CAVA Group (NYSE:CAVA) Reaches New 12-Month High at $98.43

Shares of CAVA Group, Inc. (NYSE:CAVAGet Free Report) reached a new 52-week high on Monday . The stock traded as high as $98.43 and last traded at $98.24, with a volume of 931248 shares changing hands. The stock had previously closed at $94.99.

Analyst Ratings Changes

Several equities analysts recently commented on CAVA shares. Jefferies Financial Group raised their target price on CAVA Group from $72.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Stifel Nicolaus boosted their target price on shares of CAVA Group from $66.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, May 24th. JPMorgan Chase & Co. lowered shares of CAVA Group from an “overweight” rating to a “neutral” rating and set a $77.00 target price on the stock. in a report on Monday, June 3rd. Piper Sandler downgraded shares of CAVA Group from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $63.00 to $92.00 in a report on Thursday, May 30th. Finally, Wedbush upped their price objective on shares of CAVA Group from $74.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 29th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, CAVA Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.50.

Read Our Latest Research Report on CAVA

CAVA Group Stock Down 5.5 %

The business’s fifty day moving average is $86.16 and its two-hundred day moving average is $66.32. The firm has a market cap of $9.73 billion and a price-to-earnings ratio of 208.05.

CAVA Group (NYSE:CAVAGet Free Report) last released its earnings results on Tuesday, May 28th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.04 by $0.08. The company had revenue of $259.01 million during the quarter, compared to analysts’ expectations of $246.02 million. CAVA Group had a return on equity of 5.18% and a net margin of 3.75%. The firm’s revenue for the quarter was up 27.5% compared to the same quarter last year. Research analysts forecast that CAVA Group, Inc. will post 0.34 EPS for the current year.

Insider Buying and Selling at CAVA Group

In other CAVA Group news, insider Kenneth Robert Bertram sold 5,250 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $95.28, for a total value of $500,220.00. Following the transaction, the insider now directly owns 67,005 shares of the company’s stock, valued at $6,384,236.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Kenneth Robert Bertram sold 5,250 shares of the stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $95.28, for a total value of $500,220.00. Following the transaction, the insider now owns 67,005 shares of the company’s stock, valued at approximately $6,384,236.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Tricia K. Tolivar sold 5,949 shares of CAVA Group stock in a transaction on Monday, July 1st. The stock was sold at an average price of $94.47, for a total value of $562,002.03. Following the sale, the chief financial officer now directly owns 297,600 shares of the company’s stock, valued at $28,114,272. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,420,564 shares of company stock worth $124,690,835.

Institutional Trading of CAVA Group

A number of institutional investors and hedge funds have recently modified their holdings of CAVA. Montag A & Associates Inc. acquired a new position in CAVA Group during the fourth quarter valued at approximately $26,000. CWM LLC increased its position in shares of CAVA Group by 101.2% in the 1st quarter. CWM LLC now owns 505 shares of the company’s stock valued at $35,000 after buying an additional 254 shares in the last quarter. Mather Group LLC. acquired a new stake in CAVA Group during the 2nd quarter worth $45,000. American International Group Inc. lifted its holdings in CAVA Group by 194.2% during the first quarter. American International Group Inc. now owns 709 shares of the company’s stock worth $50,000 after acquiring an additional 468 shares in the last quarter. Finally, PSI Advisors LLC grew its stake in CAVA Group by 1,133.3% in the first quarter. PSI Advisors LLC now owns 925 shares of the company’s stock valued at $65,000 after acquiring an additional 850 shares during the period. 73.15% of the stock is owned by institutional investors.

CAVA Group Company Profile

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for CAVA Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CAVA Group and related companies with MarketBeat.com's FREE daily email newsletter.