Stifel Nicolaus Raises CAVA Group (NYSE:CAVA) Price Target to $110.00

CAVA Group (NYSE:CAVA) had its price objective upped by Stifel Nicolaus from $90.00 to $110.00 in a report issued on Monday morning, Benzinga reports. They currently have a buy rating on the stock.

CAVA has been the subject of a number of other research reports. Morgan Stanley upped their price target on CAVA Group from $85.00 to $90.00 and gave the stock an overweight rating in a research report on Tuesday, July 16th. TD Cowen lifted their price target on shares of CAVA Group from $90.00 to $95.00 and gave the company a buy rating in a report on Thursday, June 13th. JPMorgan Chase & Co. cut shares of CAVA Group from an overweight rating to a neutral rating and set a $77.00 price objective for the company. in a research note on Monday, June 3rd. Jefferies Financial Group upped their target price on shares of CAVA Group from $72.00 to $94.00 and gave the stock a buy rating in a report on Wednesday, May 29th. Finally, Citigroup raised their price target on CAVA Group from $60.00 to $81.00 and gave the company a neutral rating in a report on Tuesday, May 21st. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, CAVA Group currently has an average rating of Moderate Buy and a consensus target price of $84.42.

CAVA Group Trading Up 4.7 %

CAVA opened at $102.82 on Monday. The company’s 50 day moving average is $89.03 and its 200 day moving average is $75.14. The company has a market cap of $11.72 billion, a price-to-earnings ratio of 250.78 and a beta of 3.27. CAVA Group has a 12-month low of $29.05 and a 12-month high of $102.90.

CAVA Group (NYSE:CAVA) last issued its quarterly earnings results on Tuesday, May 28th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.08. The business had revenue of $259.01 million for the quarter, compared to analysts’ expectations of $246.02 million. CAVA Group had a net margin of 3.75% and a return on equity of 5.18%. The business’s quarterly revenue was up 27.5% compared to the same quarter last year. As a group, analysts predict that CAVA Group will post 0.34 EPS for the current fiscal year.

Insider Transactions at CAVA Group

In related news, insider Kenneth Robert Bertram sold 5,250 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now directly owns 67,005 shares of the company’s stock, valued at $6,384,236.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Kenneth Robert Bertram sold 5,250 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $95.28, for a total transaction of $500,220.00. Following the sale, the insider now directly owns 67,005 shares in the company, valued at approximately $6,384,236.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brett Schulman sold 66,414 shares of CAVA Group stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $90.11, for a total value of $5,984,565.54. Following the completion of the transaction, the chief executive officer now owns 904,094 shares of the company’s stock, valued at approximately $81,467,910.34. The disclosure for this sale can be found here. Insiders have sold 1,420,564 shares of company stock valued at $124,690,835 in the last ninety days.

Hedge Funds Weigh In On CAVA Group

Large investors have recently modified their holdings of the stock. B. Riley Wealth Advisors Inc. purchased a new position in CAVA Group during the second quarter worth $368,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of CAVA Group by 98.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 875 shares of the company’s stock worth $81,000 after purchasing an additional 433 shares during the period. Creative Planning grew its holdings in CAVA Group by 24.7% during the 2nd quarter. Creative Planning now owns 5,046 shares of the company’s stock valued at $468,000 after purchasing an additional 1,000 shares during the last quarter. Nemes Rush Group LLC purchased a new stake in CAVA Group in the 2nd quarter worth about $28,000. Finally, Algert Global LLC bought a new stake in CAVA Group in the second quarter worth about $426,000. 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.