Melius Research Upgrades CAVA Group to Buy from Hold
Fintel reports that on October 8, 2026, Melius Research upgraded their outlook for CAVA Group (NYSE:CAVA) from Hold to Buy.
Prior to this action, the stock closed at $52.07 on October 7, 2026. CAVA Group has experienced a price change of -3.75% over one week, relative to a baseline close of $54.10 on September 30, 2026. Over a one-month period, the stock saw a price change of -14.30% from a baseline close of $60.76 on September 4, 2026.
Separately from Melius Research's individual rating, the current consensus target mean for the stock was $88.94 as of October 2, 2026, representing an implied change of +70.80% from recent levels. The current consensus target median was $91.80 on that same date. This is a shift from the prior consensus target mean of $90.51 recorded on September 15, 2026, reflecting a consensus target revision of -1.74%. In terms of aggregate analyst recommendations, the current period starting September 1, 2026, shows a total of 35 recommendations, consisting of 10 strong buy, 13 buy, 12 hold, 0 sell, and 0 strong sell ratings. This results in a positive percentage of 65.7%, a hold percentage of 34.3%, and a negative percentage of 0.0%. In the prior period starting August 1, 2026, there were 10 strong buy, 13 buy, 11 hold, 0 sell, and 1 strong sell ratings, totaling 35 recommendations.
CAVA Group reported its latest earnings on August 11, 2026, with an actual EPS of 0.19 compared to an estimate of 0.186, representing an EPS surprise of +2.15%. The company's actual revenue was $368,436,000.00, exceeding the estimated revenue of $367,741,232.00. The upcoming earnings date is scheduled for November 2, 2026. Other recent analyst actions include JP Morgan maintaining an Overweight rating on September 18, 2026, RBC Capital maintaining an Outperform rating on September 17, 2026, and Seaport Global initiating coverage with a Buy rating on September 16, 2026.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| October 8, 2026 | Melius Research | Hold | Buy | upgrade |
| September 18, 2026 | JP Morgan | Overweight | Overweight | maintained |
| September 17, 2026 | RBC Capital | Outperform | Outperform | maintained |
| September 16, 2026 | Seaport Global | Buy | initiated coverage |
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This story originally appeared on Fintel.