CAVA Group (NYSE:CAVA) Given New $100.00 Price Target at Loop Capital

CAVA Group (NYSE:CAVA) had its price target cut by Loop Capital from $147.00 to $100.00 in a research report released on Thursday morning,Benzinga reports. They currently have a hold rating on the stock.

Several other equities research analysts also recently weighed in on the company. Barclays decreased their target price on CAVA Group from $127.00 to $104.00 and set an “equal weight” rating for the company in a research report on Wednesday. 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. JPMorgan Chase & Co. lifted their price objective on shares of CAVA Group from $90.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Citigroup decreased their target price on shares of CAVA Group from $163.00 to $140.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. Finally, William Blair reaffirmed an “outperform” rating on shares of CAVA Group in a research note on Wednesday. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, CAVA Group presently has an average rating of “Moderate Buy” and an average target price of $133.27.

CAVA Group Trading Down 9.0 %

Shares of CAVA Group stock opened at $90.02 on Thursday. The business’s fifty day moving average price is $121.75 and its 200 day moving average price is $125.78. CAVA Group has a twelve month low of $54.21 and a twelve month high of $172.43. The stock has a market capitalization of $10.31 billion, a P/E ratio of 195.69 and a beta of 3.25.

CAVA Group (NYSE:CAVA) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $227.40 million during the quarter, compared to analyst estimates of $223.34 million. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. As a group, sell-side analysts predict that CAVA Group will post 0.5 EPS for the current year.

Insider Activity at CAVA Group

In related news, CEO Brett Schulman sold 20,564 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total transaction of $2,450,817.52. Following the transaction, the chief executive officer now directly owns 776,369 shares in the company, valued at $92,527,657.42. This trade represents a 2.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Adam David Phillips sold 615 shares of the business’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $124.39, for a total transaction of $76,499.85. Following the sale, the chief accounting officer now owns 10,884 shares of the company’s stock, valued at approximately $1,353,860.76. The trade was a 5.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 651,784 shares of company stock valued at $96,522,922 over the last three months. 12.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CAVA. Vanguard Group Inc. lifted its holdings in CAVA Group by 20.4% in the fourth quarter. Vanguard Group Inc. now owns 8,011,602 shares of the company’s stock worth $903,709,000 after acquiring an additional 1,357,187 shares during the last quarter. FMR LLC raised its position in shares of CAVA Group by 14.1% during the 4th quarter. FMR LLC now owns 3,976,353 shares of the company’s stock worth $448,533,000 after purchasing an additional 491,320 shares during the period. Jennison Associates LLC lifted its holdings in shares of CAVA Group by 36,658.7% in the 4th quarter. Jennison Associates LLC now owns 2,461,732 shares of the company’s stock worth $277,683,000 after purchasing an additional 2,455,035 shares during the last quarter. Two Sigma Advisers LP boosted its position in CAVA Group by 17.0% during the 3rd quarter. Two Sigma Advisers LP now owns 2,210,900 shares of the company’s stock valued at $273,820,000 after purchasing an additional 321,800 shares during the period. Finally, Federated Hermes Inc. grew its stake in CAVA Group by 33.0% during the 4th quarter. Federated Hermes Inc. now owns 1,464,987 shares of the company’s stock worth $165,243,000 after buying an additional 363,814 shares during the last quarter. 73.15% of the stock is owned by institutional investors and hedge funds.

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.