CAVA Group, Inc. (NYSE:CAVA) Given Consensus Rating of “Moderate Buy” by Analysts

CAVA Group, Inc. (NYSE:CAVA) has earned a consensus rating of “Moderate Buy” from the fourteen analysts that are presently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $81.50.

A number of equities analysts recently commented on the company. Barclays raised their target price on CAVA Group from $58.00 to $72.00 and gave the company an “equal weight” rating in a report on Thursday, May 30th. JPMorgan Chase & Co. cut shares of CAVA Group from an “overweight” rating to a “neutral” rating and set a $77.00 price objective for the company. in a report on Monday, June 3rd. Wedbush increased their target price on shares of CAVA Group from $74.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, May 29th. Jefferies Financial Group raised their price target on shares of CAVA Group from $72.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Finally, Robert W. Baird upped their price objective on CAVA Group from $90.00 to $92.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 29th.

CAVA Group Stock Up 0.2 %

NYSE:CAVA opened at $92.44 on Monday. The company has a market capitalization of $10.54 billion and a P/E ratio of 225.47. CAVA Group has a 52 week low of $29.05 and a 52 week high of $97.64. The stock’s fifty day moving average is $78.66 and its two-hundred day moving average is $61.60.

CAVA Group (NYSE:CAVA) last announced its quarterly earnings results on Tuesday, May 28th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.08. CAVA Group had a net margin of 3.75% and a return on equity of 5.18%. The business had revenue of $259.01 million during the quarter, compared to analysts’ expectations of $246.02 million. CAVA Group’s quarterly revenue was up 27.5% on a year-over-year basis. Sell-side analysts anticipate that CAVA Group will post 0.34 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Theodoros Xenohristos sold 47,239 shares of CAVA Group stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $68.29, for a total transaction of $3,225,951.31. Following the completion of the sale, the director now directly owns 526,521 shares in the company, valued at approximately $35,956,119.09. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Ronald M. Shaich sold 1,231,979 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $87.25, for a total value of $107,490,167.75. Following the sale, the director now directly owns 5,000 shares in the company, valued at approximately $436,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Theodoros Xenohristos sold 47,239 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $68.29, for a total transaction of $3,225,951.31. Following the completion of the sale, the director now directly owns 526,521 shares in the company, valued at $35,956,119.09. The disclosure for this sale can be found here. Insiders sold 1,371,854 shares of company stock worth $119,163,884 in the last 90 days.

Institutional Trading of CAVA Group

Several institutional investors and hedge funds have recently modified their holdings of CAVA. Montag A & Associates Inc. purchased a new stake in shares of CAVA Group in the fourth quarter valued at $26,000. PNC Financial Services Group Inc. raised its stake in CAVA Group by 190.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 870 shares of the company’s stock valued at $27,000 after purchasing an additional 570 shares during the last quarter. CWM LLC lifted its holdings in CAVA Group by 101.2% in the 1st quarter. CWM LLC now owns 505 shares of the company’s stock valued at $35,000 after purchasing an additional 254 shares in the last quarter. American International Group Inc. boosted its stake in shares of CAVA Group by 194.2% during the 1st quarter. American International Group Inc. now owns 709 shares of the company’s stock worth $50,000 after purchasing an additional 468 shares during the last quarter. Finally, PSI Advisors LLC grew its holdings in shares of CAVA Group by 1,133.3% during the first quarter. PSI Advisors LLC now owns 925 shares of the company’s stock worth $65,000 after buying an additional 850 shares in the last quarter. Hedge funds and other institutional investors own 73.15% of the company’s stock.

About CAVA Group

CAVA Group, Inc owns and operates a chain of restaurants under the CAVA brand in the United States. The company also offers dips, spreads, and dressings through grocery stores. In addition, the company provides online and mobile ordering platforms. Cava Group, Inc was founded in 2006 and is headquartered in Washington, the District of Columbia.