CAVA Group (NYSE:CAVA) Price Target Raised to $110.00

CAVA Group (NYSE:CAVA) had its price target upped by JPMorgan Chase & Co. from $90.00 to $110.00 in a research report report published on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities analysts have also recently weighed in on CAVA. Jefferies Financial Group raised their target price on shares of CAVA Group from $94.00 to $117.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Argus lifted their target price on CAVA Group from $104.00 to $128.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Citigroup boosted their target price on CAVA Group from $115.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. TD Cowen raised their price target on CAVA Group from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Barclays upped their price objective on CAVA Group from $95.00 to $113.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $143.71.

CAVA Group Stock Up 2.1 %

NYSE:CAVA opened at $141.23 on Wednesday. The stock has a market cap of $16.15 billion, a PE ratio of 307.02 and a beta of 3.23. The business’s 50-day simple moving average is $131.69 and its two-hundred day simple moving average is $104.24. CAVA Group has a 52 week low of $31.47 and a 52 week high of $172.43.

CAVA Group (NYSE:CAVA) last issued its earnings results on Tuesday, November 12th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.04. CAVA Group had a return on equity of 9.23% and a net margin of 5.88%. The company had revenue of $243.82 million for the quarter, compared to the consensus estimate of $233.05 million. During the same quarter last year, the company earned $0.06 EPS. The firm’s quarterly revenue was up 38.9% on a year-over-year basis. Sell-side analysts anticipate that CAVA Group will post 0.46 earnings per share for the current fiscal year.

Insider Activity at CAVA Group

In other news, CFO Tricia K. Tolivar sold 5,000 shares of CAVA Group stock in a transaction on Monday, August 26th. The stock was sold at an average price of $125.64, for a total transaction of $628,200.00. Following the completion of the sale, the chief financial officer now directly owns 292,600 shares in the company, valued at approximately $36,762,264. This trade represents a 1.68 % 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 link. Also, CEO Brett Schulman sold 201,504 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $125.53, for a total transaction of $25,294,797.12. Following the completion of the transaction, the chief executive officer now owns 702,590 shares in the company, valued at approximately $88,196,122.70. The trade was a 22.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 304,994 shares of company stock worth $38,310,084. Insiders own 12.10% of the company’s stock.

Institutional Trading of CAVA Group

Large investors have recently modified their holdings of the company. Nwam LLC grew its holdings in CAVA Group by 2.6% during the 3rd quarter. Nwam LLC now owns 3,368 shares of the company’s stock worth $417,000 after acquiring an additional 85 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of CAVA Group by 3.5% during the third quarter. CIBC Asset Management Inc now owns 3,287 shares of the company’s stock valued at $407,000 after purchasing an additional 110 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in CAVA Group by 6.3% during the third quarter. Farther Finance Advisors LLC now owns 1,916 shares of the company’s stock valued at $237,000 after buying an additional 113 shares during the period. GAMMA Investing LLC raised its stake in CAVA Group by 68.3% in the third quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock worth $38,000 after buying an additional 125 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in CAVA Group by 0.5% during the second quarter. Dimensional Fund Advisors LP now owns 39,154 shares of the company’s stock worth $3,632,000 after buying an additional 184 shares during the period. Hedge funds and other 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.