Wedbush Issues Positive Forecast for CAVA Group (NYSE:CAVA) Stock Price

CAVA Group (NYSE:CAVA) had its price target boosted by Wedbush from $155.00 to $190.00 in a report issued on Wednesday morning, MarketBeat Ratings reports. Wedbush currently has an outperform rating on the stock. Wedbush also issued estimates for CAVA Group’s Q4 2024 earnings at $0.06 EPS, FY2024 earnings at $0.50 EPS, Q2 2025 earnings at $0.23 EPS, Q3 2025 earnings at $0.22 EPS, Q4 2025 earnings at $0.12 EPS and FY2025 earnings at $0.70 EPS.

Several other brokerages also recently commented on CAVA. Citigroup boosted their target price on shares of CAVA Group from $115.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Stifel Nicolaus boosted their price objective on CAVA Group from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, August 19th. Jefferies Financial Group boosted their price objective on CAVA Group from $94.00 to $117.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. JPMorgan Chase & Co. boosted their target price on CAVA Group from $77.00 to $90.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Finally, UBS Group assumed coverage on CAVA Group in a research report on Friday, September 27th. They set a “neutral” rating and a $135.00 target price for the company. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $143.71.

CAVA Group Stock Up 2.2 %

NYSE:CAVA opened at $141.38 on Wednesday. The company’s 50 day moving average is $131.69 and its 200-day moving average is $104.46. The firm has a market cap of $16.16 billion, a price-to-earnings ratio of 307.35 and a beta of 3.23. CAVA Group has a 12 month low of $31.47 and a 12 month high of $172.43.

CAVA Group (NYSE:CAVA) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. CAVA Group had a net margin of 5.88% and a return on equity of 9.23%. The firm had revenue of $243.82 million for the quarter, compared to the consensus estimate of $233.05 million. During the same quarter in the previous year, the company earned $0.06 earnings per share. The business’s revenue was up 38.9% compared to the same quarter last year. Research analysts predict that CAVA Group will post 0.46 EPS for the current fiscal year.

Insider Buying and Selling at CAVA Group

In other news, CFO Tricia K. Tolivar sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $125.64, for a total transaction of $628,200.00. Following the transaction, the chief financial officer now directly owns 292,600 shares of the company’s stock, valued at $36,762,264. This represents a 1.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Theodoros Xenohristos sold 98,490 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $125.77, for a total value of $12,387,087.30. Following the sale, the director now owns 424,846 shares of the company’s stock, valued at $53,432,881.42. This trade represents a 18.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 304,994 shares of company stock worth $38,310,084 over the last 90 days. Insiders own 12.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Jamison Private Wealth Management Inc. purchased a new position in shares of CAVA Group during the 2nd quarter valued at $28,000. Nemes Rush Group LLC bought a new position in CAVA Group during the 2nd quarter worth approximately $28,000. Mark Sheptoff Financial Planning LLC bought a new stake in shares of CAVA Group in the 2nd quarter worth approximately $36,000. Headlands Technologies LLC bought a new stake in shares of CAVA Group in the 2nd quarter worth approximately $37,000. Finally, GAMMA Investing LLC lifted its stake in shares of CAVA Group by 68.3% in the 3rd quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock valued at $38,000 after purchasing an additional 125 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.