Northcoast Research upgraded CAVA Group to neutral from sell on Thursday.
Guggenheim lowered its price target to $95 from $100 while maintaining a buy rating. The firm cited margin pressures from new menu items, wage investments, and delivery fees.
Bank of America reduced its price target to $107 from $110.
These adjustments follow a second-quarter report where CAVA surpassed revenue and earnings estimates. The company reported same-restaurant sales growth of 9%.
Analysts highlighted the company's resilience following recent food-safety concerns across the broader industry.