CAVA Group (NYSE:CAVA) Stock Price Up 7.6% - Should You Buy?

CAVA Group, Inc. (NYSE:CAVA - Get Free Report)'s share price traded up 7.6% on Monday . The stock traded as high as $82.12 and last traded at $83.85. 872,583 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 3,157,400 shares. The stock had previously closed at $77.89.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Stifel Nicolaus cut their price target on CAVA Group from $175.00 to $125.00 and set a "buy" rating on the stock in a research note on Wednesday, June 18th. KeyCorp started coverage on CAVA Group in a report on Wednesday. They issued an "overweight" rating and a $100.00 target price for the company. JPMorgan Chase & Co. reduced their target price on CAVA Group from $115.00 to $95.00 and set an "overweight" rating for the company in a report on Wednesday, June 25th. Sanford C. Bernstein raised CAVA Group from a "market perform" rating to an "outperform" rating and set a $115.00 target price for the company in a report on Wednesday, April 23rd. Finally, UBS Group reduced their target price on CAVA Group from $125.00 to $112.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $117.82.

CAVA Group Price Performance

The company has a market capitalization of $10.02 billion, a PE ratio of 72.25, a P/E/G ratio of 3.86 and a beta of 2.65. The company has a 50-day moving average of $84.98 and a two-hundred day moving average of $98.36.

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

Insider Activity at CAVA Group

In related news, insider Jennifer Somers sold 2,861 shares of CAVA Group stock in a transaction on Monday, June 16th. The stock was sold at an average price of $75.16, for a total transaction of $215,032.76. Following the transaction, the insider directly owned 137,048 shares in the company, valued at approximately $10,300,527.68. The trade was a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kelly Costanza sold 10,243 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $86.63, for a total value of $887,351.09. Following the sale, the insider directly owned 125,347 shares in the company, valued at approximately $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 sold 67,951 shares of company stock valued at $5,409,027 in the last ninety days. Corporate insiders own 6.80% of the company's stock.

Institutional Investors Weigh In On CAVA Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Larson Financial Group LLC raised its holdings in CAVA Group by 274.0% during the fourth quarter. Larson Financial Group LLC now owns 273 shares of the company's stock valued at $31,000 after acquiring an additional 200 shares during the period. Whittier Trust Co. raised its holdings in CAVA Group by 80.9% during the fourth quarter. Whittier Trust Co. now owns 284 shares of the company's stock valued at $32,000 after acquiring an additional 127 shares during the period. First Horizon Advisors Inc. raised its holdings in CAVA Group by 1,400.0% during the first quarter. First Horizon Advisors Inc. now owns 285 shares of the company's stock valued at $25,000 after acquiring an additional 266 shares during the period. Vision Financial Markets LLC bought a new stake in CAVA Group during the first quarter valued at about $26,000. Finally, Dagco Inc. bought a new stake in CAVA Group during the first quarter valued at about $27,000. 73.15% of the stock is owned by institutional investors.

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.