TD Securities Increases CAVA Group (NYSE:CAVA) Price Target to $130.00

CAVA Group (NYSE:CAVA) had its target price boosted by TD Securities from $115.00 to $130.00 in a report released on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 1.94% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. Barclays boosted their target price on shares of CAVA Group from $72.00 to $95.00 and gave the company an “equal weight” rating in a research report on Friday, August 23rd. TD Cowen raised their target price on CAVA Group from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Monday. Citigroup increased their price target on CAVA Group from $93.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, August 23rd. Piper Sandler downgraded CAVA Group from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $63.00 to $92.00 in a report on Thursday, May 30th. Finally, Argus lifted their price target on shares of CAVA Group from $104.00 to $128.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $114.15.

CAVA Group Trading Down 0.6 %

NYSE:CAVA traded down $0.75 during mid-day trading on Tuesday, hitting $127.52. 659,544 shares of the company’s stock were exchanged, compared to its average volume of 2,818,697. The firm has a market capitalization of $14.54 billion, a P/E ratio of 310.44 and a beta of 3.34. The company has a 50 day simple moving average of $101.67 and a 200-day simple moving average of $85.83. CAVA Group has a fifty-two week low of $29.05 and a fifty-two week high of $131.82.

CAVA Group (NYSE:CAVA) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. CAVA Group had a return on equity of 7.37% and a net margin of 5.04%. The company had revenue of $233.50 million for the quarter, compared to analyst estimates of $219.47 million. During the same period in the previous year, the firm earned $0.21 earnings per share. The firm’s quarterly revenue was up 35.1% on a year-over-year basis. As a group, analysts expect that CAVA Group will post 0.43 earnings per share for the current year.

Insider Activity at CAVA Group

In related news, CEO Brett Schulman sold 201,504 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $125.53, for a total transaction of $25,294,797.12. Following the completion of the sale, the chief executive officer now owns 702,590 shares in the company, valued at $88,196,122.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other CAVA Group news, Director Theodoros Xenohristos sold 98,490 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $125.77, for a total transaction of $12,387,087.30. Following the completion of the transaction, the director now owns 424,846 shares in the company, valued at $53,432,881.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brett Schulman sold 201,504 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $125.53, for a total transaction of $25,294,797.12. Following the sale, the chief executive officer now owns 702,590 shares in the company, valued at $88,196,122.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 310,943 shares of company stock valued at $38,872,086.

Institutional Investors Weigh In On CAVA Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Jamison Private Wealth Management Inc. purchased a new stake in CAVA Group in the 2nd quarter worth approximately $28,000. Nemes Rush Group LLC purchased a new position in CAVA Group during the second quarter worth about $28,000. CWM LLC raised its holdings in shares of 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 acquiring an additional 254 shares in the last quarter. Mark Sheptoff Financial Planning LLC bought a new position in shares of CAVA Group in the second quarter worth approximately $36,000. Finally, Headlands Technologies LLC bought a new position in shares of CAVA Group in the second quarter worth approximately $37,000. Institutional investors own 73.15% of the company’s stock.

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.