CAVA Group, Inc. (NYSE:CAVA) Receives $123.38 Consensus Target Price from Brokerages

CAVA Group, Inc. (NYSE:CAVA - Get Free Report) has earned a consensus rating of "Moderate Buy" from the seventeen analysts that are presently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $123.00.

CAVA has been the subject of a number of analyst reports. TD Securities restated a "buy" rating and set a $120.00 price objective on shares of CAVA Group in a research note on Friday. UBS Group cut their price objective on CAVA Group from $125.00 to $112.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Sanford C. Bernstein raised CAVA Group from a "market perform" rating to an "outperform" rating and set a $115.00 price objective on the stock in a report on Wednesday, April 23rd. JPMorgan Chase & Co. raised CAVA Group from a "neutral" rating to an "overweight" rating and set a $110.00 price objective on the stock in a report on Thursday, March 20th. Finally, Wedbush reissued an "outperform" rating and issued a $150.00 price objective on shares of CAVA Group in a report on Wednesday, February 26th.

Insider Activity

In other CAVA Group news, insider Theodoros Xenohristos sold 9,348 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $94.88, for a total value of $886,938.24. Following the sale, the insider now directly owns 353,271 shares of the company's stock, valued at approximately $33,518,352.48. This trade represents a 2.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.80% of the company's stock.

Institutional Trading of CAVA Group

Several institutional investors have recently bought and sold shares of the business. Utah Retirement Systems grew its holdings in CAVA Group by 2.5% in the fourth quarter. Utah Retirement Systems now owns 4,100 shares of the company's stock valued at $462,000 after purchasing an additional 100 shares during the period. Howard Financial Services LTD. grew its holdings in CAVA Group by 1.8% in the fourth quarter. Howard Financial Services LTD. now owns 6,194 shares of the company's stock valued at $699,000 after purchasing an additional 109 shares during the period. Whittier Trust Co. grew its holdings in CAVA Group by 80.9% in the fourth quarter. Whittier Trust Co. now owns 284 shares of the company's stock valued at $32,000 after purchasing an additional 127 shares during the period. Mainstream Capital Management LLC grew its holdings in CAVA Group by 0.7% in the fourth quarter. Mainstream Capital Management LLC now owns 17,758 shares of the company's stock valued at $2,003,000 after purchasing an additional 132 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in CAVA Group by 37.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 530 shares of the company's stock valued at $46,000 after purchasing an additional 144 shares during the period. 73.15% of the stock is owned by institutional investors and hedge funds.

CAVA Group Stock Down 1.0%

CAVA traded down $0.88 during trading hours on Thursday, reaching $89.18. 4,145,897 shares of the company's stock traded hands, compared to its average volume of 3,187,905. The firm has a 50-day moving average price of $88.53 and a 200 day moving average price of $111.16. CAVA Group has a 52-week low of $70.00 and a 52-week high of $172.43. The firm has a market capitalization of $10.31 billion, a PE ratio of 193.87 and a beta of 3.28.

CAVA Group (NYSE:CAVA - Get Free Report) last issued its earnings results on Thursday, May 15th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.08. The business had revenue of $331.83 million during the quarter, compared to analysts' expectations of $327.98 million. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The business's revenue for the quarter was up 28.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.12 EPS. Equities analysts predict that CAVA Group will post 0.5 EPS for the current fiscal year.

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.