CAVA Group (NYSE:CAVA) Price Target Raised to $175.00 at Stifel Nicolaus

CAVA Group (NYSE:CAVA) had its price objective upped by Stifel Nicolaus from $118.00 to $175.00 in a research report report published on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

CAVA has been the topic of several other reports. Wedbush raised their target price on shares of CAVA Group from $155.00 to $190.00 and gave the stock an “outperform” rating in a report on Wednesday. Loop Capital upped their price objective on CAVA Group from $80.00 to $122.00 and gave the stock a “hold” rating in a research note on Monday, August 26th. Morgan Stanley cut CAVA Group from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $90.00 to $110.00 in a report on Thursday, August 29th. Robert W. Baird increased their price objective on shares of CAVA Group from $125.00 to $148.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Finally, TD Securities lifted their price target on CAVA Group from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, CAVA Group currently has an average rating of “Moderate Buy” and an average price target of $136.57.

CAVA Group Stock Performance

Shares of NYSE:CAVA opened at $147.31 on Wednesday. The company has a market capitalization of $16.84 billion, a PE ratio of 320.24 and a beta of 3.23. CAVA Group has a 52 week low of $31.41 and a 52 week high of $172.43. The company’s fifty day moving average is $130.75 and its 200-day moving average is $103.50.

CAVA Group (NYSE:CAVA) last released its earnings results on Tuesday, November 12th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. CAVA Group had a return on equity of 9.23% and a net margin of 5.88%. The company had revenue of $243.82 million during the quarter, compared to the consensus estimate of $233.05 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The firm’s quarterly revenue was up 38.9% on a year-over-year basis. On average, analysts forecast that CAVA Group will post 0.44 EPS for the current year.

Insider Activity at CAVA Group

In related news, CFO Tricia K. Tolivar sold 5,000 shares of the firm’s 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 sale, the chief financial officer now owns 292,600 shares of the company’s stock, valued at $36,762,264. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Tricia K. Tolivar sold 5,000 shares of CAVA Group stock in a transaction on Monday, August 26th. The stock was sold at an average price of $125.64, for a total transaction of $628,200.00. Following the transaction, the chief financial officer now directly owns 292,600 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Theodoros Xenohristos sold 98,490 shares of the 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 completion of the sale, the director now owns 424,846 shares of the company’s stock, valued at $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 in the last three months. Company 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. FORA Capital LLC grew its holdings in CAVA Group by 11.5% during the 3rd quarter. FORA Capital LLC now owns 101,413 shares of the company’s stock worth $12,560,000 after acquiring an additional 10,496 shares in the last quarter. Blueshift Asset Management LLC acquired a new position in CAVA Group during the third quarter valued at $566,000. Bridgewater Associates LP boosted its position in CAVA Group by 103.4% in the 3rd quarter. Bridgewater Associates LP now owns 20,787 shares of the company’s stock worth $2,574,000 after purchasing an additional 10,568 shares in the last quarter. Quantbot Technologies LP increased its stake in shares of CAVA Group by 323.4% in the 3rd quarter. Quantbot Technologies LP now owns 49,627 shares of the company’s stock valued at $6,146,000 after purchasing an additional 37,906 shares in the last quarter. Finally, FMR LLC lifted its holdings in CAVA Group by 0.9% during the third quarter. FMR LLC now owns 3,485,033 shares of the company’s stock valued at $431,621,000 after purchasing an additional 29,668 shares in the last quarter. 73.15% of the stock is 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.