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

CAVA Group, Inc. (NYSE:CAVA) has been given a consensus rating of “Moderate Buy” by the sixteen research firms that are currently covering the firm, MarketBeat reports. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $118.71.

CAVA has been the topic of several recent research reports. Citigroup raised their price target on CAVA Group from $115.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday. Morgan Stanley downgraded CAVA Group from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $90.00 to $110.00 in a report on Thursday, August 29th. Loop Capital raised their price target on CAVA Group from $80.00 to $122.00 and gave the stock a “hold” rating in a report on Monday, August 26th. Robert W. Baird raised their price target on CAVA Group from $105.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Finally, Barclays lifted their target price on CAVA Group from $95.00 to $113.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd.

CAVA Group Stock Down 0.2 %

NYSE:CAVA opened at $133.56 on Friday. The business’s 50 day moving average is $125.82 and its two-hundred day moving average is $98.07. CAVA Group has a 52 week low of $29.66 and a 52 week high of $141.25. The company has a market cap of $15.27 billion, a PE ratio of 362.00 and a beta of 3.33.

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

Insider Activity

In other news, CFO Tricia K. Tolivar sold 5,000 shares of CAVA Group stock in a transaction on Monday, August 26th. The stock was sold at an average price of $125.64, for a total transaction of $628,200.00. Following the transaction, the chief financial officer now directly owns 292,600 shares in the company, valued at approximately $36,762,264. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Brett Schulman sold 201,504 shares of CAVA Group stock in a transaction on Monday, August 26th. The stock was sold at an average price of $125.53, for a total value of $25,294,797.12. Following the transaction, the chief executive officer now directly owns 702,590 shares in the company, valued at $88,196,122.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Tricia K. Tolivar sold 5,000 shares of CAVA Group stock in a transaction on Monday, August 26th. The stock was sold at an average price of $125.64, for a total value of $628,200.00. Following the completion of the transaction, the chief financial officer now owns 292,600 shares in the company, valued at $36,762,264. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 304,994 shares of company stock worth $38,310,084. 12.10% of the stock is owned by company insiders.

Institutional Trading of CAVA Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC boosted its position in shares of CAVA Group by 6.3% in the third quarter. Farther Finance Advisors LLC now owns 1,916 shares of the company’s stock worth $237,000 after buying an additional 113 shares during the period. GAMMA Investing LLC boosted its position in CAVA Group by 68.3% during the third quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock valued at $38,000 after purchasing an additional 125 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in CAVA Group by 0.5% during the second quarter. Dimensional Fund Advisors LP now owns 39,154 shares of the company’s stock valued at $3,632,000 after purchasing an additional 184 shares during the last quarter. Jaffetilchin Investment Partners LLC boosted its position in CAVA Group by 4.2% during the second quarter. Jaffetilchin Investment Partners LLC now owns 6,907 shares of the company’s stock valued at $641,000 after purchasing an additional 278 shares during the last quarter. Finally, Jamison Private Wealth Management Inc. acquired a new stake in CAVA Group during the second quarter valued at $28,000. 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.