CAVA Group (NYSE:CAVA) Research Coverage Started at UBS Group

Equities research analysts at UBS Group initiated coverage on shares of CAVA Group (NYSE:CAVA) in a research report issued to clients and investors on Friday, Briefing.com reports. The firm set a “neutral” rating and a $135.00 price target on the stock. UBS Group’s price objective suggests a potential upside of 6.24% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. TD Securities boosted their target price on CAVA Group from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday. Jefferies Financial Group lifted their target price on shares of CAVA Group from $94.00 to $117.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Stifel Nicolaus raised their price objective on shares of CAVA Group from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, August 19th. TD Cowen raised their price target on CAVA Group from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Monday. Finally, Barclays raised their target price on shares of CAVA Group from $72.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Friday, August 23rd. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, CAVA Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.64.

CAVA Group Price Performance

Shares of CAVA Group stock opened at $127.07 on Friday. The stock has a market capitalization of $14.53 billion, a price-to-earnings ratio of 309.93 and a beta of 3.34. The business has a 50-day moving average of $104.31 and a 200 day moving average of $86.85. CAVA Group has a 12 month low of $29.05 and a 12 month high of $131.82.

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

Insider Buying and Selling at CAVA Group

In other news, CFO Tricia K. Tolivar sold 5,949 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $94.47, for a total value of $562,002.03. Following the sale, the chief financial officer now directly owns 297,600 shares in the company, valued at $28,114,272. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Tricia K. Tolivar sold 5,949 shares of CAVA Group stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $94.47, for a total transaction of $562,002.03. Following the completion of the sale, the chief financial officer now directly owns 297,600 shares in the company, valued at $28,114,272. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Theodoros Xenohristos sold 98,490 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $125.77, for a total transaction of $12,387,087.30. Following the sale, the director now owns 424,846 shares in the company, valued at approximately $53,432,881.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 310,943 shares of company stock worth $38,872,086.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Jamison Private Wealth Management Inc. acquired a new position in CAVA Group during the second quarter worth approximately $28,000. Nemes Rush Group LLC acquired a new stake 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 worth $35,000 after purchasing an additional 254 shares during the period. Mark Sheptoff Financial Planning LLC acquired a new stake in CAVA Group during the 2nd quarter worth approximately $36,000. Finally, Headlands Technologies LLC purchased a new position in CAVA Group in the second quarter valued at approximately $37,000. Institutional investors and hedge funds 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.