CAVA Group, Inc. (NYSE:CAVA) Given Average Recommendation of “Moderate Buy” by Brokerages

CAVA Group, Inc. (NYSE:CAVA) has earned an average rating of “Moderate Buy” from the sixteen research firms that are covering the stock, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $143.80.

A number of research analysts have issued reports on CAVA shares. Citigroup boosted their price target on CAVA Group from $140.00 to $163.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. UBS Group assumed coverage on shares of CAVA Group in a report on Friday, September 27th. They set a “neutral” rating and a $135.00 price target on the stock. TD Securities 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 Tuesday, September 24th. TD Cowen increased their target price on shares of CAVA Group from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, Jefferies Financial Group lifted 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.

CAVA Group Trading Up 1.7 %

NYSE:CAVA opened at $119.05 on Monday. The company has a market capitalization of $13.64 billion, a P/E ratio of 258.80 and a beta of 2.93. CAVA Group has a 12 month low of $39.05 and a 12 month high of $172.43. The firm has a fifty day simple moving average of $136.66 and a 200-day simple moving average of $114.09.

CAVA Group (NYSE:CAVA) last released its earnings results on Tuesday, November 12th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The firm 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 company’s revenue was up 38.9% compared to the same quarter last year. Equities analysts forecast that CAVA Group will post 0.5 EPS for the current year.

Insider Transactions at CAVA Group

In other news, Director Karen Kochevar sold 15,000 shares of CAVA Group stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $142.23, for a total value of $2,133,450.00. Following the completion of the sale, the director now directly owns 1,307 shares of the company’s stock, valued at approximately $185,894.61. The trade was a 91.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ronald M. Shaich sold 622,549 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $149.40, for a total value of $93,008,820.60. Following the transaction, the director now directly owns 6,307 shares in the company, valued at approximately $942,265.80. The trade was a 99.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 652,549 shares of company stock worth $97,242,271. 12.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CAVA Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CAVA. Nemes Rush Group LLC purchased a new position in shares of CAVA Group in the 2nd quarter valued at about $28,000. GAMMA Investing LLC lifted its stake in CAVA Group by 68.3% in 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 position in CAVA Group during the 2nd quarter worth approximately $36,000. Sunbelt Securities Inc. purchased a new stake in shares of CAVA Group in the 3rd quarter valued at approximately $50,000. Finally, Headlands Technologies LLC acquired a new stake in shares of CAVA Group in the 2nd quarter valued at $37,000. Hedge funds and other 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.