Loop Capital Forecasts Strong Price Appreciation for CAVA Group (NYSE:CAVA) Stock

CAVA Group (NYSE:CAVA) had its price objective lifted by Loop Capital from $122.00 to $147.00 in a research note released on Thursday,Benzinga reports. The firm currently has a hold rating on the stock.

Other analysts have also recently issued reports about the company. Morgan Stanley upped their price target on CAVA Group from $123.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday. Jefferies Financial Group upped their price target on CAVA Group from $94.00 to $117.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. JPMorgan Chase & Co. upped their price target on CAVA Group from $90.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. William Blair reaffirmed an “outperform” rating on shares of CAVA Group in a research note on Wednesday, November 13th. Finally, Argus increased their target price on CAVA Group from $104.00 to $128.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $143.71.

CAVA Group Trading Up 2.2 %

CAVA Group stock opened at $141.38 on Thursday. CAVA Group has a 1 year low of $31.47 and a 1 year high of $172.43. The company has a market cap of $16.20 billion, a PE ratio of 307.35 and a beta of 3.23. The company’s 50-day moving average is $131.69 and its two-hundred day moving average is $104.46.

CAVA Group (NYSE:CAVA) last released its earnings results 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. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. The company had revenue of $243.82 million for the quarter, compared to the consensus estimate of $233.05 million. During the same period in the prior year, the company posted $0.06 EPS. The company’s revenue was up 38.9% compared to the same quarter last year. Research analysts forecast that CAVA Group will post 0.5 EPS for the current year.

Insider Buying and Selling

In other news, Director Theodoros Xenohristos sold 98,490 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $125.77, for a total transaction of $12,387,087.30. Following the transaction, the director now directly owns 424,846 shares in the company, valued at $53,432,881.42. The trade was a 18.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Tricia K. Tolivar sold 5,000 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now owns 292,600 shares of the company’s stock, valued at $36,762,264. This trade represents a 1.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 304,994 shares of company stock worth $38,310,084. Corporate insiders own 12.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CAVA. Jamison Private Wealth Management Inc. acquired a new stake in CAVA Group during the second quarter worth approximately $28,000. Nemes Rush Group LLC acquired a new stake in CAVA Group during the second quarter worth approximately $28,000. GAMMA Investing LLC lifted 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 last quarter. Mark Sheptoff Financial Planning LLC acquired a new stake in CAVA Group during the second quarter worth approximately $36,000. Finally, Headlands Technologies LLC acquired a new stake in CAVA Group during the second quarter worth approximately $37,000. 73.15% of the stock is owned by institutional investors.

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.