UBS Group Cuts CAVA Group (NYSE:CAVA) Price Target to $125.00

CAVA Group (NYSE:CAVA) had its price objective cut by UBS Group from $160.00 to $125.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

CAVA has been the topic of several other reports. Barclays raised their price target on shares of CAVA Group from $113.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Sanford C. Bernstein began coverage on shares of CAVA Group in a research note on Wednesday, November 20th. They issued a “market perform” rating and a $145.00 target price on the stock. Wedbush upped their price target on CAVA Group from $155.00 to $190.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. TD Cowen lifted their price objective on CAVA Group from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. upped their target price on CAVA Group from $90.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, CAVA Group has an average rating of “Moderate Buy” and a consensus target price of $142.13.

CAVA Group Trading Up 1.3 %

CAVA stock opened at $114.24 on Tuesday. CAVA Group has a 12-month low of $41.56 and a 12-month high of $172.43. The business’s 50-day moving average is $131.30 and its 200 day moving average is $116.47. The stock has a market cap of $13.09 billion, a price-to-earnings ratio of 248.35 and a beta of 3.21.

CAVA Group (NYSE:CAVA) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. The firm had revenue of $243.82 million for 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%. The business’s revenue was up 38.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.06 earnings per share. As a group, equities analysts forecast that CAVA Group will post 0.5 EPS for the current fiscal year.

Insider Activity

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

Institutional Trading of CAVA Group

Several hedge funds have recently added to or reduced their stakes in the company. Nemes Rush Group LLC purchased a new stake in shares of CAVA Group during the 2nd quarter worth $28,000. GAMMA Investing LLC boosted its position in shares of CAVA Group by 68.3% during the 3rd quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock worth $38,000 after acquiring an additional 125 shares in the last quarter. Mark Sheptoff Financial Planning LLC purchased a new position in shares of CAVA Group in the 2nd quarter valued at about $36,000. Sunbelt Securities Inc. acquired a new stake in shares of CAVA Group during the 3rd quarter worth about $50,000. Finally, Headlands Technologies LLC purchased a new stake in CAVA Group during the second quarter worth approximately $37,000. Institutional investors and hedge funds 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.