CAVA Group (NYSE:CAVA) PT Raised to $130.00 at TD Securities

CAVA Group (NYSE:CAVA) had its price target hoisted by TD Securities from $115.00 to $130.00 in a research note published on Tuesday, Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages have also weighed in on CAVA. Stifel Nicolaus lifted their target price on CAVA Group from $90.00 to $110.00 and gave the company a buy rating in a research report on Monday, August 19th. Barclays lifted their target price on CAVA Group from $72.00 to $95.00 and gave the company an equal weight rating in a research report on Friday, August 23rd. Robert W. Baird lifted their target price on CAVA Group from $105.00 to $125.00 and gave the company an outperform rating in a research report on Friday, August 23rd. Loop Capital lifted their target price on CAVA Group from $80.00 to $122.00 and gave the company a hold rating in a research report on Monday, August 26th. Finally, JPMorgan Chase & Co. lifted their target price on CAVA Group from $77.00 to $90.00 and gave the company a neutral rating in a research report on Monday, August 26th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, CAVA Group has a consensus rating of Moderate Buy and an average price target of $114.15.

CAVA Group Stock Up 0.2 %

CAVA opened at $127.07 on Tuesday. The business has a fifty day moving average of $104.31 and a 200 day moving average of $86.85. CAVA Group has a 52-week low of $29.05 and a 52-week high of $131.82. The stock has a market cap of $14.53 billion, a P/E ratio of 309.93 and a beta of 3.34.

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

Insider Buying and Selling

In related news, CFO Tricia K. Tolivar sold 5,949 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $94.47, for a total transaction of $562,002.03. Following the transaction, the chief financial officer now directly owns 297,600 shares in the company, valued at approximately $28,114,272. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Brett Schulman sold 201,504 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $125.53, for a total transaction of $25,294,797.12. Following the transaction, the chief executive officer now directly owns 702,590 shares in the company, valued at approximately $88,196,122.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Tricia K. Tolivar sold 5,949 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $94.47, for a total value of $562,002.03. Following the transaction, the chief financial officer now owns 297,600 shares in the company, valued at $28,114,272. The disclosure for this sale can be found here. Insiders have sold a total of 310,943 shares of company stock worth $38,872,086 in the last ninety days.

Institutional Trading of CAVA Group

Several large investors have recently added to or reduced their stakes in CAVA. Jamison Private Wealth Management Inc. purchased a new stake in CAVA Group during the 2nd quarter valued at about $28,000. Nemes Rush Group LLC purchased a new stake in CAVA Group during the 2nd quarter valued at about $28,000. CWM LLC grew its stake in CAVA Group by 101.2% during the 1st quarter. CWM LLC now owns 505 shares of the company’s stock valued at $35,000 after purchasing an additional 254 shares during the last quarter. Mark Sheptoff Financial Planning LLC purchased a new stake in CAVA Group during the 2nd quarter valued at about $36,000. Finally, Headlands Technologies LLC purchased a new stake in CAVA Group during the 2nd quarter valued at about $37,000. Hedge funds and other institutional investors own 73.15% of the company’s stock.

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.