CAVA Group (NYSE:CAVA) Price Target Lowered to $130.00 at TD Securities

CAVA Group (NYSE:CAVA) had its target price trimmed by TD Securities from $150.00 to $130.00 in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research firms have also issued reports on CAVA. Sanford C. Bernstein started coverage on shares of CAVA Group in a report on Wednesday, November 20th. They issued a “market perform” rating and a $145.00 target price for the company. TD Cowen increased their target price on shares of CAVA Group from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Citigroup reduced their target price on shares of CAVA Group from $163.00 to $140.00 and set a “neutral” rating for the company in a report on Friday, February 21st. Loop Capital increased their target price on shares of CAVA Group from $122.00 to $147.00 and gave the stock a “hold” rating in a report on Thursday, November 14th. Finally, Robert W. Baird increased their target price on shares of CAVA Group from $125.00 to $148.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $136.40.

CAVA Group Stock Down 0.5 %

NYSE CAVA opened at $98.77 on Wednesday. CAVA Group has a 52 week low of $52.81 and a 52 week high of $172.43. The firm has a market capitalization of $11.32 billion, a P/E ratio of 214.71 and a beta of 3.25. The company has a 50-day moving average price of $122.12 and a 200-day moving average price of $125.97.

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

Insiders Place Their Bets

In other news, CAO Adam David Phillips sold 615 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $124.39, for a total transaction of $76,499.85. Following the completion of the transaction, the chief accounting officer now directly owns 10,884 shares in the company, valued at approximately $1,353,860.76. This represents a 5.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kenneth Robert Bertram sold 678 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $124.39, for a total value of $84,336.42. Following the transaction, the insider now owns 57,312 shares of the company’s stock, valued at $7,129,039.68. This represents a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 651,784 shares of company stock worth $96,522,922 in the last three months. 12.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CAVA. Creative Planning boosted its position in shares of CAVA Group by 22.6% during the 3rd quarter. Creative Planning now owns 6,185 shares of the company’s stock valued at $766,000 after acquiring an additional 1,139 shares during the last quarter. Financial Advocates Investment Management lifted its position in CAVA Group by 12.6% in the third quarter. Financial Advocates Investment Management now owns 3,125 shares of the company’s stock worth $387,000 after buying an additional 349 shares during the last quarter. Gladstone Institutional Advisory LLC lifted its position in CAVA Group by 175.9% in the third quarter. Gladstone Institutional Advisory LLC now owns 6,056 shares of the company’s stock worth $750,000 after buying an additional 3,861 shares during the last quarter. Farther Finance Advisors LLC lifted its position in CAVA Group by 6.3% in the third quarter. Farther Finance Advisors LLC now owns 1,916 shares of the company’s stock worth $237,000 after buying an additional 113 shares during the last quarter. Finally, Lansing Street Advisors bought a new stake in CAVA Group in the third quarter worth $367,000. 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.