UBS Cuts CAVA Price Target to $85

UBS maintained its Buy rating on CAVA Group, Inc. NYSE:CAVA on October 22, 2026, while adjusting its price target down to $85.00 from $90.00. The update arrived through a research note from the firm as the restaurant operator's shares traded near $54.66. Even with the reduced target, the firm continues to back the company's long-term outlook.

CAVA CAVA Group, Inc.

$53.90 ▼ -10.98% year to date

1M 3M YTD

Daily close · Oct 22, 2026

UBS's Call on CAVA Group

In its research note on October 22, 2026, UBS kept a Buy rating on CAVA Group while lowering its price target from $90.00 to $85.00. The adjustment places the target below the company's 52-week high of $98.79 but still leaves room above recent trading levels. The stock closed at $54.68 on the day of the announcement.

Other Institutional Activity in CAVA Group

Alliancebernstein L.P. reduced its holdings by 2,542,540 shares, ending with 6,642,936 shares worth about $363.2 million as of June 30, 2026. Artal Group S.A. cut its stake by 2,999,665 shares, finishing with 6,507,990 shares valued at about $355.9 million. Meanwhile, 1832 Asset Management L.P. grew its holdings by 1,006,311 shares, ending with 2,525,500 shares worth about $138.1 million.

CAVA Group, Inc. Stock Down 4.9%

Shares recently traded around $54.66 as of October 22, 2026, matching the closing price of $54.68 on that day. The stock sits below its 50-day moving average of $58.96 and its 200-day moving average of $72.04. It trades down about 44.7% from its 52-week high of $98.79 and up about 25.9% from its 52-week low of $43.41.

Recent Earnings

The company reported trailing twelve-month revenue of $1.37 billion alongside earnings of $0.55 per share. Profitability metrics include a net profit margin of 4.8% and a return on equity of 8.3%. Year-over-year revenue growth reached 31.3%. The company's next earnings report is scheduled for November 4, 2026.

Dividend

CAVA Group does not pay a dividend, maintaining a payout ratio of 0.0% and a dividend yield of 0.0%. The company directs its earnings back into growing its restaurant footprint and expanding retail distribution for its dips and spreads.

Insider Buying and Selling at CAVA Group, Inc.

Officer Kelly Costanza disposed of 15,360 shares on June 17, 2026, for a total value of about $1.4 million. Director Karen Kochevar sold 10,000 shares at $90.00 each on June 18, 2026, totaling $900,000. Chief Operating Officer Douglas W Thompson bought 6,500 shares at $66.52 on August 31, 2026, worth $432,380. Officer Joseph John Kadow acquired 1,000 shares at $49.96 on September 15, 2026, totaling $49,960.

Analysts Set New Price Targets

JP Morgan maintained an overweight rating and cut its price target from $85.00 to $80.00 on September 18, 2026. Melius Research upgraded the stock to a buy rating with a $95.00 target on October 8, 2026. TD Cowen maintained a buy rating and lowered its target from $85.00 to $78.00 on October 21, 2026. Citigroup maintained a neutral rating and trimmed its target from $79.00 to $66.00 on October 22, 2026. Wall Street analysts hold a consensus buy recommendation on the stock with a mean price target of $83.38.

About CAVA Group

CAVA Group, Inc. operates a fast-casual restaurant chain serving Mediterranean-inspired dishes across the United States. The Washington, D.C.-based business also packages and sells popular dips, spreads, and dressings through retail grocery channels. Founded in 2006, the company combines physical dining locations with digital mobile ordering platforms to reach its customers.

Bottom Line

UBS continues to recommend the stock even after reducing its target to $85.00. Investors will watch the upcoming earnings release on November 4, 2026, for further insight into same-store sales and consumer demand.