Cava Group price target raised to $100 from $90 at Wedbush

Wedbush raised the firm’s price target on Cava Group to $100 from $90 and keeps an Outperform rating on the shares. The firm’s Q2 checks point to same-store sales growth trending above consensus and sees multiple drivers of SSS growth upside in 2H24 and 2025 in place, the analyst tells investors in a research note. Wedbush views current AEBITDA and margin expectations as conservative.