CAVA Group (NYSE:CAVA) Given New $85.00 Price Target at Morgan Stanley

CAVA Group (NYSE:CAVA) had its price target raised by Morgan Stanley from $83.00 to $85.00 in a report released on Tuesday,Benzinga reports. They currently have an equal weight rating on the stock.

Other research analysts also recently issued research reports about the company. KeyCorp raised their price objective on CAVA Group from $95.00 to $105.00 and gave the stock an “overweight” rating in a research note on Monday. Benchmark increased their target price on shares of CAVA Group from $80.00 to $110.00 and gave the stock a “buy” rating in a report on Monday. Truist Financial raised their target price on shares of CAVA Group from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Royal Bank Of Canada lifted their price target on shares of CAVA Group from $80.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, February 25th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of CAVA Group in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, CAVA Group presently has an average rating of “Moderate Buy” and a consensus price target of $88.89.

CAVA Group Stock Performance

Shares of NYSE:CAVA opened at $96.11 on Tuesday. The stock has a market capitalization of $11.19 billion, a price-to-earnings ratio of 177.99, a PEG ratio of 8.27 and a beta of 2.03. The stock’s 50-day simple moving average is $80.38 and its two-hundred day simple moving average is $66.46. CAVA Group has a 52-week low of $43.41 and a 52-week high of $101.50.

CAVA Group (NYSE:CAVA) last released its quarterly earnings results on Tuesday, February 24th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. The firm had revenue of $274.99 million during the quarter, compared to analyst estimates of $268.04 million. CAVA Group had a net margin of 5.40% and a return on equity of 8.43%. The business’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.05 EPS. As a group, equities analysts forecast that CAVA Group will post 0.5 earnings per share for the current fiscal year.

Insider Activity

In other CAVA Group news, insider Kenneth Robert Bertram sold 994 shares of the company’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $62.14, for a total value of $61,767.16. Following the completion of the transaction, the insider directly owned 49,122 shares in the company, valued at $3,052,441.08. This represents a 1.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Theodoros Xenohristos sold 1,039 shares of the stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $62.14, for a total transaction of $64,563.46. Following the sale, the insider directly owned 332,205 shares of the company’s stock, valued at approximately $20,643,218.70. This trade represents a 0.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 11,460 shares of company stock valued at $712,124 in the last three months. 12.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CAVA Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Capital International Investors increased its holdings in CAVA Group by 105.4% in the 3rd quarter. Capital International Investors now owns 4,228,736 shares of the company’s stock valued at $255,451,000 after acquiring an additional 2,169,553 shares during the last quarter. William Blair Investment Management LLC purchased a new stake in CAVA Group in the 3rd quarter worth $114,098,000. Capital Research Global Investors grew its position in shares of CAVA Group by 27.2% during the fourth quarter. Capital Research Global Investors now owns 8,440,040 shares of the company’s stock valued at $495,344,000 after purchasing an additional 1,805,174 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of CAVA Group by 118.3% during the third quarter. Alliancebernstein L.P. now owns 2,953,688 shares of the company’s stock valued at $178,432,000 after purchasing an additional 1,600,630 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of CAVA Group by 689.8% in the fourth quarter. Marshall Wace LLP now owns 1,387,774 shares of the company’s stock worth $81,448,000 after purchasing an additional 1,212,068 shares during the last quarter. Institutional investors own 73.15% of the company’s stock.

More CAVA Group News

Here are the key news stories impacting CAVA Group this week:

• Positive Sentiment: Benchmark lifted its price target to $110 and maintained a “buy” view, implying meaningful upside versus recent levels — a direct driver of buying sentiment. Benchmark raises PT to $110
• Positive Sentiment: KeyCorp raised its target to $105 and kept an “overweight” rating, reinforcing institutional conviction that CAVA can continue growth and justify a higher multiple. KeyCorp raises PT to $105
• Positive Sentiment: CAVA is expanding its kitchen display system (KDS) to improve digital order accuracy and guest visibility — an operational improvement that can reduce errors, speed throughput and support repeat visits. CAVA’s KDS Rollout Boosts Digital Accuracy
• Neutral Sentiment: Board member Karen Kochevar will retire at the end of her term as part of planned succession; this appears orderly and tied to the company’s transition to public status, so impact on operations is likely limited. CAVA Announces the Retirement of Karen Kochevar from the Board
• Neutral Sentiment: Market write-ups and watch pieces are weighing recent momentum and valuation; some coverage questions whether shares are stretched after gains — useful context but not an immediate catalyst. Is CAVA Group Stock Worth Watching Right Now
• Negative Sentiment: Morgan Stanley raised its target slightly to $85 but kept an “equal weight” rating — the target implies downside versus recent levels and signals a more cautious near-term view from a major shop. Morgan Stanley raises PT to $85 (equal weight)

About CAVA Group

CAVA Group, Inc (NYSE: CAVA) is a leading fast-casual restaurant company specializing in Mediterranean-inspired cuisine. Operating under the CAVA brand, the company offers customizable bowls, pitas and salads built around a variety of proteins, grains, fresh vegetables and house-made spreads. With a focus on high-quality ingredients and made-to-order preparation, CAVA aims to deliver a casual yet elevated dining experience for dine-in, takeout and catering customers.

Founded in 2011 in the Washington, DC metro area by Ike Grigoropoulos, Dimitri Katsanis and Brett Schulman, CAVA has pursued an aggressive growth strategy that included the 2018 acquisition of Zoe’s Kitchen.