CAVA Group (NYSE:CAVA) Sets New 52-Week Low – Time to Sell?

Shares of CAVA Group, Inc. (NYSE:CAVA) hit a new 52-week low during trading on Monday . The stock traded as low as $45.36 and last traded at $45.1120, with a volume of 1968057 shares changing hands. The stock had previously closed at $47.22.

Analyst Ratings Changes

A number of research firms recently weighed in on CAVA. The Goldman Sachs Group reissued a “neutral” rating and set a $68.00 price target on shares of CAVA Group in a research report on Wednesday, November 5th. Bank of America reduced their target price on CAVA Group from $121.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, August 13th. Morgan Stanley set a $86.00 price target on CAVA Group in a report on Wednesday, November 5th. Citigroup reissued a “neutral” rating on shares of CAVA Group in a research report on Wednesday, November 12th. Finally, Royal Bank Of Canada set a $70.00 target price on CAVA Group in a research report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $81.75.

CAVA Group Price Performance

The firm has a fifty day simple moving average of $59.34 and a two-hundred day simple moving average of $73.67. The firm has a market capitalization of $5.28 billion, a P/E ratio of 39.28, a price-to-earnings-growth ratio of 2.56 and a beta of 2.48.

CAVA Group (NYSE:CAVA) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). CAVA Group had a net margin of 12.14% and a return on equity of 8.88%. The firm had revenue of $292.24 million for the quarter, compared to analysts’ expectations of $292.88 million. During the same period in the prior year, the company earned $0.15 EPS. The firm’s quarterly revenue was up 19.9% on a year-over-year basis. On average, research analysts anticipate that CAVA Group, Inc. will post 0.5 EPS for the current year.

Institutional Trading of CAVA Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Quadcap Wealth Management LLC grew its position in CAVA Group by 1.4% during the 2nd quarter. Quadcap Wealth Management LLC now owns 8,966 shares of the company’s stock worth $755,000 after acquiring an additional 124 shares during the last quarter. McDonough Capital Management Inc lifted its position in CAVA Group by 4.7% in the second quarter. McDonough Capital Management Inc now owns 2,910 shares of the company’s stock valued at $245,000 after purchasing an additional 131 shares during the last quarter. Tsfg LLC boosted its stake in shares of CAVA Group by 19.1% during the second quarter. Tsfg LLC now owns 937 shares of the company’s stock valued at $79,000 after purchasing an additional 150 shares during the period. Baltimore Washington Financial Advisors Inc. grew its holdings in shares of CAVA Group by 5.6% in the second quarter. Baltimore Washington Financial Advisors Inc. now owns 2,810 shares of the company’s stock worth $237,000 after purchasing an additional 150 shares during the last quarter. Finally, D.A. Davidson & CO. increased its stake in shares of CAVA Group by 0.4% in the second quarter. D.A. Davidson & CO. now owns 34,342 shares of the company’s stock worth $2,893,000 after buying an additional 153 shares during the period. Institutional investors own 73.15% of the company’s stock.

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.