CAVA Group, Inc. (NYSE:CAVA) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analyst consensus: CAVA has a consensus rating of "Moderate Buy" from 29 brokerages (1 sell, 11 hold, 16 buy, 1 strong buy) with an average 12‑month price target of about $88.70.
• Several firms recently raised targets or initiated coverage — Piper Sandler, Truist and JPMorgan lifted targets into the mid‑$80s to $90 and gave positive ratings, while Roth MKM started coverage with a $106 buy target and Wall Street Zen cut to a sell.
• Stock & results: CAVA opened near $90.96, trades in a 52‑week range of $43.41–$101.50 with a $10.6B market cap and high P/E (~168), and it posted a slight quarterly EPS beat ($0.04 vs. $0.03) with revenue of $275M, up 20.9% year‑over‑year.

Shares of CAVA Group, Inc. (NYSE:CAVA - Get Free Report) have received a consensus rating of "Moderate Buy" from the twenty-nine brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation, sixteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $88.7037.

Several analysts have commented on CAVA shares. Piper Sandler boosted their price target on shares of CAVA Group from $71.00 to $85.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 25th. Wall Street Zen cut shares of CAVA Group from a "hold" rating to a "sell" rating in a research note on Saturday, April 25th. Roth Mkm started coverage on shares of CAVA Group in a research note on Tuesday, April 21st. They issued a "buy" rating and a $106.00 price target on the stock. Truist Financial boosted their price target 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. Finally, JPMorgan Chase & Co. boosted their price target on shares of CAVA Group from $80.00 to $90.00 and gave the stock an "overweight" rating in a research note on Friday, April 24th.

CAVA Group Stock Performance

CAVA opened at $90.96 on Thursday. CAVA Group has a fifty-two week low of $43.41 and a fifty-two week high of $101.50. The firm's fifty day moving average is $83.83 and its 200 day moving average is $67.72. The stock has a market cap of $10.59 billion, a price-to-earnings ratio of 168.44, a price-to-earnings-growth ratio of 6.71 and a beta of 2.03.

CAVA Group (NYSE:CAVA - Get Free Report) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. The business had revenue of $274.99 million for the quarter, compared to analysts' expectations of $268.04 million. CAVA Group had a net margin of 5.40% and a return on equity of 8.43%. The business's quarterly revenue was up 20.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.05 EPS. On average, equities research analysts predict that CAVA Group will post 0.52 earnings per share for the current year.

Institutional Trading of CAVA Group

Several hedge funds have recently bought and sold shares of CAVA. Liontrust Investment Partners LLP purchased a new stake in shares of CAVA Group during the 3rd quarter valued at about $43,189,000. Leibman Financial Services Inc. raised its position in shares of CAVA Group by 162.9% during the 4th quarter. Leibman Financial Services Inc. now owns 67,324 shares of the company's stock valued at $3,951,000 after buying an additional 41,712 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of CAVA Group by 118.3% during the 3rd quarter. Alliancebernstein L.P. now owns 2,953,688 shares of the company's stock valued at $178,432,000 after buying an additional 1,600,630 shares in the last quarter. Renaissance Capital LLC raised its position in shares of CAVA Group by 42.7% during the 3rd quarter. Renaissance Capital LLC now owns 105,730 shares of the company's stock valued at $6,387,000 after buying an additional 31,651 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of CAVA Group by 57.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 222,499 shares of the company's stock valued at $13,441,000 after buying an additional 81,393 shares in the last quarter. Hedge funds and other institutional investors own 73.15% of the company's stock.

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.

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