Shares of CAVA Group, Inc. (NYSE:CAVA – Get Free Report) have received an average recommendation of “Moderate Buy” from the sixteen brokerages that are covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $142.13.
Several equities research analysts recently commented on CAVA shares. JPMorgan Chase & Co. boosted their price objective on shares of CAVA Group from $90.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. TD Cowen upped their price objective on CAVA Group from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Piper Sandler lifted their target price on CAVA Group from $100.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Morgan Stanley upped their price target on CAVA Group from $123.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 14th. Finally, Stifel Nicolaus lifted their price objective on shares of CAVA Group from $118.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, November 13th.
Get Our Latest Stock Report on CAVA
Insider Activity at CAVA Group
Institutional Investors Weigh In On CAVA Group
Hedge funds and other institutional investors have recently made changes to their positions in the business. Nemes Rush Group LLC acquired a new position in CAVA Group in the 2nd quarter valued at $28,000. Mark Sheptoff Financial Planning LLC acquired a new position in CAVA Group in the second quarter valued at about $36,000. Headlands Technologies LLC bought a new stake in CAVA Group during the second quarter worth about $37,000. GAMMA Investing LLC grew its stake in CAVA Group by 68.3% during the third quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock worth $38,000 after buying an additional 125 shares in the last quarter. Finally, Sunbelt Securities Inc. acquired a new stake in CAVA Group during the third quarter worth about $50,000. 73.15% of the stock is currently owned by institutional investors and hedge funds.
CAVA Group Trading Up 0.5 %
Shares of CAVA Group stock opened at $115.19 on Friday. The stock’s fifty day simple moving average is $130.59 and its 200 day simple moving average is $116.79. The company has a market capitalization of $13.20 billion, a PE ratio of 250.41 and a beta of 3.21. CAVA Group has a 12 month low of $41.61 and a 12 month high of $172.43.
CAVA Group (NYSE:CAVA – Get Free Report) last issued 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. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The business had revenue of $243.82 million during the quarter, compared to analyst estimates of $233.05 million. During the same period in the previous year, the firm earned $0.06 EPS. CAVA Group’s quarterly revenue was up 38.9% compared to the same quarter last year. Analysts predict that CAVA Group will post 0.5 EPS for the current fiscal year.
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.
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