CAVA Group, Inc. (NYSE:CAVA) Given Consensus Rating of “Moderate Buy” by Brokerages

CAVA Group, Inc. (NYSE:CAVA) has been assigned an average recommendation of “Moderate Buy” from the sixteen analysts that are currently covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $143.80.

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus lifted their price objective on shares of CAVA Group from $118.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. UBS Group started coverage on shares of CAVA Group in a report on Friday, September 27th. They issued a “neutral” rating and a $135.00 price target for the company. Jefferies Financial Group boosted their price target on shares of CAVA Group from $94.00 to $117.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Robert W. Baird boosted their price target on shares of CAVA Group from $125.00 to $148.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Finally, Sanford C. Bernstein started coverage on shares of CAVA Group in a report on Wednesday. They issued a “market perform” rating and a $145.00 price target for the company.

CAVA Group Stock Down 1.1 %

Shares of NYSE:CAVA opened at $139.64 on Thursday. CAVA Group has a 52 week low of $31.47 and a 52 week high of $172.43. The firm has a fifty day simple moving average of $132.46 and a two-hundred day simple moving average of $105.70. The stock has a market capitalization of $16.00 billion, a P/E ratio of 303.57 and a beta of 3.23.

CAVA Group (NYSE:CAVA) last released its quarterly 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. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. The firm had revenue of $243.82 million during the quarter, compared to analysts’ expectations of $233.05 million. During the same period in the previous year, the company earned $0.06 EPS. The firm’s revenue for the quarter was up 38.9% compared to the same quarter last year. On average, analysts expect that CAVA Group will post 0.5 earnings per share for the current year.

Insider Activity at CAVA Group

In related news, Director Karen Kochevar sold 15,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $140.00, for a total value of $2,100,000.00. Following the completion of the transaction, the director now directly owns 1,307 shares in the company, valued at $182,980. The trade was a 91.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Brett Schulman sold 201,504 shares of the company’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 transaction, the chief executive officer now owns 702,590 shares of the company’s stock, valued at $88,196,122.70. This represents a 22.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 319,994 shares of company stock worth $40,410,084 in the last three months. Company insiders own 12.10% of the company’s stock.

Hedge Funds Weigh In On CAVA Group

Large investors have recently added to or reduced their stakes in the stock. Jamison Private Wealth Management Inc. acquired a new stake in shares of CAVA Group in the second quarter valued at about $28,000. Nemes Rush Group LLC acquired a new stake in shares of CAVA Group in the second quarter valued at about $28,000. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of CAVA Group in the second quarter valued at about $36,000. Headlands Technologies LLC acquired a new stake in shares of CAVA Group in the second quarter valued at about $37,000. Finally, GAMMA Investing LLC raised its position in shares of CAVA Group by 68.3% in the third quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock valued at $38,000 after buying an additional 125 shares during 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.