CAVA Group (NYSE:CAVA) Price Target Cut to $125.00 by Analysts at Stifel Nicolaus

CAVA Group (NYSE:CAVA) had its price target decreased by Stifel Nicolaus from $175.00 to $125.00 in a research report report published on Wednesday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other research firms also recently issued reports on CAVA. Wedbush reiterated an “outperform” rating and set a $150.00 price target on shares of CAVA Group in a research note on Wednesday, February 26th. Citigroup lifted their price target on CAVA Group from $114.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. JPMorgan Chase & Co. upgraded CAVA Group from a “neutral” rating to an “overweight” rating and set a $110.00 price target for the company in a research note on Thursday, March 20th. Piper Sandler upgraded CAVA Group from a “neutral” rating to an “overweight” rating and cut their target price for the stock from $142.00 to $115.00 in a research note on Friday, February 28th. Finally, Loop Capital cut their target price on CAVA Group from $147.00 to $100.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $119.88.

CAVA Group Price Performance

Shares of CAVA opened at $74.48 on Wednesday. The stock has a 50-day moving average of $86.66 and a 200-day moving average of $102.43. The company has a market cap of $8.61 billion, a PE ratio of 62.06, a P/E/G ratio of 3.50 and a beta of 2.77. CAVA Group has a one year low of $70.00 and a one year high of $172.43.

CAVA Group (NYSE:CAVA) last issued its earnings results on Thursday, May 15th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.14 by $0.08. The company had revenue of $331.83 million during the quarter, compared to the consensus estimate of $327.98 million. CAVA Group had a return on equity of 10.61% and a net margin of 13.70%. The firm’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same period last year, the business posted $0.12 EPS. Analysts expect that CAVA Group will post 0.5 EPS for the current fiscal year.

Insider Buying and Selling

In other CAVA Group news, insider Jennifer Somers sold 2,861 shares of the business’s stock in a transaction on Monday, June 16th. The shares were sold at an average price of $75.16, for a total transaction of $215,032.76. Following the sale, the insider now owns 137,048 shares of the company’s stock, valued at $10,300,527.68. The trade was a 2.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Tricia K. Tolivar sold 4,845 shares of the business’s stock in a transaction on Monday, June 16th. The shares were sold at an average price of $75.16, for a total transaction of $364,150.20. Following the sale, the chief financial officer now directly owns 236,345 shares in the company, valued at $17,763,690.20. The trade was a 2.01% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 67,951 shares of company stock valued at $5,409,027. 6.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On CAVA Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Principal Securities Inc. grew its position in CAVA Group by 263.3% in the fourth quarter. Principal Securities Inc. now owns 436 shares of the company’s stock worth $49,000 after acquiring an additional 316 shares in the last quarter. Allworth Financial LP grew its position in CAVA Group by 369.2% in the fourth quarter. Allworth Financial LP now owns 244 shares of the company’s stock worth $30,000 after acquiring an additional 192 shares in the last quarter. State of New Jersey Common Pension Fund D grew its position in CAVA Group by 36.8% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 29,897 shares of the company’s stock worth $3,372,000 after acquiring an additional 8,035 shares in the last quarter. Sanctuary Advisors LLC grew its position in CAVA Group by 19.2% in the fourth quarter. Sanctuary Advisors LLC now owns 22,335 shares of the company’s stock worth $2,519,000 after acquiring an additional 3,597 shares in the last quarter. Finally, CIBC Asset Management Inc grew its position in CAVA Group by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 3,461 shares of the company’s stock worth $390,000 after acquiring an additional 174 shares in the last quarter. Institutional investors own 73.15% of the company’s stock.

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.