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

CAVA Group, Inc. (NYSE:CAVA) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $60.42.

CAVA has been the topic of a number of recent analyst reports. Barclays initiated coverage on CAVA Group in a report on Monday, April 15th. They issued an “equal weight” rating and a $58.00 price objective on the stock. Robert W. Baird upped their price objective on CAVA Group from $54.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. William Blair reiterated an “outperform” rating on shares of CAVA Group in a report on Tuesday, February 27th. Wedbush upped their price objective on CAVA Group from $65.00 to $74.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. Finally, Citigroup upped their price objective on CAVA Group from $49.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th.

CAVA Group Stock Performance

Shares of CAVA Group stock opened at $72.17 on Friday. The stock’s 50 day simple moving average is $63.95 and its 200-day simple moving average is $48.86. CAVA Group has a 1-year low of $29.05 and a 1-year high of $74.58.

CAVA Group (NYSE:CAVA) last issued its earnings results on Monday, February 26th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01. The business had revenue of $175.50 million for the quarter, compared to analysts’ expectations of $240.03 million. CAVA Group had a return on equity of 4.28% and a net margin of 1.82%. The firm’s quarterly revenue was up 52.6% on a year-over-year basis. On average, equities analysts expect that CAVA Group will post 0.25 EPS for the current year.

Insiders Place Their Bets

In other CAVA Group news, Director Theodoros Xenohristos sold 47,239 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $68.29, for a total transaction of $3,225,951.31. Following the transaction, the director now directly owns 526,521 shares in the company, valued at $35,956,119.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director International S.C.A. Artal sold 2,000,000 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $66.25, for a total transaction of $132,500,000.00. Following the sale, the director now owns 26,507,990 shares of the company’s stock, valued at $1,756,154,337.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Theodoros Xenohristos sold 47,239 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $68.29, for a total value of $3,225,951.31. Following the sale, the director now directly owns 526,521 shares in the company, valued at approximately $35,956,119.09. The disclosure for this sale can be found here. Insiders have sold 3,547,239 shares of company stock worth $221,525,951 over the last ninety days.

Institutional Trading of CAVA Group

A number of large investors have recently modified their holdings of the stock. CWM LLC increased its holdings in 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 buying an additional 254 shares during the last quarter. Montag A & Associates Inc. purchased a new position in CAVA Group in the fourth quarter valued at $26,000. Headlands Technologies LLC purchased a new position in CAVA Group in the third quarter valued at $26,000. PNC Financial Services Group Inc. increased its holdings in CAVA Group by 190.0% in the third quarter. PNC Financial Services Group Inc. now owns 870 shares of the company’s stock valued at $27,000 after buying an additional 570 shares during the last quarter. Finally, PSI Advisors LLC increased its holdings in CAVA Group by 1,133.3% in the first quarter. PSI Advisors LLC now owns 925 shares of the company’s stock valued at $65,000 after buying an additional 850 shares during the last quarter. 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.