Cava Group shareholders approve board nominees and executive pay at annual meeting

Cava Group, Inc. (NYSE:CAVA), the Mediterranean fast-casual restaurant chain currently valued at $8.58 billion, held its annual meeting of stockholders on Friday, with shareholders approving all proposals presented by the company, according to a press release statement based on a recent SEC filing. According to InvestingPro data, the company maintains strong fundamentals with a GOOD overall financial health score, despite its stock trading near 52-week lows.

Shareholders elected three Class II directors—Benjamin Felt, Ronald Shaich, and Theodoros Xenohristos—to the board of directors. Felt received 59,700,633 votes in favor and 17,225,656 votes withheld. Shaich received 58,761,776 votes in favor and 18,164,513 votes withheld. Xenohristos received 67,439,019 votes in favor and 9,487,270 votes withheld. All three will serve until the 2028 annual meeting or until their successors are elected and qualified. The board will oversee a company that has demonstrated strong revenue growth of 32% in the last twelve months, according to InvestingPro analysis.

The meeting also included an advisory vote on executive compensation. Stockholders approved the compensation of the company’s named executive officers, with 70,325,814 votes for, 6,444,156 against, and 156,319 abstentions.

In addition, shareholders voted on the frequency of future advisory votes regarding executive compensation. The majority supported holding such a vote annually, with 76,390,770 votes for one year, 143,876 for two years, 292,659 for three years, and 98,984 abstentions. In line with this outcome, the board determined that future non-binding votes on executive compensation will be held every year until the next vote on frequency or until the board decides otherwise.

Finally, stockholders ratified the appointment of Deloitte & Touche LLP as the company’s independent registered public accounting firm for the fiscal year ending December 28, 2025. The ratification received 93,840,670 votes for, 132,134 against, and 126,156 abstentions.

All information in this article is based on a press release statement and details from the company’s filing with the Securities and Exchange Commission.

In other recent news, CAVA Group Inc . reported strong first-quarter financial results for 2025, surpassing both internal and consensus estimates. The company achieved an adjusted EBITDA of $44.9 million, which is a significant increase from the previous year’s $33.3 million. Additionally, CAVA’s adjusted earnings per share (EPS) came in at $0.22, exceeding both Loop Capital’s forecast of $0.17 and the consensus estimate of $0.14. Consolidated revenues for the first quarter reached $329 million, marking a 28% year-over-year increase, surpassing expectations from Loop Capital and the consensus.

Stifel maintained its Buy rating on CAVA, reiterating a $175 price target, while noting the company’s solid comparable store sales growth of 10.8%, which exceeded their expectations. JPMorgan also lifted its price target to $115, maintaining an Overweight rating, citing CAVA’s potential for significant expansion in the U.S. and its ability to generate free cash flow. Meanwhile, Bernstein reiterated an Outperform rating with a $115 price target, highlighting the company’s effective supply chain management and strong performance across various segments.

Loop Capital maintained a Hold rating with a $100 price target, despite CAVA’s robust financial performance. Stifel lowered its price target to $125 but kept a Buy rating, noting difficult comparisons due to last year’s product launches. The firm remains confident in CAVA’s long-term growth potential, emphasizing factors like average unit volume growth and margin expansion.

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