CAVA Group (NYSE:CAVA) Stock Rating Upgraded by Seaport Research Partners

CAVA Group (NYSE:CAVA) was upgraded by Seaport Research Partners to a “strong-buy” rating in a research note issued to investors on Tuesday, Zacks reports.

CAVA has been the subject of several other research reports. Citigroup restated a “buy” rating on shares of CAVA Group in a research note on Tuesday, July 28th. DA Davidson lowered their price target on CAVA Group from $84.00 to $75.00 and set a “neutral” rating on the stock in a research report on Thursday, August 13th. Guggenheim dropped their price objective on CAVA Group from $100.00 to $95.00 and set a “buy” rating on the stock in a report on Thursday, August 13th. Roth Capital restated a “buy” rating and issued a $95.00 price objective (down from $106.00) on shares of CAVA Group in a research report on Wednesday, August 12th. Finally, BMO Capital Markets set a $100.00 price objective on CAVA Group in a research report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.44.

CAVA Group Stock Performance

CAVA stock opened at $49.77 on Tuesday. CAVA Group has a one year low of $43.41 and a one year high of $98.79. The firm’s fifty day moving average is $64.83 and its 200 day moving average is $76.30. The firm has a market cap of $5.81 billion, a PE ratio of 90.49, a P/E/G ratio of 3.88 and a beta of 1.74.

CAVA Group (NYSE:CAVA) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. CAVA Group had a net margin of 4.82% and a return on equity of 8.28%. The business had revenue of $368.44 million during the quarter, compared to the consensus estimate of $360.09 million. During the same quarter in the prior year, the firm posted $0.16 earnings per share. The company’s revenue was up 31.3% compared to the same quarter last year. Research analysts predict that CAVA Group will post 0.55 earnings per share for the current fiscal year.

Insider Activity at CAVA Group

In related news, insider Douglas Thompson purchased 6,500 shares of CAVA Group stock in a transaction that occurred on Monday, August 31st. The stock was purchased at an average price of $66.52 per share, for a total transaction of $432,380.00. Following the transaction, the insider directly owned 19,371 shares in the company, valued at approximately $1,288,558.92. This trade represents a 50.50% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 6.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CAVA Group

Large investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of CAVA Group during the second quarter valued at approximately $757,013,000. Capital Research Global Investors lifted its position in shares of CAVA Group by 27.2% in the fourth quarter. Capital Research Global Investors now owns 8,440,040 shares of the company’s stock valued at $495,344,000 after acquiring an additional 1,805,174 shares in the last quarter. Capital International Investors boosted its stake in shares of CAVA Group by 15.5% in the fourth quarter. Capital International Investors now owns 4,885,317 shares of the company’s stock worth $286,718,000 after acquiring an additional 656,581 shares during the last quarter. William Blair Investment Management LLC boosted its stake in shares of CAVA Group by 28.1% in the fourth quarter. William Blair Investment Management LLC now owns 2,419,247 shares of the company’s stock worth $141,986,000 after acquiring an additional 530,524 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of CAVA Group by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 1,936,699 shares of the company’s stock worth $113,687,000 after purchasing an additional 40,356 shares in the last quarter. 73.15% of the stock is currently owned by hedge funds and other institutional investors.

CAVA Group News Summary

Here are the key news stories impacting CAVA Group this week:

• Positive Sentiment: Telsey Advisory maintained its Buy rating, signaling continued confidence in CAVA’s long-term growth prospects. Telsey Advisory maintains Buy rating
• Positive Sentiment: One analyst characterized the selloff as a potential buying opportunity, while GuruFocus’ valuation analysis said CAVA may be undervalued after the decline. These views could attract dip buyers. Analyst says buy the dip GuruFocus valuation analysis
• Positive Sentiment: CAVA’s loyalty membership base is reportedly expanding faster than its restaurant count, with traffic initiatives and menu innovation supporting customer engagement. CAVA loyalty growth

About CAVA Group

CAVA Group, Inc is a U.S.-based restaurant company that operates the CAVA fast-casual Mediterranean restaurant brand. Its restaurants offer customizable meals, including grain bowls, salads, pitas, dips, spreads and sides made with Mediterranean-inspired ingredients and flavors. Customers can order meals in restaurants, through digital channels and for catering.

The company’s menu is centered on a build-your-own format, allowing guests to select proteins, grains, greens, toppings, sauces and dips.