CAVA Group (NYSE:CAVA) PT Raised to $110.00 at Stifel Nicolaus

CAVA Group (NYSE:CAVA) had its target price hoisted by stock analysts at Stifel Nicolaus from $90.00 to $110.00 in a research note issued on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 12.04% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Jefferies Financial Group boosted their target price on shares of CAVA Group from $72.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. JPMorgan Chase & Co. lowered shares of CAVA Group from an “overweight” rating to a “neutral” rating and set a $77.00 price objective for the company. in a research note on Monday, June 3rd. Morgan Stanley raised their target price on shares of CAVA Group from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Wedbush reaffirmed an “outperform” rating and set a $100.00 price target on shares of CAVA Group in a research report on Tuesday, July 30th. Finally, Piper Sandler cut CAVA Group from an “overweight” rating to a “neutral” rating and raised their price objective for the stock from $63.00 to $92.00 in a research report on Thursday, May 30th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $84.42.

CAVA Group Stock Down 2.0 %

CAVA opened at $98.18 on Monday. The stock’s fifty day moving average is $88.80 and its two-hundred day moving average is $74.94. The company has a market capitalization of $11.19 billion, a P/E ratio of 239.45 and a beta of 3.27. CAVA Group has a 52 week low of $29.05 and a 52 week high of $101.20.

CAVA Group (NYSE:CAVA) last posted its quarterly earnings results on Tuesday, May 28th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.08. CAVA Group had a return on equity of 5.18% and a net margin of 3.75%. The business had revenue of $259.01 million for the quarter, compared to the consensus estimate of $246.02 million. The business’s revenue was up 27.5% compared to the same quarter last year. Equities analysts anticipate that CAVA Group will post 0.34 earnings per share for the current year.

Insider Activity

In other CAVA Group news, CEO Brett Schulman sold 66,414 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $90.11, for a total transaction of $5,984,565.54. Following the completion of the transaction, the chief executive officer now directly owns 904,094 shares of the company’s stock, valued at approximately $81,467,910.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other CAVA Group news, CEO Brett Schulman sold 66,414 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $90.11, for a total value of $5,984,565.54. Following the sale, the chief executive officer now directly owns 904,094 shares of the company’s stock, valued at $81,467,910.34. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ronald M. Shaich sold 1,231,979 shares of CAVA Group stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $87.25, for a total value of $107,490,167.75. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $436,250. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,420,564 shares of company stock valued at $124,690,835.

Institutional Trading of CAVA Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. acquired a new stake in CAVA Group in the second quarter valued at approximately $368,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of CAVA Group by 98.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 875 shares of the company’s stock worth $81,000 after buying an additional 433 shares during the period. Creative Planning lifted its position in shares of CAVA Group by 24.7% during the 2nd quarter. Creative Planning now owns 5,046 shares of the company’s stock valued at $468,000 after buying an additional 1,000 shares in the last quarter. Nemes Rush Group LLC purchased a new stake in CAVA Group in the 2nd quarter worth $28,000. Finally, Algert Global LLC acquired a new position in CAVA Group during the second quarter worth $426,000. Institutional investors and hedge funds 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.