CAVA Group, Inc. (NYSE:CAVA) Receives Average Rating of “Moderate Buy” from Brokerages

CAVA Group, Inc. (NYSE:CAVA) has been assigned an average rating of “Moderate Buy” from the sixteen brokerages that are covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $142.13.

A number of research analysts have recently issued reports on the stock. TD Cowen lifted their price objective on shares of CAVA Group from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. raised their price target 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. Morgan Stanley raised their price target on shares of CAVA Group from $123.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, November 14th. UBS Group dropped their price target on shares of CAVA Group from $160.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Finally, William Blair reissued an “outperform” rating on shares of CAVA Group in a research report on Wednesday, November 13th.

Insider Activity

In other news, CAO Adam David Phillips sold 615 shares of the company’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $124.39, for a total value of $76,499.85. Following the completion of the sale, the chief accounting officer now owns 10,884 shares of the company’s stock, valued at approximately $1,353,860.76. This represents a 5.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Tricia K. Tolivar sold 2,086 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total transaction of $248,609.48. Following the completion of the sale, the chief financial officer now directly owns 235,592 shares of the company’s stock, valued at $28,077,854.56. This trade represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 681,784 shares of company stock valued at $100,756,372 over the last quarter. Company insiders own 12.10% of the company’s stock.

Institutional Investors Weigh In On CAVA Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI bought a new stake in CAVA Group during the 4th quarter valued at $25,000. Allworth Financial LP raised its holdings in CAVA Group by 369.2% during the 4th quarter. Allworth Financial LP now owns 244 shares of the company’s stock valued at $30,000 after buying an additional 192 shares during the last quarter. GAMMA Investing LLC raised its holdings in CAVA Group by 68.3% in the 3rd quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock worth $38,000 after purchasing an additional 125 shares in the last quarter. Sunbelt Securities Inc. bought a new position in CAVA Group in the 3rd quarter worth $50,000. Finally, Golden State Wealth Management LLC bought a new position in CAVA Group in the 4th quarter worth $47,000. 73.15% of the stock is currently owned by institutional investors.

CAVA Group Stock Up 1.9 %

Shares of NYSE CAVA opened at $137.57 on Tuesday. The firm has a market cap of $15.76 billion, a PE ratio of 299.07 and a beta of 3.25. CAVA Group has a 12-month low of $47.68 and a 12-month high of $172.43. The company’s fifty day simple moving average is $125.06 and its 200 day simple moving average is $120.41.

CAVA Group (NYSE:CAVA) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. The firm had revenue of $243.82 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the company earned $0.06 earnings per share. On average, equities analysts predict that CAVA Group will post 0.5 earnings per share for the current year.

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.