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

CAVA Group, Inc. (NYSE:CAVA) has earned an average recommendation of “Moderate Buy” from the sixteen research firms that are currently covering the company, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $143.80.

Several research firms have recently issued reports on CAVA. Citigroup raised their price objective on CAVA Group from $140.00 to $163.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. William Blair reaffirmed an “outperform” rating on shares of CAVA Group in a research note on Wednesday, November 13th. Loop Capital raised their price objective on CAVA Group from $122.00 to $147.00 and gave the company a “hold” rating in a research note on Thursday, November 14th. Morgan Stanley raised their price objective on CAVA Group from $123.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, November 14th. Finally, TD Securities raised their price target on CAVA Group from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th.

CAVA Group Price Performance

NYSE CAVA opened at $124.05 on Monday. The stock has a market capitalization of $14.21 billion, a PE ratio of 269.67 and a beta of 2.93. The business has a 50 day simple moving average of $137.67 and a two-hundred day simple moving average of $113.38. CAVA Group has a 1-year low of $39.05 and a 1-year high of $172.43.

CAVA Group (NYSE:CAVA) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.04. The business had revenue of $243.82 million during the quarter, compared to analyst estimates of $233.05 million. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The company’s revenue for the quarter was up 38.9% on a year-over-year basis. During the same period last year, the company earned $0.06 EPS. On average, analysts anticipate that CAVA Group will post 0.5 EPS for the current fiscal year.

Insider Buying and Selling at CAVA Group

In other news, Director Ronald M. Shaich sold 622,549 shares of CAVA Group stock in a transaction on Monday, December 9th. The stock was sold at an average price of $149.40, for a total value of $93,008,820.60. Following the transaction, the director now directly owns 6,307 shares in the company, valued at approximately $942,265.80. This trade represents a 99.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Karen Kochevar sold 15,000 shares of CAVA Group stock in a transaction on Friday, November 15th. The shares were sold at an average price of $140.00, for a total value of $2,100,000.00. Following the completion of the transaction, the director now owns 1,307 shares in the company, valued at $182,980. This represents a 91.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 652,549 shares of company stock valued at $97,242,271 in the last ninety days. Corporate insiders own 12.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Brookstone Capital Management purchased a new position in CAVA Group during the 2nd quarter worth $856,000. Raymond James & Associates grew its stake in CAVA Group by 120.1% during the 2nd quarter. Raymond James & Associates now owns 170,791 shares of the company’s stock valued at $15,841,000 after purchasing an additional 93,177 shares during the last quarter. PSI Advisors LLC grew its stake in CAVA Group by 57.1% during the 2nd quarter. PSI Advisors LLC now owns 1,453 shares of the company’s stock valued at $135,000 after purchasing an additional 528 shares during the last quarter. &PARTNERS purchased a new stake in CAVA Group during the 2nd quarter valued at about $473,000. Finally, West Oak Capital LLC purchased a new stake in CAVA Group during the 2nd quarter valued at about $81,000. 73.15% of the stock is currently owned by hedge funds and other institutional investors.

CAVA Group Company Profile

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.