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

Shares of CAVA Group, Inc. (NYSE:CAVA) have earned a consensus recommendation of “Moderate Buy” from the sixteen analysts that are presently covering the company, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $143.80.

Several brokerages have weighed in on CAVA. Jefferies Financial Group boosted their price objective on CAVA Group from $94.00 to $117.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Morgan Stanley boosted their price objective on CAVA Group from $123.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, November 14th. Loop Capital boosted their price objective on CAVA Group from $122.00 to $147.00 and gave the company a “hold” rating in a research report on Thursday, November 14th. Robert W. Baird boosted their target price on CAVA Group from $125.00 to $148.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Finally, Citigroup boosted their target price on CAVA Group from $140.00 to $163.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th.

CAVA Group Price Performance

NYSE:CAVA opened at $124.05 on Monday. The business has a 50 day moving average of $137.67 and a 200 day moving average of $113.38. The company has a market capitalization of $14.21 billion, a price-to-earnings ratio of 269.67 and a beta of 2.93. CAVA Group has a 1-year low of $39.05 and a 1-year high of $172.43.

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 9.10% 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 EPS. CAVA Group’s quarterly revenue was up 38.9% compared to the same quarter last year. As a group, sell-side analysts anticipate 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 the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $142.23, for a total transaction of $2,133,450.00. Following the transaction, the director now directly owns 1,307 shares of the company’s stock, valued at $185,894.61. This represents a 91.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ronald M. Shaich sold 622,549 shares of the company’s stock in a transaction on Monday, December 9th. The shares were 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 652,549 shares of company stock valued at $97,242,271. Insiders own 12.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CAVA. Nemes Rush Group LLC purchased a new stake in shares of CAVA Group during the second quarter worth about $28,000. Mark Sheptoff Financial Planning LLC purchased a new position in CAVA Group during the 2nd quarter valued at approximately $36,000. Headlands Technologies LLC purchased a new position in CAVA Group during the 2nd quarter valued at approximately $37,000. GAMMA Investing LLC grew its holdings in CAVA Group by 68.3% during the 3rd quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock valued at $38,000 after buying an additional 125 shares in the last quarter. Finally, Sunbelt Securities Inc. purchased a new position in CAVA Group during the 3rd quarter valued at approximately $50,000. 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.