CAVA Group (NYSE:CAVA) Stock Price Up 6.6% – What’s Next?

Shares of CAVA Group, Inc. (NYSE:CAVA) rose 6.6% during mid-day trading on Wednesday . The stock traded as high as $81.52 and last traded at $81.2940. Approximately 543,904 shares changed hands during trading, a decline of 84% from the average daily volume of 3,352,081 shares. The stock had previously closed at $76.28.

More CAVA Group News

Here are the key news stories impacting CAVA Group this week:

• Positive Sentiment: UBS upgraded CAVA to Buy and raised its price target, saying the company has a “compelling growth story” with resilient same-store sales, strong new-unit economics, and attractive risk/reward after the stock’s recent pullback. Article Title
• Positive Sentiment: Multiple reports highlighted CAVA’s expansion plans, including a higher 2026 restaurant-opening target and plans to open 75 new stores while hiring 2,500 workers, reinforcing expectations for continued revenue growth. Article Title
• Positive Sentiment: Technical traders also got a bullish signal after CAVA broke above its 20-day moving average, suggesting improving short-term momentum. Article Title
• Neutral Sentiment: CAVA has also been drawing heavier investor attention on trading platforms and stock screens, which may be adding to volatility but does not by itself change the fundamental outlook. Article Title

Analyst Ratings Changes

CAVA has been the topic of several research reports. Citigroup raised their price objective on CAVA Group from $75.00 to $92.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Argus set a $92.00 price objective on CAVA Group in a report on Friday, May 22nd. TD Cowen reaffirmed a “buy” rating and set a $100.00 price objective on shares of CAVA Group in a report on Thursday, June 4th. Roth Mkm reaffirmed a “buy” rating and set a $106.00 price objective on shares of CAVA Group in a report on Wednesday, May 20th. Finally, Stifel Nicolaus raised their price objective on CAVA Group from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $93.37.

CAVA Group Stock Up 8.3%

The stock has a fifty day moving average of $83.30 and a 200-day moving average of $72.76. The stock has a market cap of $10.28 billion, a PE ratio of 169.81, a price-to-earnings-growth ratio of 5.59 and a beta of 1.70.

CAVA Group (NYSE:CAVA) last released its quarterly earnings results on Tuesday, May 19th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. CAVA Group had a return on equity of 7.92% and a net margin of 4.79%.The firm had revenue of $438.27 million for the quarter, compared to analyst estimates of $360.89 million. During the same quarter last year, the company posted $0.22 earnings per share. The business’s revenue was up 32.1% on a year-over-year basis. Equities research analysts forecast that CAVA Group, Inc. will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Kelly Costanza sold 10,010 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $79.87, for a total transaction of $799,498.70. Following the transaction, the insider owned 113,850 shares of the company’s stock, valued at $9,093,199.50. This trade represents a 8.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Theodoros Xenohristos sold 9,044 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $79.75, for a total value of $721,259.00. Following the transaction, the insider directly owned 327,882 shares in the company, valued at approximately $26,148,589.50. This represents a 2.68% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 24,235 shares of company stock valued at $1,920,420 over the last quarter. 6.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CAVA Group

A number of hedge funds and other institutional investors have recently made changes to their positions in CAVA. Los Angeles Capital Management LLC purchased a new position in shares of CAVA Group during the fourth quarter worth about $25,000. Harbor Investment Advisory LLC lifted its position in CAVA Group by 347.8% in the fourth quarter. Harbor Investment Advisory LLC now owns 515 shares of the company’s stock valued at $30,000 after purchasing an additional 400 shares during the period. TD Private Client Wealth LLC lifted its position in CAVA Group by 118.2% in the fourth quarter. TD Private Client Wealth LLC now owns 600 shares of the company’s stock valued at $35,000 after purchasing an additional 325 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in CAVA Group in the third quarter valued at about $36,000. Finally, Allworth Financial LP lifted its position in CAVA Group by 57.4% in the fourth quarter. Allworth Financial LP now owns 650 shares of the company’s stock valued at $38,000 after purchasing an additional 237 shares during the period. Hedge funds and other institutional investors own 73.15% of the company’s stock.

About CAVA Group

CAVA Group, Inc (NYSE: CAVA) is a leading fast-casual restaurant company specializing in Mediterranean-inspired cuisine. Operating under the CAVA brand, the company offers customizable bowls, pitas and salads built around a variety of proteins, grains, fresh vegetables and house-made spreads. With a focus on high-quality ingredients and made-to-order preparation, CAVA aims to deliver a casual yet elevated dining experience for dine-in, takeout and catering customers.

Founded in 2011 in the Washington, DC metro area by Ike Grigoropoulos, Dimitri Katsanis and Brett Schulman, CAVA has pursued an aggressive growth strategy that included the 2018 acquisition of Zoe’s Kitchen.