CAVA Group (NYSE:CAVA) Price Target Raised to $175.00

CAVA Group (NYSE:CAVA) had its target price upped by Stifel Nicolaus from $118.00 to $175.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Loop Capital increased their price target on CAVA Group from $80.00 to $122.00 and gave the company a “hold” rating in a report on Monday, August 26th. Barclays lifted their price target on CAVA Group from $113.00 to $142.00 and gave the stock an “equal weight” rating in a report on Wednesday. Wedbush upped their price objective on shares of CAVA Group from $155.00 to $190.00 and gave the company an “outperform” rating in a report on Wednesday. Argus lifted their target price on shares of CAVA Group from $104.00 to $128.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Finally, Citigroup boosted 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. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $143.71.

CAVA Group Stock Up 2.1 %

Shares of CAVA opened at $141.23 on Wednesday. The firm’s fifty day moving average is $131.69 and its two-hundred day moving average is $104.24. The stock has a market cap of $16.15 billion, a PE ratio of 307.02 and a beta of 3.23. CAVA Group has a 52-week low of $31.47 and a 52-week high of $172.43.

CAVA Group (NYSE:CAVA) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.15 earnings per share 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 net margin of 5.88% and a return on equity of 9.23%. CAVA Group’s quarterly revenue was up 38.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.06 earnings per share. As a group, research analysts anticipate that CAVA Group will post 0.46 earnings per share for the current year.

Insider Activity

In other CAVA Group news, CFO Tricia K. Tolivar sold 5,000 shares of CAVA Group stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $125.64, for a total value of $628,200.00. Following the completion of the transaction, the chief financial officer now directly owns 292,600 shares of the company’s stock, valued at $36,762,264. The trade was a 1.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Brett Schulman sold 201,504 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 702,590 shares in the company, valued at $88,196,122.70. This represents a 22.29 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 304,994 shares of company stock valued at $38,310,084. 12.10% of the stock is currently owned by corporate insiders.

Institutional Trading of CAVA Group

Large investors have recently modified their holdings of the stock. Jamison Private Wealth Management Inc. acquired a new position in CAVA Group during the 2nd quarter worth $28,000. Nemes Rush Group LLC acquired a new position in shares of CAVA Group during the second quarter worth about $28,000. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of CAVA Group during the second quarter worth approximately $36,000. Headlands Technologies LLC acquired a new stake in CAVA Group in the second quarter valued at approximately $37,000. Finally, GAMMA Investing LLC lifted its stake in CAVA Group by 68.3% in the third quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock worth $38,000 after acquiring an additional 125 shares during the last quarter. Hedge funds and other 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.