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

CAVA Group, Inc. (NYSE:CAVA) has been assigned a consensus recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $116.93.

Several research analysts recently commented on CAVA shares. Wedbush boosted their price objective on shares of CAVA Group from $100.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. Stifel Nicolaus boosted their price objective on shares of CAVA Group from $90.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, August 19th. TD Securities boosted their target price on shares of CAVA Group from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. TD Cowen boosted their target price on shares of CAVA Group from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Finally, Robert W. Baird boosted their target price on shares of CAVA Group from $105.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd.

CAVA Group Stock Performance

NYSE:CAVA opened at $136.09 on Friday. CAVA Group has a one year low of $29.66 and a one year high of $140.69. The firm has a market cap of $15.52 billion, a P/E ratio of 331.93 and a beta of 3.33. The firm has a 50-day simple moving average of $123.64 and a 200-day simple moving average of $96.56.

CAVA Group (NYSE:CAVA) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.13 by $0.04. The firm had revenue of $233.50 million during the quarter, compared to analyst estimates of $219.47 million. CAVA Group had a net margin of 5.04% and a return on equity of 7.37%. CAVA Group’s revenue was up 35.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.21 EPS. On average, research analysts predict that CAVA Group will post 0.43 EPS for the current fiscal year.

Insider Activity

In other news, CEO Brett Schulman sold 201,504 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $125.53, for a total value of $25,294,797.12. Following the sale, the chief executive officer now directly owns 702,590 shares of the company’s stock, valued at $88,196,122.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Brett Schulman sold 201,504 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $125.53, for a total value of $25,294,797.12. Following the completion of the transaction, the chief executive officer now directly owns 702,590 shares in the company, valued at $88,196,122.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Tricia K. Tolivar sold 5,000 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $125.64, for a total transaction of $628,200.00. Following the completion of the transaction, the chief financial officer now owns 292,600 shares of the company’s stock, valued at approximately $36,762,264. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 304,994 shares of company stock valued at $38,310,084 in the last ninety days. Insiders own 12.10% of the company’s stock.

Hedge Funds Weigh In On CAVA Group

Large investors have recently made changes to their positions in the company. Jamison Private Wealth Management Inc. acquired a new position in CAVA Group during the second quarter worth $28,000. Nemes Rush Group LLC acquired a new position in CAVA Group during the second quarter worth $28,000. GAMMA Investing LLC raised its position in CAVA Group by 68.3% during 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 period. Mark Sheptoff Financial Planning LLC acquired a new position in CAVA Group during the second quarter worth $36,000. Finally, Headlands Technologies LLC acquired a new position in CAVA Group during the second quarter worth $37,000. 73.15% of the stock is currently owned by institutional investors and hedge funds.

About CAVA Group

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.