Washington, DC 20016.
As of the September 1, 2026 recommendation period, the aggregate analyst sentiment shows 10 strong buy, 13 buy, 12 hold, 0 sell, and 0 strong sell recommendations, totaling 35 recommendations. This represents 65.7% positive recommendations and 34.3% hold recommendations. In the prior period ending August 1, 2026, the total of 35 recommendations consisted of 10 strong buy, 13 buy, 11 hold, 0 sell, and 1 strong sell recommendations, which represented 65.7% positive, 31.4% hold, and 2.9% negative recommendations.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| September 16, 2026 | Seaport Global | Buy | initiated coverage |
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This story originally appeared on Fintel.