Wedbush Issues Positive Forecast for CAVA Group (NYSE:CAVA) Stock Price

CAVA Group (NYSE:CAVA) had its target price increased by Wedbush from $155.00 to $190.00 in a report published on Wednesday morning, Marketbeat.com reports. Wedbush currently has an outperform rating on the stock. Wedbush also issued estimates for CAVA Group’s Q4 2024 earnings at $0.06 EPS, FY2024 earnings at $0.50 EPS, Q2 2025 earnings at $0.23 EPS, Q3 2025 earnings at $0.22 EPS, Q4 2025 earnings at $0.12 EPS and FY2025 earnings at $0.70 EPS.

CAVA has been the topic of several other research reports. Loop Capital upped their price target on CAVA Group from $80.00 to $122.00 and gave the company a “hold” rating in a research note on Monday, August 26th. Citigroup lifted their target price on shares of CAVA Group from $115.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. lifted their target price on shares of CAVA Group from $77.00 to $90.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Barclays lifted their target price on shares of CAVA Group from $95.00 to $113.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. Finally, Stifel Nicolaus lifted their target price on shares of CAVA Group from $90.00 to $110.00 and gave the company a “buy” rating in a report on Monday, August 19th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, CAVA Group has an average rating of “Moderate Buy” and an average price target of $143.71.

CAVA Group Stock Performance

Shares of CAVA stock opened at $141.38 on Wednesday. CAVA Group has a fifty-two week low of $31.47 and a fifty-two week high of $172.43. The firm has a market capitalization of $16.16 billion, a price-to-earnings ratio of 307.35 and a beta of 3.23. The stock’s 50-day simple moving average is $131.69 and its 200-day simple moving average is $104.46.

CAVA Group (NYSE:CAVA) last released its earnings results on Tuesday, November 12th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 9.23% and a net margin of 5.88%. The company’s revenue was up 38.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 earnings per share. As a group, equities analysts forecast that CAVA Group will post 0.46 earnings per share for the current year.

Insider Buying and Selling at CAVA Group

In other CAVA Group news, CEO Brett Schulman sold 201,504 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $125.53, for a total value 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 22.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Theodoros Xenohristos sold 98,490 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $125.77, for a total transaction of $12,387,087.30. Following the completion of the transaction, the director now owns 424,846 shares of the company’s stock, valued at approximately $53,432,881.42. The trade was a 18.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 304,994 shares of company stock valued at $38,310,084. Company insiders own 12.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CAVA. Swiss National Bank boosted its holdings in shares of CAVA Group by 50.2% in the first quarter. Swiss National Bank now owns 67,300 shares of the company’s stock worth $4,714,000 after buying an additional 22,500 shares during the period. Sei Investments Co. lifted its position in shares of CAVA Group by 70.6% in the first quarter. Sei Investments Co. now owns 35,784 shares of the company’s stock worth $2,507,000 after purchasing an additional 14,811 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of CAVA Group in the first quarter worth approximately $6,532,000. Kingsview Wealth Management LLC purchased a new stake in shares of CAVA Group in the first quarter worth approximately $294,000. Finally, Vanguard Group Inc. lifted its position in shares of CAVA Group by 215.7% in the first quarter. Vanguard Group Inc. now owns 4,944,036 shares of the company’s stock worth $346,330,000 after purchasing an additional 3,377,840 shares in the last quarter. 73.15% of the stock is currently owned by institutional investors and hedge funds.

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.