Cava Group price target raised to $92 from $90 at Baird

Baird raised the firm’s price target on Cava Group to $92 from $90 and keeps an Outperform rating on the shares. The firm said they delivered another quarter of very strong operating results that included meaningful upside to EBITDA estimates on respectable comps performance. Baird remains constructive on the shares based on the company’s scarce long-term growth opportunity as well as the continued upward bias to near-term estimates.