Cava stock price recently hovered around $69

CAVA stock price recently hovered around $69.40 in midday trading, up nearly 1.2% as buyers stepped in on stronger-than-expected quarterly revenue. Analysts see short-term momentum driven by expanding store footprints and a solid same-store sales growth trend. It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them. Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Recent pullbacks toward $68 have been short-lived, with the CAVA stock price rebounding quickly on solid demand from both retail and institutional investors.