Cava Group, Inc. (NYSE:CAVA) receives a new price target of $140 from Citigroup, indicating confidence in its market performance. The company's stock has seen a 68.5% surge over the past three months, outperforming industry peers and the broader market. CAVA is expected to report an EPS of $0.11 and revenue of $234.45 million in its upcoming earnings release, highlighting its robust growth trajectory. Cava Group, Inc. (NYSE:CAVA) is a prominent player in the fast-casual dining sector, known for its Mediterranean-inspired menu. The company has been making waves with its innovative offerings and strategic market expansions. Competing with industry giants like Chipotle Mexican Grill, Inc. and Domino's Pizza, Inc., CAVA has managed to carve out a significant niche for itself. On October 29, 2024, Jon Tower from Citigroup set a new price target for CAVA at $140, a slight increase from its current stock price of $138.47. This adjustment from a previous target of $115, as reported by TheFly, reflects growing confidence in CAVA's market performance. The stock's recent momentum, highlighted by Zacks Investment Research, supports this optimism. CAVA's stock closed at $138.65, marking a 1.53% increase from its previous close. This performance outpaced the S&P; 500's gain of 0.22% and the Dow's decline of 0.33%. Over the past month, CAVA's shares have risen by 7.66%, outperforming the Retail-Wholesale sector's decline of 0.42% and the S&P; 500's gain of 1.47%. This strong performance is attributed to menu innovations and market expansion. Investors are eagerly awaiting CAVA's earnings release on November 12, 2024. The company is expected to report an EPS of $0.11, an 83.33% growth from the same quarter last year. Revenue is projected to reach $234.45 million, a 33.55% increase from the previous year's quarter. These figures underscore CAVA's robust growth trajectory. CAVA's stock has surged by 68.5% over the past three months, significantly outperforming its industry peers and the broader market. The company's market capitalization stands at approximately $15.83 billion, with a trading volume of 1,912,652 shares. Technical indicators suggest continued strong performance, as the stock trades above its 50-day moving average, indicating robust market confidence.