CAVA Unveils $100 Million Stock Buyback Program

CAVA Group, Inc. (NYSE:CAVA) stock rose in Friday premarket trading after the fast-casual restaurant chain approved a $100 million share repurchase program.CAVA Authorizes $100 Million BuybackCAVA Group’s board authorized a share repurchase program of up to $100 million, running through Sept. 17, 2027.The company may buy shares through open-market transactions, privately negotiated deals, or Rule 10b5-1 plans, depending on market conditions.It will fund repurchases with existing liquidity and operating cash flow, while retaining flexibility to modify or end the program.The $100 million authorization adds shareholder returns alongside continued store expansion.The company held $322.763 million in cash and cash equivalents and had zero debt as of July 12, 2026.Technical Trend Remains Under PressureDespite Friday’s premarket gain, the stock remains below its key 20-day, 50-day, 100-day, and 200-day moving averages.The 20-day average remains below the 50-day average, while the death cross formed in August — when the 50-day average dropped below the 200-day average — remains intact.MACD is also below its signal line with a negative histogram, indicating weak near-term momentum.Resistance sits near $56, while support is around $51.Analysts Remain Bullish Despite Recent WeaknessThe stock carries a Buy consensus rating with an average price target of $87.81. Analyst targets range from $58 to $110 across 39 analysts.RBC Capital maintained an Outperform rating Wednesday while lowering its target to $85. Seaport Global initiated coverage Tuesday with a Buy rating and $58 target. DA Davidson lowered its target to $75 in August while maintaining a Neutral rating.CAVA Price ActionCAVA Stock Price Activity: CAVA shares were up 3.30% at $52.70 in Friday premarket trading, according to Benzinga Pro data.Photo via Shutterstock Read Also: CAVA Shakes Off Food-Safety Scare As Analyst Says Business Is ‘Firing On All Cylinders