CAVA Group (NYSE:CAVA) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

CAVA Group (NYSE:CAVA) had its price objective upped by Stifel Nicolaus from $118.00 to $175.00 in a research report released on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts also recently weighed in on CAVA. JPMorgan Chase & Co. lifted their target price on CAVA Group from $90.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday. Jefferies Financial Group boosted their price objective on CAVA Group from $94.00 to $117.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Morgan Stanley lowered CAVA Group from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $90.00 to $110.00 in a research note on Thursday, August 29th. UBS Group initiated coverage on shares of CAVA Group in a research note on Friday, September 27th. They set a “neutral” rating and a $135.00 price target on the stock. Finally, TD Cowen increased their price target on shares of CAVA Group from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $143.71.

CAVA Group Stock Up 2.2 %

CAVA opened at $141.38 on Wednesday. The stock’s 50 day moving average price is $131.69 and its two-hundred day moving average price is $104.46. The firm has a market capitalization of $16.16 billion, a P/E ratio of 307.35 and a beta of 3.23. CAVA Group has a 12-month low of $31.47 and a 12-month high of $172.43.

CAVA Group (NYSE:CAVA) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.04. CAVA Group had a net margin of 5.88% and a return on equity of 9.23%. The business 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 posted $0.06 earnings per share. CAVA Group’s quarterly revenue was up 38.9% on a year-over-year basis. As a group, analysts anticipate that CAVA Group will post 0.46 earnings per share for the current year.

Insider Activity at CAVA Group

In other CAVA Group news, Director Theodoros Xenohristos sold 98,490 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $125.77, for a total transaction of $12,387,087.30. Following the sale, the director now owns 424,846 shares of the company’s stock, valued at $53,432,881.42. This represents a 18.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Tricia K. Tolivar sold 5,000 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 292,600 shares of the company’s stock, valued at approximately $36,762,264. This represents a 1.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 304,994 shares of company stock valued at $38,310,084 in the last three months. Corporate insiders own 12.10% of the company’s stock.

Institutional Trading of CAVA Group

A number of hedge funds and other institutional investors have recently modified their holdings of CAVA. Capital Research Global Investors boosted its position in CAVA Group by 21.6% in the 1st quarter. Capital Research Global Investors now owns 5,311,335 shares of the company’s stock valued at $372,059,000 after buying an additional 942,054 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of CAVA Group by 215.7% during the first quarter. Vanguard Group Inc. now owns 4,944,036 shares of the company’s stock valued at $346,330,000 after acquiring an additional 3,377,840 shares during the period. FMR LLC boosted its holdings in CAVA Group by 0.9% in the third quarter. FMR LLC now owns 3,485,033 shares of the company’s stock valued at $431,621,000 after acquiring an additional 29,668 shares during the last quarter. Two Sigma Advisers LP increased its position in CAVA Group by 17.0% in the third quarter. Two Sigma Advisers LP now owns 2,210,900 shares of the company’s stock worth $273,820,000 after purchasing an additional 321,800 shares during the period. Finally, State Street Corp raised its holdings in CAVA Group by 33.3% during the 3rd quarter. State Street Corp now owns 1,267,333 shares of the company’s stock worth $156,959,000 after purchasing an additional 316,514 shares during the last quarter. Institutional investors and hedge funds 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.