CAVA Group (NYSE:CAVA) Given New $120.00 Price Target at TD Securities

CAVA Group (NYSE:CAVA - Free Report) had its price objective reduced by TD Securities from $130.00 to $120.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages have also commented on CAVA. Wedbush restated an "outperform" rating and set a $150.00 price objective on shares of CAVA Group in a research report on Wednesday, February 26th. Barclays dropped their price objective on shares of CAVA Group from $127.00 to $104.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 26th. Bank of America assumed coverage on CAVA Group in a research report on Monday, March 31st. They set a "buy" rating and a $112.00 price objective for the company. Citigroup dropped their target price on CAVA Group from $163.00 to $140.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. Finally, William Blair reiterated an "outperform" rating on shares of CAVA Group in a report on Wednesday, February 26th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, CAVA Group presently has an average rating of "Moderate Buy" and an average target price of $124.19.

CAVA Group Price Performance

NYSE CAVA traded down $0.28 on Monday, hitting $90.74. 1,877,597 shares of the company were exchanged, compared to its average volume of 3,126,718. CAVA Group has a twelve month low of $62.74 and a twelve month high of $172.43. The company's 50 day moving average price is $87.76 and its 200-day moving average price is $116.00. The firm has a market capitalization of $10.49 billion, a P/E ratio of 197.26 and a beta of 3.33.

CAVA Group (NYSE:CAVA - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $227.40 million for the quarter, compared to analysts' expectations of $223.34 million. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. As a group, equities analysts expect that CAVA Group will post 0.5 EPS for the current year.

Insider Buying and Selling at CAVA Group

In other CAVA Group news, insider Kenneth Robert Bertram sold 678 shares of the business's stock in a transaction on Monday, January 27th. The stock was sold at an average price of $124.39, for a total value of $84,336.42. Following the transaction, the insider now owns 57,312 shares of the company's stock, valued at approximately $7,129,039.68. The trade was a 1.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Adam David Phillips sold 615 shares of the firm's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $124.39, for a total value of $76,499.85. Following the completion of the sale, the chief accounting officer now owns 10,884 shares of the company's stock, valued at approximately $1,353,860.76. This trade represents a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,734 shares of company stock worth $713,252 over the last three months. Company insiders own 12.10% of the company's stock.

Institutional Investors Weigh In On CAVA Group

A number of hedge funds have recently added to or reduced their stakes in CAVA. MML Investors Services LLC bought a new position in CAVA Group in the 3rd quarter worth approximately $288,000. Virtu Financial LLC lifted its stake in shares of CAVA Group by 306.9% during the third quarter. Virtu Financial LLC now owns 40,088 shares of the company's stock valued at $4,965,000 after acquiring an additional 30,235 shares during the period. Wilmington Savings Fund Society FSB bought a new position in CAVA Group in the third quarter valued at about $286,000. Lord Abbett & CO. LLC increased its position in CAVA Group by 1.5% in the third quarter. Lord Abbett & CO. LLC now owns 1,358,250 shares of the company's stock worth $168,219,000 after purchasing an additional 19,493 shares during the period. Finally, GAMMA Investing LLC increased its position in CAVA Group by 37.0% in the fourth quarter. GAMMA Investing LLC now owns 422 shares of the company's stock worth $48,000 after purchasing an additional 114 shares during the period. 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.