CAVA Group, Inc. (NYSE:CAVA) Receives $143.80 Average Price Target from Analysts

Shares of CAVA Group, Inc. (NYSE:CAVA) have been given an average rating of “Moderate Buy” by the sixteen analysts that are presently covering the stock, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $143.80.

A number of research analysts have weighed in on CAVA shares. Wedbush raised their price objective on CAVA Group from $155.00 to $190.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Stifel Nicolaus boosted their price target on shares of CAVA Group from $118.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Citigroup upped their price objective on shares of CAVA Group from $140.00 to $163.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. TD Securities raised their target price on shares of CAVA Group from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Finally, JPMorgan Chase & Co. upped their price target on CAVA Group from $90.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th.

CAVA Group Stock Down 5.0 %

CAVA stock opened at $117.20 on Monday. CAVA Group has a 52 week low of $39.05 and a 52 week high of $172.43. The firm has a 50-day simple moving average of $137.51 and a 200-day simple moving average of $113.83. The stock has a market capitalization of $13.43 billion, a P/E ratio of 254.78 and a beta of 2.93.

CAVA Group (NYSE:CAVA) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.11 by $0.04. The company had revenue of $243.82 million during 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%. CAVA Group’s quarterly revenue was up 38.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.06 EPS. On average, analysts expect that CAVA Group will post 0.5 earnings per share for the current year.

Insider Buying and Selling at CAVA Group

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

Institutional Investors Weigh In On CAVA Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Conway Capital Management Inc. acquired a new stake in CAVA Group in the third quarter valued at $5,524,000. SpiderRock Advisors LLC boosted its position in CAVA Group by 8.9% during the third quarter. SpiderRock Advisors LLC now owns 479,319 shares of the company’s stock worth $59,364,000 after purchasing an additional 39,319 shares in the last quarter. Xponance Inc. grew its holdings in CAVA Group by 95.2% in the second quarter. Xponance Inc. now owns 9,846 shares of the company’s stock valued at $913,000 after purchasing an additional 4,803 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of CAVA Group by 262.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 516,092 shares of the company’s stock worth $63,918,000 after buying an additional 373,835 shares during the last quarter. Finally, PFG Investments LLC lifted its holdings in shares of CAVA Group by 36.8% in the third quarter. PFG Investments LLC now owns 15,907 shares of the company’s stock valued at $1,970,000 after purchasing an additional 4,275 shares in the last quarter. 73.15% of the stock is owned by hedge funds and other 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.