CAVA Group (NYSE:CAVA) Shares Up 0.9%

CAVA Group, Inc. (NYSE:CAVA)’s stock price rose 0.9% on Thursday . The stock traded as high as $128.55 and last traded at $128.00. 529,075 shares were traded during trading, a decline of 81% from the average daily volume of 2,807,801 shares. The stock had previously closed at $126.84.

Analyst Upgrades and Downgrades

CAVA has been the subject of a number of research analyst reports. TD Securities raised their price target on shares of CAVA Group from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday. Loop Capital lifted their price target on CAVA Group from $80.00 to $122.00 and gave the stock a “hold” rating in a research report on Monday, August 26th. Robert W. Baird increased their price objective on CAVA Group from $105.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. JPMorgan Chase & Co. lifted their target price on CAVA Group from $77.00 to $90.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Finally, Jefferies Financial Group increased their price target on shares of CAVA Group from $94.00 to $117.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Seven 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $114.15.

CAVA Group Stock Up 0.4 %

The company’s 50-day moving average is $103.37 and its 200 day moving average is $86.56. The company has a market cap of $14.56 billion, a price-to-earnings ratio of 312.20 and a beta of 3.34.

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 the consensus estimate of $0.13 by $0.04. CAVA Group had a return on equity of 7.37% and a net margin of 5.04%. The firm had revenue of $233.50 million during the quarter, compared to analyst estimates of $219.47 million. During the same quarter in the previous year, the business earned $0.21 EPS. CAVA Group’s revenue for the quarter was up 35.1% compared to the same quarter last year. Analysts predict that CAVA Group, Inc. will post 0.43 EPS for the current fiscal year.

Insider Activity at CAVA Group

In other news, CFO Tricia K. Tolivar sold 5,949 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $94.47, for a total transaction of $562,002.03. Following the completion of the sale, the chief financial officer now owns 297,600 shares of the company’s stock, valued at $28,114,272. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Tricia K. Tolivar sold 5,949 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $94.47, for a total value of $562,002.03. Following the transaction, the chief financial officer now owns 297,600 shares in the company, valued at $28,114,272. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Tricia K. Tolivar sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $125.64, for a total value of $628,200.00. Following the sale, the chief financial officer now owns 292,600 shares of the company’s stock, valued at $36,762,264. The disclosure for this sale can be found here. In the last quarter, insiders have sold 310,943 shares of company stock valued at $38,872,086.

Institutional Investors Weigh In On CAVA Group

A number of hedge funds have recently modified their holdings of CAVA. Dimensional Fund Advisors LP grew its stake in CAVA Group by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 39,154 shares of the company’s stock valued at $3,632,000 after acquiring an additional 184 shares in the last quarter. CWM LLC increased its holdings in shares of CAVA Group by 101.2% in the first quarter. CWM LLC now owns 505 shares of the company’s stock valued at $35,000 after purchasing an additional 254 shares during the last quarter. Jaffetilchin Investment Partners LLC lifted its position in CAVA Group by 4.2% during the second quarter. Jaffetilchin Investment Partners LLC now owns 6,907 shares of the company’s stock worth $641,000 after buying an additional 278 shares in the last quarter. Jamison Private Wealth Management Inc. purchased a new position in CAVA Group during the second quarter worth approximately $28,000. Finally, Nemes Rush Group LLC acquired a new position in CAVA Group during the second quarter worth $28,000. 73.15% of the stock is currently owned by institutional investors and hedge funds.

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.