CAVA Group (NYSE:CAVA) Price Target Raised to $91.00

CAVA Group (NYSE:CAVA - Free Report) had its price target increased by Barclays from $90.00 to $91.00 in a research report report published on Thursday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other research firms have also issued reports on CAVA. Stifel Nicolaus decreased their target price 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. Morgan Stanley set a $107.00 target price on shares of CAVA Group and gave the company an "equal weight" rating in a research note on Monday. UBS Group reduced their price target on shares of CAVA Group from $125.00 to $112.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. TD Securities restated a "buy" rating and issued a $120.00 price objective on shares of CAVA Group in a research report on Friday, May 16th. Finally, Wall Street Zen downgraded CAVA Group from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, CAVA Group has a consensus rating of "Moderate Buy" and a consensus target price of $115.06.

CAVA Group Stock Up 0.8%

NYSE CAVA traded up $0.72 during trading hours on Thursday, hitting $87.49. The company's stock had a trading volume of 1,974,861 shares, compared to its average volume of 3,242,465. CAVA Group has a twelve month low of $70.00 and a twelve month high of $172.43. The firm has a market capitalization of $10.12 billion, a P/E ratio of 72.91, a PEG ratio of 4.19 and a beta of 2.65. The stock has a fifty day moving average of $83.74 and a 200 day moving average of $95.93.

CAVA Group (NYSE:CAVA - Get Free Report) last issued its earnings results on Thursday, May 15th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.14 by $0.08. CAVA Group had a net margin of 13.70% and a return on equity of 10.61%. The company had revenue of $331.83 million during the quarter, compared to analysts' expectations of $327.98 million. During the same quarter in the previous year, the company posted $0.12 EPS. The business's revenue for the quarter was up 28.1% compared to the same quarter last year. On average, analysts predict that CAVA Group will post 0.5 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Theodoros Xenohristos sold 9,348 shares of the company's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $94.88, for a total transaction of $886,938.24. Following the sale, the insider owned 353,271 shares in the company, valued at approximately $33,518,352.48. This represents a 2.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Kelly Costanza sold 10,243 shares of the firm's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $86.63, for a total transaction of $887,351.09. Following the completion of the transaction, the insider directly owned 125,347 shares of the company's stock, valued at $10,858,810.61. This represents a 7.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 67,951 shares of company stock worth $5,409,027 over the last three months. Company insiders own 6.80% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CAVA. Whittier Trust Co. lifted its stake in CAVA Group by 80.9% in the 4th 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 last quarter. First Horizon Advisors Inc. lifted its position in shares of CAVA Group by 1,400.0% in the first quarter. First Horizon Advisors Inc. now owns 285 shares of the company's stock valued at $25,000 after buying an additional 266 shares during the last quarter. Vision Financial Markets LLC acquired a new stake in shares of CAVA Group in the first quarter valued at approximately $26,000. Dagco Inc. bought a new stake in CAVA Group in the 1st quarter valued at $27,000. Finally, Signaturefd LLC lifted its holdings in CAVA Group by 884.4% during the 4th quarter. Signaturefd LLC now owns 315 shares of the company's stock valued at $36,000 after purchasing an additional 283 shares during the last quarter. 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.