Movement Alert|CAVA Group Inc. Rises 5.04% in Regular Trading on Melius Upgrade to Buy with $95 Target

Market Focus
3 hours ago

On October 9, CAVA Group Inc. rose 5.04% in regular trading, trading at $54.6101/share, with turnover of $136 million. The gain was driven by Melius upgrading the stock to Buy from Hold with a price target of $95, well above the FactSet consensus average of $87.51.

Within the Restaurants sector, Chipotle Mexican Grill gained 7.21%, McDonald's rose 2.82%, Yum Brands advanced 2.33%, DoorDash edged up 0.35%, while Starbucks fell 1.22%. CAVA Group owns and operates a chain of Mediterranean restaurants, offering salads, dips, spreads, toppings, and dressings through grocery stores and online ordering.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10