Cava Group price target raised to $72 from $58 at Barclays

Barclays raised the firm’s price target on Cava Group to $72 from $58 and keeps an Equal Weight rating on the shares. The company’s Q1 offered upside to comp, margin and ultimately EBITDA, the analyst tells investors in a research note. The firm says the margin and EBITDA guide were raised to reflect the Q1 beat, though appears conservative.