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

Key Points

• CAVA Group, Inc. has received a consensus rating of "Moderate Buy" from a panel of nineteen analysts, with an average twelve-month price objective of $115.06.
• Recent stock analyses show mixed ratings, with Barclays raising their target price to $91.00 while UBS lowered theirs to $112.00, reflecting evolving market sentiments.
• Insider transactions reported a significant sale of shares by CEO Brett Schulman, totaling $2.39 million, indicating a 3.87% decrease in his stock ownership.

CAVA Group, Inc. (NYSE:CAVA - Get Free Report) has received an average rating of "Moderate Buy" from the nineteen analysts that are currently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $115.06.

A number of analysts have commented on the company. Stifel Nicolaus reduced their price target on CAVA Group from $175.00 to $125.00 and set a "buy" rating for the company in a research report on Wednesday, June 18th. Melius assumed coverage on CAVA Group in a research report on Monday, July 14th. They issued a "hold" rating and a $95.00 price target for the company. Robert W. Baird upped their price target on CAVA Group from $105.00 to $115.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. TD Securities reaffirmed a "buy" rating and issued a $120.00 price objective on shares of CAVA Group in a research note on Friday, May 16th. Finally, JPMorgan Chase & Co. dropped their price objective on CAVA Group from $115.00 to $95.00 and set an "overweight" rating for the company in a research note on Wednesday, June 25th.

Insider Activity at CAVA Group

In related news, insider Theodoros Xenohristos sold 9,348 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $94.88, for a total transaction of $886,938.24. Following the completion of the transaction, the insider directly owned 353,271 shares of the company's stock, valued at approximately $33,518,352.48. This represents a 2.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jennifer Somers sold 2,861 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $75.16, for a total value of $215,032.76. Following the transaction, the insider directly owned 137,048 shares of the company's stock, valued at approximately $10,300,527.68. The trade was a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 67,951 shares of company stock valued at $5,409,027 in the last 90 days. 6.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CAVA Group

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of CAVA Group by 13.2% in the 1st quarter. Vanguard Group Inc. now owns 9,065,782 shares of the company's stock valued at $783,374,000 after purchasing an additional 1,054,180 shares during the last quarter. Jennison Associates LLC boosted its holdings in CAVA Group by 246.1% during the 1st quarter. Jennison Associates LLC now owns 8,519,459 shares of the company's stock valued at $736,166,000 after acquiring an additional 6,057,727 shares during the period. FMR LLC boosted its holdings in CAVA Group by 14.1% during the 4th quarter. FMR LLC now owns 3,976,353 shares of the company's stock valued at $448,533,000 after acquiring an additional 491,320 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in CAVA Group by 114.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,394,561 shares of the company's stock valued at $206,915,000 after acquiring an additional 1,277,912 shares during the period. Finally, Federated Hermes Inc. boosted its holdings in CAVA Group by 33.0% during the 4th quarter. Federated Hermes Inc. now owns 1,464,987 shares of the company's stock valued at $165,243,000 after acquiring an additional 363,814 shares during the period. 73.15% of the stock is owned by institutional investors.

CAVA Group Stock Down 3.2%

CAVA traded down $2.79 during midday trading on Tuesday, reaching $85.22. The company had a trading volume of 772,000 shares, compared to its average volume of 3,489,633. The business has a 50-day moving average of $82.75 and a two-hundred day moving average of $94.48. The company has a market cap of $9.86 billion, a P/E ratio of 70.91, a P/E/G ratio of 4.51 and a beta of 2.65. CAVA Group has a 1 year low of $70.00 and a 1 year high of $172.43.

CAVA Group (NYSE:CAVA - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The company reported $0.22 EPS for the quarter, topping analysts' consensus estimates 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 10.61% and a net margin of 13.70%. The business's quarterly revenue was up 28.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.12 earnings per share. On average, equities research analysts predict that CAVA Group will post 0.5 EPS for the current year.

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.