Analysts Set CAVA Group, Inc. (NYSE:CAVA) Price Target at $131.47

CAVA Group, Inc. (NYSE:CAVA) has been given a consensus rating of “Moderate Buy” by the seventeen research firms that are covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $130.25.

CAVA has been the topic of a number of research reports. Piper Sandler raised shares of CAVA Group from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $142.00 to $115.00 in a research note on Friday, February 28th. JPMorgan Chase & Co. raised shares of CAVA Group from a “neutral” rating to an “overweight” rating and set a $110.00 target price for the company in a research note on Thursday, March 20th. Wedbush reiterated an “outperform” rating and set a $150.00 price target on shares of CAVA Group in a report on Wednesday, February 26th. William Blair reissued an “outperform” rating on shares of CAVA Group in a research note on Wednesday, February 26th. Finally, TD Securities dropped their price objective on shares of CAVA Group from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th.

Insider Activity at CAVA Group

In related news, insider Kenneth Robert Bertram sold 678 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $124.39, for a total value of $84,336.42. Following the completion of the sale, the insider now directly owns 57,312 shares of the company’s stock, valued at $7,129,039.68. The trade was a 1.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Theodoros Xenohristos sold 851 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total value of $101,422.18. Following the transaction, the insider now directly owns 358,995 shares in the company, valued at approximately $42,785,024.10. This represents a 0.24 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,235 shares of company stock valued at $3,514,101. Insiders own 12.10% of the company’s stock.

Institutional Trading of CAVA Group

A number of institutional investors and hedge funds have recently modified their holdings of CAVA. Natixis Advisors LLC acquired a new stake in CAVA Group in the third quarter worth about $1,360,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of CAVA Group by 262.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 516,092 shares of the company’s stock valued at $63,918,000 after buying an additional 373,835 shares during the period. Meridian Wealth Management LLC bought a new position in CAVA Group during the third quarter valued at about $241,000. Great Valley Advisor Group Inc. grew its holdings in CAVA Group by 2.4% during the third quarter. Great Valley Advisor Group Inc. now owns 9,079 shares of the company’s stock worth $1,124,000 after acquiring an additional 215 shares during the period. Finally, Cerity Partners LLC acquired a new stake in CAVA Group in the 3rd quarter valued at about $1,425,000. 73.15% of the stock is owned by institutional investors and hedge funds.

CAVA Group Trading Up 0.7 %

Shares of CAVA stock opened at $86.98 on Wednesday. The stock has a 50 day simple moving average of $106.73 and a 200-day simple moving average of $121.42. The company has a market cap of $10.05 billion, a price-to-earnings ratio of 189.09 and a beta of 3.58. CAVA Group has a 12-month low of $58.22 and a 12-month high of $172.43.

CAVA Group (NYSE:CAVA) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The company had revenue of $227.40 million for the quarter, compared to analysts’ expectations of $223.34 million. On average, equities analysts forecast that CAVA Group will post 0.5 earnings per share 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.