Cava Group Shares Plunge to Record Low Amid Growth Concerns

Cava Group, the restaurant chain operator, is confronting a significant downturn as its stock value hits a fresh 52-week low. This steep decline follows a disappointing quarterly earnings report and a wave of downward revisions from market analysts, raising questions about the underlying causes for the erosion in investor confidence.

The financial community responded swiftly to the company’s latest results. Several major institutions have slashed their price targets for Cava Group’s stock:

• Barclays adjusted its target down to $52
• KeyBanc reduced its forecast to $65
• UBS made two separate downward revisions
• RBC Capital Markets lowered its target to $70

While a majority Read more...