CAVA Group (NYSE:CAVA) Given New $148.00 Price Target at Robert W. Baird

CAVA Group (NYSE:CAVA) had its price target upped by Robert W. Baird from $125.00 to $148.00 in a report released on Monday morning, Benzinga reports. The firm currently has an outperform rating on the stock.

Several other analysts have also weighed in on CAVA. 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 report on Monday, August 19th. TD Cowen raised their price target on CAVA Group from $115.00 to $130.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Citigroup boosted their price objective on CAVA Group from $115.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. TD Securities increased their target price on CAVA Group from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Finally, Morgan Stanley cut CAVA Group from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $90.00 to $110.00 in a report on Thursday, August 29th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $120.36.

CAVA Group Price Performance

CAVA Group stock opened at $138.89 on Monday. The business has a 50 day simple moving average of $127.47 and a 200 day simple moving average of $100.60. CAVA Group has a one year low of $29.66 and a one year high of $141.25. The company has a market capitalization of $15.88 billion, a PE ratio of 375.38 and a beta of 3.23.

CAVA Group (NYSE:CAVA) last issued its quarterly earnings data 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. 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 during the quarter, compared to analysts’ expectations of $219.47 million. During the same period last year, the business earned $0.21 earnings per share. The business’s revenue was up 35.1% on a year-over-year basis. Equities analysts anticipate that CAVA Group will post 0.44 earnings per share for the current fiscal year.

Insider Transactions at CAVA Group

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

Hedge Funds Weigh In On CAVA Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. CIBC Asset Management Inc lifted its holdings in shares of CAVA Group by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 3,287 shares of the company’s stock valued at $407,000 after purchasing an additional 110 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in CAVA Group by 6.3% during the 3rd 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 lifted its stake in CAVA Group by 68.3% in the third quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock valued at $38,000 after buying an additional 125 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of CAVA Group by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 39,154 shares of the company’s stock valued at $3,632,000 after buying an additional 184 shares during the period. Finally, Jaffetilchin Investment Partners LLC increased its position in shares of CAVA Group by 4.2% during the second quarter. Jaffetilchin Investment Partners LLC now owns 6,907 shares of the company’s stock worth $641,000 after acquiring an additional 278 shares in the last quarter. 73.15% of the stock is owned by 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.