TD Securities Boosts CAVA Group (NYSE:CAVA) Price Target to $130.00

CAVA Group (NYSE:CAVA) had its price target increased by TD Securities from $115.00 to $130.00 in a research report report published on Tuesday, Benzinga reports. TD Securities currently has a buy rating on the stock.

A number of other brokerages have also recently issued reports on CAVA. Robert W. Baird lifted their price objective on shares of CAVA Group from $105.00 to $125.00 and gave the company an outperform rating in a report on Friday, August 23rd. Jefferies Financial Group lifted their price target on CAVA Group from $94.00 to $117.00 and gave the company a buy rating in a research note on Friday, August 23rd. Citigroup increased their price objective on CAVA Group from $93.00 to $115.00 and gave the stock a neutral rating in a research note on Friday, August 23rd. Stifel Nicolaus upped their price target on CAVA Group from $90.00 to $110.00 and gave the stock a buy rating in a report on Monday, August 19th. Finally, JPMorgan Chase & Co. increased their price target on CAVA Group from $77.00 to $90.00 and gave the company a neutral rating in a research report on Monday, August 26th. 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, CAVA Group currently has an average rating of Moderate Buy and a consensus price target of $115.64.

CAVA Group Stock Performance

CAVA stock opened at $123.76 on Tuesday. CAVA Group has a fifty-two week low of $29.05 and a fifty-two week high of $131.82. The stock’s 50 day simple moving average is $104.31 and its 200 day simple moving average is $86.85. The company has a market cap of $14.15 billion, a P/E ratio of 301.86 and a beta of 3.34.

CAVA Group (NYSE:CAVA) last issued its earnings results on Thursday, August 22nd. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. CAVA Group had a return on equity of 7.37% and a net margin of 5.04%. The company had revenue of $233.50 million for the quarter, compared to analyst estimates of $219.47 million. During the same period in the prior year, the firm earned $0.21 earnings per share. CAVA Group’s revenue for the quarter was up 35.1% on a year-over-year basis. Equities analysts predict that CAVA Group will post 0.43 earnings per share for the current year.

Insider Activity

In related news, Director Theodoros Xenohristos sold 98,490 shares of CAVA Group stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $125.77, for a total value of $12,387,087.30. Following the sale, the director now owns 424,846 shares of the company’s stock, valued at approximately $53,432,881.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Brett Schulman sold 201,504 shares of CAVA Group stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $125.53, for a total value 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 $88,196,122.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Theodoros Xenohristos sold 98,490 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 424,846 shares in the company, valued at approximately $53,432,881.42. The disclosure for this sale can be found here. Insiders sold 310,943 shares of company stock valued at $38,872,086 in the last three months.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Jamison Private Wealth Management Inc. bought a new position in shares of CAVA Group in the second quarter worth $28,000. Nemes Rush Group LLC bought a new position in CAVA Group in the 2nd quarter worth about $28,000. CWM LLC grew its holdings in CAVA Group by 101.2% during 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. Mark Sheptoff Financial Planning LLC bought a new stake in shares of CAVA Group during the second quarter valued at about $36,000. Finally, Headlands Technologies LLC purchased a new stake in shares of CAVA Group in the second quarter worth about $37,000. 73.15% of the stock is currently owned by hedge funds and other institutional investors.

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.