Barclays Increases CAVA Group (NYSE:CAVA) Price Target to $113.00

CAVA Group (NYSE:CAVA) had its target price increased by Barclays from $95.00 to $113.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective points to a potential downside of 17.23% from the company’s previous close.

A number of other equities analysts have also recently issued reports on CAVA. Morgan Stanley cut CAVA Group from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $90.00 to $110.00 in a report on Thursday, August 29th. Argus increased their price objective on CAVA Group from $104.00 to $128.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. UBS Group assumed coverage on CAVA Group in a research note on Friday, September 27th. They issued a “neutral” rating and a $135.00 target price on the stock. Stifel Nicolaus raised their price target 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. Finally, TD Cowen lifted their price objective on shares of CAVA Group from $115.00 to $130.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $116.93.

CAVA Group Price Performance

NYSE:CAVA opened at $136.53 on Tuesday. The business’s 50-day simple moving average is $122.07 and its 200-day simple moving average is $95.51. CAVA Group has a fifty-two week low of $29.66 and a fifty-two week high of $138.12. The stock has a market capitalization of $15.57 billion, a PE ratio of 333.00 and a beta of 3.33.

CAVA Group (NYSE:CAVA) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The firm had revenue of $233.50 million for 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%. The business’s revenue was up 35.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 earnings per share. On average, research analysts expect that CAVA Group will post 0.43 earnings per share for the current year.

Insider Transactions at CAVA Group

In related news, Director Theodoros Xenohristos sold 98,490 shares of the firm’s stock in a transaction dated 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other CAVA Group news, CFO Tricia K. Tolivar sold 5,000 shares of CAVA Group 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 directly owns 292,600 shares of the company’s stock, valued at $36,762,264. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Theodoros Xenohristos sold 98,490 shares of the 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 completion of the transaction, the director now directly owns 424,846 shares in the company, valued at $53,432,881.42. The trade was 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 worth $38,310,084 in the last ninety days. Insiders own 12.10% of the company’s stock.

Institutional Trading of CAVA Group

Several hedge funds and other institutional investors have recently modified their holdings of CAVA. Jamison Private Wealth Management Inc. bought a new position in CAVA Group in the 2nd quarter valued at about $28,000. Nemes Rush Group LLC bought a new position in shares of CAVA Group during the second quarter worth approximately $28,000. GAMMA Investing LLC lifted its holdings in CAVA Group by 68.3% during the 3rd quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock worth $38,000 after purchasing an additional 125 shares during the last quarter. Mark Sheptoff Financial Planning LLC bought a new stake in CAVA Group in the 2nd quarter valued at $36,000. Finally, Headlands Technologies LLC acquired a new position in CAVA Group in the 2nd quarter valued at $37,000. 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.