Stocks making the biggest moves midday: Cava, Domino’s Pizza, Kroger, Lennar and more

Check out the companies making the biggest moves midday.

Cava Group — Shares soared 99% in midday trading during its first day as a public company. Cava Group priced its initial public offering at $22 per share and began trading Thursday at $42 per share.

SkyWest — The airline stock gained 4.51% after being upgraded by Deutsche Bank to buy from hold. The Wall Street firm said it believes there will be “significant improvement” in the company’s return on invested capital over the next two to three years. Deutsche Bank also upgraded Allegiant, which was up 1.4% in midday trading.

Domino’s Pizza — The pizza chain gained 6.46% after Stifel upgraded the stock to buy from hold. The firm said delivery sales should stabilize further while carryout sales pick up in the next year.

Kroger — Shares dropped 2.69%. On the company’s earnings call Thursday, Kroger CEO Rodney McMullen said, “The economic environment is more significantly impacting our budget-conscious shoppers.” The company reaffirmed identical sales, without fuel, and adjusted earnings-per-share guidance for the full year. Kroger also posted revenue that came in slightly below Wall Street’s expectations. Sales for the first quarter were $45.17 billion, compared with analysts’ forecast of $45.26 billion, according to FactSet.

Target — Shares of the big-box retailer jumped nearly 3.46% after Bernstein reiterated its outperform rating on the stock. The Wall Street firm said investors should buy the weakness in Target shares, which are down 15% over the past month.

Lennar — Shares of the homebuilder rose 4.41% Thursday. Lennar reported better-than-expected results for the fiscal second quarter Wednesday evening. The company said it generated $3.01 in earnings per share on $8.05 billion in revenue. Analysts were expecting $2.33 in earnings per share on $7.22 billion of revenue, according to FactSet. The company’s…