CAVA Group's (CAVA) "Neutral" Rating Reiterated at UBS Group

Key Points

• UBS Group has lowered its price target for CAVA Group from $112.00 to $96.00 while maintaining a "neutral" rating on the stock, suggesting a potential upside of 9.21% from its last close.
• Other analysts had differing views, with Bank of America raising its target to $121.00 and JPMorgan reducing theirs to $95.00, indicating a varied outlook among market experts.
• CAVA Group's stock recently opened at $87.91 and reported a quarterly revenue of $331.83 million, reflecting a 28.1% increase from the previous year.

CAVA Group (NYSE:CAVA - Get Free Report)'s stock had its "neutral" rating restated by UBS Group in a research note issued on Tuesday, Marketbeat reports. They presently have a $96.00 price target on the stock, down from their previous price target of $112.00. UBS Group's price objective points to a potential upside of 11.17% from the stock's previous close.

A number of other equities analysts have also issued reports on CAVA. Melius assumed coverage on shares of CAVA Group in a research report on Monday, July 14th. They set a "hold" rating and a $95.00 target price on the stock. Morgan Stanley set a $107.00 price objective on shares of CAVA Group and gave the stock an "equal weight" rating in a report on Monday, July 14th. Barclays increased their target price on shares of CAVA Group from $90.00 to $91.00 and gave the company an "equal weight" rating in a research note on Thursday, July 17th. Robert W. Baird boosted their price target on CAVA Group from $105.00 to $115.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Finally, 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, CAVA Group has an average rating of "Moderate Buy" and a consensus target price of $119.72.

CAVA Group Price Performance

NYSE CAVA opened at $86.35 on Tuesday. The firm has a market cap of $9.99 billion, a P/E ratio of 71.96, a price-to-earnings-growth ratio of 4.37 and a beta of 2.65. The stock's 50-day moving average is $83.14 and its two-hundred day moving average is $93.52. CAVA Group has a fifty-two week low of $70.00 and a fifty-two week high of $172.43.

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, topping analysts' consensus estimates of $0.14 by $0.08. The firm had revenue of $331.83 million during the quarter, compared to analyst estimates of $327.98 million. CAVA Group had a net margin of 13.70% and a return on equity of 10.61%. The business's revenue was up 28.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.12 EPS. On average, equities analysts expect that CAVA Group will post 0.5 EPS for the current year.

Insider Buying and Selling

In other news, insider Theodoros Xenohristos sold 3,062 shares of the stock in a transaction on Monday, June 16th. The shares were sold at an average price of $75.16, for a total transaction of $230,139.92. Following the completion of the sale, the insider owned 350,209 shares of the company's stock, valued at $26,321,708.44. This represents a 0.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Tricia K. Tolivar sold 4,845 shares of the business's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $75.16, for a total transaction of $364,150.20. Following the completion of the sale, the chief financial officer directly owned 236,345 shares in the company, valued at $17,763,690.20. This represents a 2.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,951 shares of company stock valued at $5,409,027. 6.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On CAVA Group

Several institutional investors have recently bought and sold shares of CAVA. Jennison Associates LLC lifted its stake in CAVA Group by 246.1% in the 1st quarter. Jennison Associates LLC now owns 8,519,459 shares of the company's stock valued at $736,166,000 after purchasing an additional 6,057,727 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of CAVA Group by 114.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,394,561 shares of the company's stock valued at $206,915,000 after purchasing an additional 1,277,912 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of CAVA Group by 13.2% during the 1st quarter. Vanguard Group Inc. now owns 9,065,782 shares of the company's stock worth $783,374,000 after buying an additional 1,054,180 shares during the last quarter. Nuveen LLC bought a new stake in shares of CAVA Group during the 1st quarter worth about $72,800,000. Finally, Alliancebernstein L.P. grew its stake in CAVA Group by 2,072.1% in the 1st quarter. Alliancebernstein L.P. now owns 852,691 shares of the company's stock valued at $73,681,000 after buying an additional 813,434 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.