Cava Group to replace Altair in S&P 400 at open on 3/31
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 26 2025
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Acquisition Details: Siemens AG completed the acquisition of Altair Engineering on March 26.
Company Implications: This deal signifies a strategic move for Siemens in enhancing its engineering and technology capabilities.
Analyst Views on CAVA
Wall Street analysts forecast CAVA stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CAVA is 71.69 USD with a low forecast of 52.00 USD and a high forecast of 100.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
17 Analyst Rating
11 Buy
6 Hold
0 Sell
Moderate Buy
Current: 72.000
Low
52.00
Averages
71.69
High
100.00
Current: 72.000
Low
52.00
Averages
71.69
High
100.00
About CAVA
CAVA Group, Inc. is a category-defining Mediterranean fast-casual restaurant brand. The Company’s Mediterranean cuisine unites taste and health, with a menu that features chef-curated and customizable bowls and pitas. Its dips, spreads, and dressings are centrally produced and sold in grocery stores. Its menu offers a range of dietary preferences, from hearty and indulgent to vegan, vegetarian, gluten-free, dairy-free, paleo, keto, and nut-free diets. Its guests can choose a chef-curated meal or a build-your-own-bowl or pita using its 38 ingredients with over 17.4 billion combinations. It has developed a multi-channel experience that consists of in-restaurant dining, digital pick-up, drive-thru pick-up in select restaurants, delivery, catering, and consumer packaged goods offerings, fully supported by its digital infrastructure. It operates two production facilities: one in Maryland and one in Virginia. It operates in approximately 26 states and the District of Columbia.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
