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

Shares of CAVA Group, Inc. (NYSE:CAVA) have earned a consensus rating of “Moderate Buy” from the sixteen brokerages that are presently covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $142.13.

CAVA has been the topic of several research analyst reports. TD Securities lifted their price objective on CAVA Group from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Sanford C. Bernstein initiated coverage on CAVA Group in a research note on Wednesday, November 20th. They issued a “market perform” rating and a $145.00 price objective on the stock. Wedbush lifted their price objective on CAVA Group from $155.00 to $190.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. TD Cowen lifted their price objective on CAVA Group from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Robert W. Baird lifted their price objective on CAVA Group from $125.00 to $148.00 and gave the company an “outperform” rating in a research note on Monday, November 4th.

Insiders Place Their Bets

In other CAVA Group news, Director Ronald M. Shaich sold 622,549 shares of CAVA Group stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $149.40, for a total transaction of $93,008,820.60. Following the sale, the director now directly owns 6,307 shares in the company, valued at $942,265.80. The trade was a 99.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Karen Kochevar sold 15,000 shares of CAVA Group stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $140.00, for a total value of $2,100,000.00. Following the sale, the director now owns 1,307 shares in the company, valued at $182,980. This represents a 91.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 652,549 shares of company stock worth $97,242,271 in the last three months. 12.10% of the stock is owned by insiders.

Institutional Investors Weigh In On CAVA Group

Institutional investors have recently made changes to their positions in the company. Nemes Rush Group LLC bought a new stake in shares of CAVA Group in the 2nd quarter valued at approximately $28,000. Mark Sheptoff Financial Planning LLC bought a new stake in shares of CAVA Group in the 2nd quarter valued at approximately $36,000. Headlands Technologies LLC acquired a new position in CAVA Group during the 2nd quarter valued at approximately $37,000. GAMMA Investing LLC boosted its position in CAVA Group by 68.3% during the 3rd quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock valued at $38,000 after purchasing an additional 125 shares during the period. Finally, Sunbelt Securities Inc. acquired a new position in CAVA Group during the 3rd quarter valued at approximately $50,000. 73.15% of the stock is currently owned by institutional investors.

CAVA Group Trading Up 1.5 %

Shares of NYSE:CAVA opened at $117.35 on Friday. The stock’s 50-day moving average price is $128.80 and its two-hundred day moving average price is $117.23. CAVA Group has a 12-month low of $42.72 and a 12-month high of $172.43. The firm has a market cap of $13.45 billion, a price-to-earnings ratio of 255.10 and a beta of 3.21.

CAVA Group (NYSE:CAVA) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $233.05 million. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The company’s revenue was up 38.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.06 EPS. As a group, research analysts forecast that CAVA Group will post 0.5 earnings per share for the current fiscal 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.