CAVA Group, Inc. (NYSE:CAVA) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of CAVA Group, Inc. (NYSE:CAVA) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the stock, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $142.13.

A number of equities analysts have recently issued reports on the company. Morgan Stanley raised their price objective on CAVA Group from $123.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 14th. Loop Capital raised their price target on shares of CAVA Group from $122.00 to $147.00 and gave the stock a “hold” rating in a report on Thursday, November 14th. William Blair reaffirmed an “outperform” rating on shares of CAVA Group in a research note on Wednesday, November 13th. UBS Group lowered their target price on shares of CAVA Group from $160.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Stifel Nicolaus upped their price target on shares of CAVA Group from $118.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th.

Insider Buying and Selling

In other CAVA Group news, Director Ronald M. Shaich sold 622,549 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $149.40, for a total transaction of $93,008,820.60. Following the completion of the sale, the director now owns 6,307 shares in the company, valued at approximately $942,265.80. The trade was a 99.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Karen Kochevar sold 15,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $142.23, for a total transaction of $2,133,450.00. Following the completion of the transaction, the director now directly owns 1,307 shares in the company, valued at $185,894.61. This trade represents a 91.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 652,549 shares of company stock valued at $97,242,271. 12.10% of the stock is owned by company insiders.

Institutional Trading of CAVA Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers raised its holdings in shares of CAVA Group by 80.5% in the second quarter. Rhumbline Advisers now owns 86,251 shares of the company’s stock valued at $8,000,000 after purchasing an additional 38,471 shares during the last quarter. Arizona State Retirement System lifted its position in shares of CAVA Group by 36.3% during the 2nd quarter. Arizona State Retirement System now owns 12,765 shares of the company’s stock worth $1,184,000 after buying an additional 3,397 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of CAVA Group by 13.6% in the 2nd quarter. Private Advisor Group LLC now owns 38,187 shares of the company’s stock worth $3,542,000 after buying an additional 4,568 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of CAVA Group in the second quarter valued at approximately $37,000. Finally, Sentry Investment Management LLC increased its position in shares of CAVA Group by 25.5% during the second quarter. Sentry Investment Management LLC now owns 4,168 shares of the company’s stock valued at $387,000 after acquiring an additional 846 shares during the last quarter. 73.15% of the stock is owned by institutional investors.

CAVA Group Stock Performance

Shares of NYSE CAVA opened at $114.24 on Friday. The firm has a 50 day moving average price of $131.30 and a two-hundred day moving average price of $116.47. The stock has a market cap of $13.09 billion, a P/E ratio of 248.35 and a beta of 3.21. CAVA Group has a 52-week low of $41.56 and a 52-week high of $172.43.

CAVA Group (NYSE:CAVA) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. The business had revenue of $243.82 million during the quarter, compared to the consensus estimate of $233.05 million. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. CAVA Group’s quarterly revenue was up 38.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.06 earnings per share. Analysts predict that CAVA Group will post 0.5 earnings per share for the current fiscal year.

About CAVA Group

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.