Analysts Set CAVA Group, Inc. (NYSE:CAVA) Target Price at $142.13

CAVA Group, Inc. (NYSE:CAVA) has been given an average recommendation of “Moderate Buy” by the sixteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $142.13.

Several equities research analysts have weighed in on the stock. UBS Group dropped their price target on shares of CAVA Group from $160.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. JPMorgan Chase & Co. upped their price objective on shares of CAVA Group from $90.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Piper Sandler upped their price objective on shares of CAVA Group from $100.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Wedbush upped their price objective on shares of CAVA Group from $155.00 to $190.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, Barclays decreased their price objective on shares of CAVA Group from $142.00 to $127.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th.

CAVA Group Stock Down 0.7 %

Shares of CAVA opened at $141.89 on Tuesday. The stock has a market capitalization of $16.26 billion, a P/E ratio of 308.46 and a beta of 3.25. The firm has a fifty day simple moving average of $124.97 and a two-hundred day simple moving average of $121.41. CAVA Group has a twelve month low of $48.10 and a twelve month high of $172.43.

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

Insider Buying and Selling at CAVA Group

In other CAVA Group news, Director Ronald M. Shaich sold 622,549 shares of the firm’s stock in a transaction dated 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 directly owns 6,307 shares in the company, valued at approximately $942,265.80. This trade represents a 99.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Theodoros Xenohristos sold 851 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total transaction of $101,422.18. Following the sale, the insider now owns 358,995 shares of the company’s stock, valued at approximately $42,785,024.10. This represents a 0.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 681,784 shares of company stock worth $100,756,372. 12.10% of the stock is owned by corporate insiders.

Institutional Trading of CAVA Group

A number of institutional investors and hedge funds have recently bought and sold shares of CAVA. FMR LLC lifted its holdings in shares of CAVA Group by 0.9% during the 3rd quarter. FMR LLC now owns 3,485,033 shares of the company’s stock valued at $431,621,000 after buying an additional 29,668 shares during the period. Jennison Associates LLC lifted its holdings in shares of CAVA Group by 36,658.7% during the 4th quarter. Jennison Associates LLC now owns 2,461,732 shares of the company’s stock valued at $277,683,000 after buying an additional 2,455,035 shares during the period. Two Sigma Advisers LP lifted its holdings in shares of CAVA Group by 17.0% during the 3rd quarter. Two Sigma Advisers LP now owns 2,210,900 shares of the company’s stock valued at $273,820,000 after buying an additional 321,800 shares during the period. Lord Abbett & CO. LLC lifted its holdings in shares of CAVA Group by 1.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,358,250 shares of the company’s stock valued at $168,219,000 after buying an additional 19,493 shares during the period. Finally, State Street Corp lifted its holdings in shares of CAVA Group by 33.3% during the 3rd quarter. State Street Corp now owns 1,267,333 shares of the company’s stock valued at $156,959,000 after buying an additional 316,514 shares during the period. 73.15% of the stock is currently owned by institutional investors.

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.