CAVA Group, Inc. (NYSE:CAVA) Receives $116.93 Average Target Price from Analysts

CAVA Group, Inc. (NYSE:CAVA) has been assigned an average rating of “Moderate Buy” from the sixteen brokerages that are presently covering the company, Marketbeat reports. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $118.71.

A number of research analysts have recently commented on the stock. Morgan Stanley cut shares of CAVA Group from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $90.00 to $110.00 in a report on Thursday, August 29th. Citigroup upped their price target on shares of CAVA Group from $115.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday. TD Cowen upped their price target on shares of CAVA Group from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Loop Capital upped their price target on shares of CAVA Group from $80.00 to $122.00 and gave the stock a “hold” rating in a report on Monday, August 26th. Finally, Wedbush upped their price target on shares of CAVA Group from $100.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd.

Insider Buying and Selling

In related news, Director Theodoros Xenohristos sold 98,490 shares of CAVA Group stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $125.77, for a total value of $12,387,087.30. Following the completion of the sale, the director now directly owns 424,846 shares in the company, valued at $53,432,881.42. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other CAVA Group news, CFO Tricia K. Tolivar sold 5,000 shares of CAVA Group stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $125.64, for a total transaction of $628,200.00. Following the completion of the sale, the chief financial officer now directly owns 292,600 shares in the company, valued at approximately $36,762,264. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Theodoros Xenohristos sold 98,490 shares of CAVA Group stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $125.77, for a total transaction of $12,387,087.30. Following the sale, the director now owns 424,846 shares of the company’s stock, valued at approximately $53,432,881.42. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 304,994 shares of company stock worth $38,310,084 in the last three months. Corporate insiders own 12.10% of the company’s stock.

Institutional Trading of CAVA Group

Several institutional investors and hedge funds have recently bought and sold shares of CAVA. Toth Financial Advisory Corp lifted its stake in CAVA Group by 197.6% during the 1st quarter. Toth Financial Advisory Corp now owns 1,506 shares of the company’s stock valued at $105,000 after acquiring an additional 1,000 shares during the period. Aviance Capital Partners LLC lifted its stake in shares of CAVA Group by 17.1% in the 1st quarter. Aviance Capital Partners LLC now owns 41,000 shares of the company’s stock valued at $2,872,000 after purchasing an additional 6,000 shares during the period. Miracle Mile Advisors LLC lifted its stake in shares of CAVA Group by 4.4% in the 1st quarter. Miracle Mile Advisors LLC now owns 7,574 shares of the company’s stock valued at $531,000 after purchasing an additional 318 shares during the period. DMC Group LLC acquired a new position in shares of CAVA Group in the 1st quarter valued at $243,000. Finally, Maryland State Retirement & Pension System acquired a new position in shares of CAVA Group in the 1st quarter valued at $264,000. 73.15% of the stock is currently owned by institutional investors and hedge funds.

CAVA Group Stock Down 0.4 %

CAVA stock opened at $137.96 on Friday. CAVA Group has a twelve month low of $29.66 and a twelve month high of $141.25. The stock has a market capitalization of $15.73 billion, a price-to-earnings ratio of 336.44 and a beta of 3.33. The firm’s fifty day simple moving average is $124.40 and its two-hundred day simple moving average is $97.29.

CAVA Group (NYSE:CAVA) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. CAVA Group had a net margin of 5.04% and a return on equity of 7.37%. The business had revenue of $233.50 million for the quarter, compared to analysts’ expectations of $219.47 million. During the same quarter in the previous year, the business posted $0.21 earnings per share. The business’s revenue was up 35.1% compared to the same quarter last year. As a group, equities research analysts expect that CAVA Group will post 0.43 EPS for the current year.

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.