Cava’s Only Bearish Analyst Says 123% Rally Has Gone Too Far
A Cava restaurant in the Brooklyn borough of New York.
Photographer: Gabby Jones/BloombergA rally that’s more than doubled shares of Mediterranean fast-casual chain Cava Group Inc. in five months has gone too far, according to its new lone bear on Wall Street.
Northcoast Research analyst Jim Sanderson initiated coverage of the restaurant operator this week with a sell rating and a Street-low $63 price target, a day after Cava shares closed at $97.39, the highest level since May 2025, capping a more than 120% run from a late November trough. Sanderson’s target implies a more than 32% decline from where the stock closed Thursday.