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

Shares of CAVA Group, Inc. (NYSE:CAVA) have earned an average rating of “Moderate Buy” from the sixteen analysts that are covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $115.64.

A number of equities research analysts recently weighed in on the company. TD Cowen boosted their price objective on CAVA Group from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Robert W. Baird boosted their price objective on CAVA Group from $105.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. Loop Capital upped their price target on CAVA Group from $80.00 to $122.00 and gave the company a “hold” rating in a research report on Monday, August 26th. Wedbush upped their price target on CAVA Group from $100.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Finally, Jefferies Financial Group upped their price target on CAVA Group from $94.00 to $117.00 and gave the company a “buy” rating in a research report on Friday, August 23rd.

CAVA Group Stock Up 4.7 %

Shares of CAVA stock opened at $131.97 on Wednesday. The firm has a market capitalization of $15.05 billion, a P/E ratio of 321.88 and a beta of 3.33. CAVA Group has a twelve month low of $29.66 and a twelve month high of $133.54. The stock’s fifty day simple moving average is $111.51 and its 200 day simple moving average is $90.53.

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

Insider Activity

In other news, CEO Brett Schulman sold 201,504 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $125.53, for a total value of $25,294,797.12. Following the transaction, the chief executive officer now directly owns 702,590 shares of the company’s stock, valued at $88,196,122.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Brett Schulman sold 201,504 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $88,196,122.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Tricia K. Tolivar sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $125.64, for a total value of $628,200.00. Following the transaction, the chief financial officer now directly owns 292,600 shares in the company, valued at approximately $36,762,264. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 304,994 shares of company stock valued at $38,310,084 in the last ninety days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. CWM LLC raised its stake in CAVA Group by 220.4% during the 3rd quarter. CWM LLC now owns 1,852 shares of the company’s stock worth $229,000 after buying an additional 1,274 shares during the period. Marion Wealth Management acquired a new position in CAVA Group during the 3rd quarter worth approximately $211,000. Cypress Financial Planning LLC acquired a new position in CAVA Group during the 3rd quarter worth approximately $223,000. GAMMA Investing LLC raised its stake in CAVA Group by 68.3% during the 3rd quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock worth $38,000 after buying an additional 125 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of CAVA Group in the second quarter worth approximately $918,000. 73.15% of the stock is owned by institutional investors and hedge funds.

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.