CAVA Group (NYSE:CAVA) Receives Outperform Rating from William Blair

William Blair reiterated their outperform rating on shares of CAVA Group (NYSE:CAVA) in a report released on Wednesday,RTT News reports.

Several other equities analysts have also recently weighed in on the company. Morgan Stanley increased their price target on CAVA Group from $123.00 to $135.00 and gave the company an “equal weight” rating in a report on Thursday, November 14th. Stifel Nicolaus increased their price target on CAVA Group from $118.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Wedbush reissued an “outperform” rating and set a $150.00 price target on shares of CAVA Group in a report on Wednesday. Loop Capital increased their price target on CAVA Group from $122.00 to $147.00 and gave the company a “hold” rating in a report on Thursday, November 14th. Finally, UBS Group reduced their price objective on CAVA Group from $160.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, CAVA Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.40.

CAVA Group Trading Down 0.5 %

CAVA stock opened at $98.77 on Wednesday. The stock has a market capitalization of $11.32 billion, a PE ratio of 214.71 and a beta of 3.25. CAVA Group has a 12-month low of $52.81 and a 12-month high of $172.43. The stock’s 50 day simple moving average is $122.12 and its 200 day simple moving average is $125.97.

CAVA Group (NYSE:CAVA) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $227.40 million for the quarter, compared to the consensus estimate of $223.34 million. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. On average, research analysts predict that CAVA Group will post 0.5 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Kenneth Robert Bertram sold 678 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $124.39, for a total transaction of $84,336.42. Following the completion of the transaction, the insider now owns 57,312 shares in the company, valued at $7,129,039.68. This trade represents a 1.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Adam David Phillips sold 615 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $124.39, for a total value of $76,499.85. Following the transaction, the chief accounting officer now owns 10,884 shares of the company’s stock, valued at approximately $1,353,860.76. The trade was a 5.35 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 651,784 shares of company stock worth $96,522,922. Corporate insiders own 12.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CAVA. Jennison Associates LLC grew its position in shares of CAVA Group by 36,658.7% during the fourth quarter. Jennison Associates LLC now owns 2,461,732 shares of the company’s stock valued at $277,683,000 after purchasing an additional 2,455,035 shares in the last quarter. Vanguard Group Inc. grew its position in shares of CAVA Group by 20.4% during the fourth quarter. Vanguard Group Inc. now owns 8,011,602 shares of the company’s stock valued at $903,709,000 after purchasing an additional 1,357,187 shares in the last quarter. Man Group plc grew its position in shares of CAVA Group by 563.7% during the fourth quarter. Man Group plc now owns 935,075 shares of the company’s stock valued at $105,476,000 after purchasing an additional 794,187 shares in the last quarter. Geode Capital Management LLC grew its position in shares of CAVA Group by 121.0% during the third quarter. Geode Capital Management LLC now owns 1,222,834 shares of the company’s stock valued at $151,492,000 after purchasing an additional 669,599 shares in the last quarter. Finally, Barclays PLC grew its position in shares of CAVA Group by 116.7% during the fourth quarter. Barclays PLC now owns 84,755 shares of the company’s stock valued at $9,560,000 after purchasing an additional 591,866 shares in the last quarter. Hedge funds and other institutional investors own 73.15% of the company’s stock.

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.