Analysts Set CAVA Group, Inc. (NYSE:CAVA) Target Price at $116.93

CAVA Group, Inc. (NYSE:CAVA) has been given a consensus rating of “Moderate Buy” by the sixteen ratings firms that are presently covering the company, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $118.71.

CAVA has been the subject of several recent analyst reports. Robert W. Baird lifted their target price on shares of CAVA Group from $105.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Argus lifted their target price on shares of CAVA Group from $104.00 to $128.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Barclays lifted their price target on shares of CAVA Group from $95.00 to $113.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 22nd. Citigroup lifted their price target on shares of CAVA Group from $115.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. lifted their price target on shares of CAVA Group from $77.00 to $90.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th.

Insiders Place Their Bets

In other CAVA Group news, CFO Tricia K. Tolivar sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $125.64, for a total value of $628,200.00. Following the completion of the transaction, the chief financial officer now directly owns 292,600 shares in the company, valued at $36,762,264. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other CAVA Group news, CFO Tricia K. Tolivar sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $125.64, for a total value of $628,200.00. Following the completion of the transaction, the chief financial officer now directly owns 292,600 shares in the company, valued at $36,762,264. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 completion of the transaction, the chief executive officer now directly owns 702,590 shares in the company, valued at $88,196,122.70. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 304,994 shares of company stock worth $38,310,084 over the last three months. 12.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CAVA Group

Several hedge funds have recently modified their holdings of the stock. Jamison Private Wealth Management Inc. purchased a new stake in CAVA Group during the second quarter valued at $28,000. Nemes Rush Group LLC purchased a new stake in CAVA Group during the second quarter valued at $28,000. GAMMA Investing LLC raised its stake in CAVA Group by 68.3% during the third quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock valued at $38,000 after purchasing an additional 125 shares in the last quarter. Mark Sheptoff Financial Planning LLC bought a new position in CAVA Group during the second quarter valued at $36,000. Finally, Headlands Technologies LLC bought a new position in CAVA Group during the second quarter valued at $37,000. Hedge funds and other institutional investors own 73.15% of the company’s stock.

CAVA Group Trading Down 0.4 %

NYSE:CAVA opened at $137.96 on Friday. CAVA Group has a 12 month low of $29.66 and a 12 month high of $141.25. The stock has a market cap of $15.73 billion, a price-to-earnings ratio of 336.44 and a beta of 3.33. The company has a 50-day moving average price of $124.40 and a 200-day moving average price of $97.29.

CAVA Group (NYSE:CAVA) last issued its quarterly earnings results 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 net margin of 5.04% and a return on equity of 7.37%. The company had revenue of $233.50 million during the quarter, compared to analysts’ expectations of $219.47 million. During the same period last year, the company posted $0.21 EPS. CAVA Group’s revenue was up 35.1% on a year-over-year basis. Equities analysts forecast that CAVA Group will post 0.43 EPS 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.