Loop Capital Lowers CAVA Group (NYSE:CAVA) Price Target to $100.00

CAVA Group (NYSE:CAVA) had its target price reduced by analysts at Loop Capital from $147.00 to $100.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “hold” rating on the stock. Loop Capital’s price objective suggests a potential upside of 5.29% from the company’s current price.

CAVA has been the subject of a number of other reports. TD Securities dropped their price target on shares of CAVA Group from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday. Sanford C. Bernstein initiated coverage on shares of CAVA Group in a research report on Wednesday, November 20th. They issued a “market perform” rating and a $145.00 price objective for the company. Stifel Nicolaus boosted their price objective on shares of CAVA Group from $118.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. boosted their price objective on shares of CAVA Group from $90.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Finally, TD Cowen boosted their price objective on shares of CAVA Group from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, CAVA Group has a consensus rating of “Moderate Buy” and a consensus target price of $131.47.

CAVA Group Trading Up 5.4 %

CAVA stock opened at $94.98 on Thursday. CAVA Group has a 12 month low of $56.03 and a 12 month high of $172.43. The company has a 50-day moving average price of $121.21 and a 200 day moving average price of $125.53. The stock has a market cap of $10.88 billion, a PE ratio of 206.47 and a beta of 3.25.

CAVA Group (NYSE:CAVA) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The firm had revenue of $227.40 million for the quarter, compared to analysts’ expectations of $223.34 million. Sell-side analysts forecast that CAVA Group will post 0.5 EPS for the current year.

Insider Transactions at CAVA Group

In related news, CAO Adam David Phillips sold 615 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $124.39, for a total transaction of $76,499.85. Following the completion of the transaction, the chief accounting officer now owns 10,884 shares in the company, valued at $1,353,860.76. The trade was a 5.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kenneth Robert Bertram sold 678 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $124.39, for a total transaction of $84,336.42. Following the transaction, the insider now owns 57,312 shares of the company’s stock, valued at approximately $7,129,039.68. This trade represents a 1.17 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 651,784 shares of company stock valued at $96,522,922. Company insiders own 12.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CAVA. Creative Planning raised its stake in shares of CAVA Group by 22.6% during the 3rd quarter. Creative Planning now owns 6,185 shares of the company’s stock worth $766,000 after acquiring an additional 1,139 shares in the last quarter. Financial Advocates Investment Management increased its stake in CAVA Group by 12.6% during the 3rd quarter. Financial Advocates Investment Management now owns 3,125 shares of the company’s stock valued at $387,000 after purchasing an additional 349 shares in the last quarter. Gladstone Institutional Advisory LLC increased its stake in CAVA Group by 175.9% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 6,056 shares of the company’s stock valued at $750,000 after purchasing an additional 3,861 shares in the last quarter. Farther Finance Advisors LLC increased its stake in CAVA Group by 6.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,916 shares of the company’s stock valued at $237,000 after purchasing an additional 113 shares in the last quarter. Finally, Lansing Street Advisors acquired a new position in CAVA Group during the 3rd quarter valued at approximately $367,000. 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.