Robert W. Baird Increases CAVA Group (NYSE:CAVA) Price Target to $148.00

CAVA Group (NYSE:CAVA) had its price target hoisted by stock analysts at Robert W. Baird from $125.00 to $148.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s price objective suggests a potential upside of 11.60% from the stock’s previous close.

A number of other research analysts have also weighed in on the company. Loop Capital raised their price objective on CAVA Group from $80.00 to $122.00 and gave the company a “hold” rating in a report on Monday, August 26th. Morgan Stanley downgraded shares of CAVA Group from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $90.00 to $110.00 in a research note on Thursday, August 29th. TD Securities upped their price objective on shares of CAVA Group from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Argus raised 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 CAVA Group from $115.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, CAVA Group currently has an average rating of “Moderate Buy” and a consensus price target of $120.36.

CAVA Group Stock Up 0.4 %

CAVA opened at $132.62 on Monday. The company has a market cap of $15.16 billion, a PE ratio of 358.43 and a beta of 3.23. CAVA Group has a twelve month low of $29.66 and a twelve month high of $141.25. The company has a 50-day moving average price of $127.06 and a 200 day moving average price of $100.33.

CAVA Group (NYSE:CAVA) last announced its earnings results on Thursday, August 22nd. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The business had revenue of $233.50 million during the quarter, compared to analysts’ expectations of $219.47 million. CAVA Group had a return on equity of 7.37% and a net margin of 5.04%. The business’s revenue was up 35.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.21 earnings per share. As a group, sell-side analysts expect that CAVA Group will post 0.44 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Theodoros Xenohristos sold 98,490 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $125.77, for a total value of $12,387,087.30. Following the transaction, the director now owns 424,846 shares of the company’s stock, valued at $53,432,881.42. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO Tricia K. Tolivar sold 5,000 shares of the stock in a transaction that occurred 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 trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Theodoros Xenohristos sold 98,490 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $125.77, for a total value of $12,387,087.30. Following the completion of the sale, the director now directly owns 424,846 shares in the company, valued at approximately $53,432,881.42. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 304,994 shares of company stock valued at $38,310,084 over the last quarter. 12.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Private Advisor Group LLC lifted its stake in CAVA Group by 69.1% during the 1st quarter. Private Advisor Group LLC now owns 33,619 shares of the company’s stock worth $2,355,000 after acquiring an additional 13,739 shares in the last quarter. Xponance Inc. increased its stake in CAVA Group by 95.2% during the second quarter. Xponance Inc. now owns 9,846 shares of the company’s stock worth $913,000 after purchasing an additional 4,803 shares during the period. PFG Investments LLC lifted its position in shares of CAVA Group by 36.8% during the third quarter. PFG Investments LLC now owns 15,907 shares of the company’s stock worth $1,970,000 after purchasing an additional 4,275 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of CAVA Group in the second quarter valued at approximately $1,728,000. Finally, Nepsis Inc. grew its holdings in shares of CAVA Group by 4.5% in the third quarter. Nepsis Inc. now owns 147,507 shares of the company’s stock valued at $18,269,000 after purchasing an additional 6,380 shares in the last quarter. 73.15% of the stock is currently owned by hedge funds and other institutional investors.

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.