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0.000100867460157405 -0.00010691950776676 -0.000100867460157261 0.00100867460157362 0.000605204760944142 0.00161387936251776 0.00170466007665938 0.00161387936251776
Stock impact report

JP Morgan upgrades Cava on strong expansion potential [Yahoo! Finance]

Starbucks Corporation (SBUX) 
Last starbucks corporation earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.starbucks.com/ir-home/default.aspx
Company Research Source: Yahoo! Finance
JPM raised its price target to $110. Brokerage noted Cava's ability to grow beyond its initial IPO target of 1,000 units and potentially reach 2,000-3,500 units by 2043. “Cava has significant US white space for expansion from its already multi-market success,” JPMorgan said, adding that the company is generating FCF unusually early and has operational initiatives to drive both sales and profits. JP Morgan noted Cava's target AUV per store margins at $3.9-$4.2 million with 27.0%-27.5% profitability, supporting a long-term growth trajectory. There is stock volatility across the restaurant sector has created buying opportunities, recommending fresh investments in Cava, Starbucks (NASDAQ:SBUX), and Dutch Bros. JPM sees “good-enough valuations” for McDonald's (NYSE:MCD) and Restaurant Brands International (NYSE:QSR), but suggested waiting for better entry points due to slowing US data and international unit growth. Same store sales at Dutch Bros, Domino's, and Taco Bell were tra Show less Read more
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