CAVA Group (NYSE:CAVA) Price Target Lowered to $120.00 at TD Securities

CAVA Group (NYSE:CAVA) had its price objective decreased by TD Securities from $130.00 to $120.00 in a research report report published on Monday morning,Benzinga reports. TD Securities currently has a buy rating on the stock.

Other equities analysts also recently issued reports about the company. Loop Capital lowered their price objective on CAVA Group from $147.00 to $100.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Barclays lowered their target price on shares of CAVA Group from $127.00 to $104.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 26th. William Blair restated an “outperform” rating on shares of CAVA Group in a research note on Wednesday, February 26th. Wedbush reissued an “outperform” rating and set a $150.00 target price on shares of CAVA Group in a research report on Wednesday, February 26th. Finally, Robert W. Baird set a $105.00 price target on shares of CAVA Group and gave the company an “outperform” rating in a research note on Monday, April 7th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.19.

CAVA Group Trading Up 6.3 %

Shares of CAVA opened at $86.40 on Monday. CAVA Group has a 12-month low of $59.02 and a 12-month high of $172.43. The firm has a market cap of $9.99 billion, a P/E ratio of 187.83 and a beta of 3.33. The company’s 50-day moving average price is $89.42 and its 200 day moving average price is $116.53.

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

Insider Transactions at CAVA Group

In other CAVA Group news, CAO Adam David Phillips sold 615 shares of the stock in a transaction on Monday, January 27th. The shares were sold at an average price of $124.39, for a total transaction of $76,499.85. Following the sale, the chief accounting officer now directly owns 10,884 shares of the company’s stock, valued at approximately $1,353,860.76. This represents a 5.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kenneth Robert Bertram sold 678 shares of the business’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $124.39, for a total transaction of $84,336.42. Following the sale, the insider now directly owns 57,312 shares of the company’s stock, valued at approximately $7,129,039.68. This represents a 1.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,734 shares of company stock worth $713,252 in the last three months. 12.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Utah Retirement Systems increased its stake in shares of CAVA Group by 2.5% in the fourth quarter. Utah Retirement Systems now owns 4,100 shares of the company’s stock valued at $462,000 after purchasing an additional 100 shares during the period. Howard Financial Services LTD. lifted its position in CAVA Group by 1.8% in the fourth quarter. Howard Financial Services LTD. now owns 6,194 shares of the company’s stock worth $699,000 after purchasing an additional 109 shares during the period. GAMMA Investing LLC boosted its position in shares of CAVA Group by 37.0% during the 4th quarter. GAMMA Investing LLC now owns 422 shares of the company’s stock valued at $48,000 after purchasing an additional 114 shares in the last quarter. Whittier Trust Co. grew its position in CAVA Group by 80.9% in the fourth quarter. Whittier Trust Co. now owns 284 shares of the company’s stock worth $32,000 after buying an additional 127 shares during the last quarter. Finally, Mainstream Capital Management LLC boosted its stake in shares of CAVA Group by 0.7% during the 4th quarter. Mainstream Capital Management LLC now owns 17,758 shares of the company’s stock worth $2,003,000 after acquiring an additional 132 shares in the last quarter. 73.15% of the stock is currently 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.