Cava Group price target lowered to $100 from $147 at Loop Capital

Loop Capital lowered the firm’s price target on Cava Group (CAVA) to $100 from $147 and keeps a Hold rating on the shares. The company reported “impressive” Q4 results and the stock deserves to trade at a substantial premium to its peer group average given the company is in the early stages of its unit growth story, has an impressive same-store sales growth profile and possesses a unique Mediterranean-style fast-casual concept, the analyst tells investors in a research note. Loop adds however that these positive attributes are reflected in the company’s current valuation.