Barclays Lowers CAVA Group (NYSE:CAVA) Price Target to $127.00

CAVA Group (NYSE:CAVA) had its price objective reduced by Barclays from $142.00 to $127.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other research analysts have also issued reports on CAVA. William Blair reiterated an “outperform” rating on shares of CAVA Group in a report on Wednesday, November 13th. Wedbush lifted their price target on shares of CAVA Group from $155.00 to $190.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Morgan Stanley upped their price objective on shares of CAVA Group from $123.00 to $135.00 and gave the stock an “equal weight” rating in a report on Thursday, November 14th. UBS Group reduced their price objective on shares of CAVA Group from $160.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Loop Capital upped 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. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $142.13.

CAVA Group Stock Up 1.3 %

Shares of CAVA stock opened at $114.24 on Tuesday. The firm has a 50 day moving average of $131.30 and a 200-day moving average of $116.47. The company has a market cap of $13.09 billion, a price-to-earnings ratio of 248.35 and a beta of 3.21. CAVA Group has a 52 week low of $41.56 and a 52 week high of $172.43.

CAVA Group (NYSE:CAVA) last posted its quarterly earnings results 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 firm had revenue of $243.82 million during the quarter, compared to the consensus estimate of $233.05 million. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. The business’s revenue was up 38.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.06 earnings per share. Analysts anticipate that CAVA Group will post 0.5 earnings per share for the current year.

Insiders Place Their Bets

In other CAVA Group news, Director Ronald M. Shaich sold 622,549 shares of the firm’s stock in a transaction on 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 completion of the sale, the director now directly owns 6,307 shares of the company’s stock, valued at $942,265.80. This trade represents a 99.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Karen Kochevar sold 15,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $142.23, for a total value of $2,133,450.00. Following the transaction, the director now directly owns 1,307 shares in the company, valued at $185,894.61. This represents a 91.99 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 652,549 shares of company stock valued at $97,242,271. Insiders own 12.10% of the company’s stock.

Institutional Investors Weigh In On CAVA Group

Large investors have recently added to or reduced their stakes in the company. Burkett Financial Services LLC purchased a new stake in CAVA Group during the fourth quarter valued at about $56,000. CWA Asset Management Group LLC purchased a new stake in shares of CAVA Group during the 4th quarter valued at approximately $980,000. Nordea Investment Management AB bought a new position in CAVA Group in the 4th quarter worth approximately $2,197,000. Everence Capital Management Inc. bought a new stake in CAVA Group during the 4th quarter valued at $271,000. Finally, Modus Advisors LLC raised its holdings in CAVA Group by 8.0% during the 4th quarter. Modus Advisors LLC now owns 4,791 shares of the company’s stock valued at $540,000 after acquiring an additional 353 shares during the period. 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.