CAVA Group (NYSE:CAVA) Price Target Raised to $190.00

CAVA Group (NYSE:CAVA) had its price objective increased by Wedbush from $155.00 to $190.00 in a report issued on Wednesday, Marketbeat reports. They currently have an outperform rating on the stock. Wedbush also issued estimates for CAVA Group’s Q4 2024 earnings at $0.06 EPS, FY2024 earnings at $0.50 EPS, Q2 2025 earnings at $0.23 EPS, Q3 2025 earnings at $0.22 EPS, Q4 2025 earnings at $0.12 EPS and FY2025 earnings at $0.70 EPS.

Several other equities analysts have also issued reports on CAVA. Argus boosted their price target on CAVA Group from $104.00 to $128.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Loop Capital boosted their price objective on CAVA Group from $80.00 to $122.00 and gave the company a “hold” rating in a research report on Monday, August 26th. Stifel Nicolaus raised their target price on CAVA Group from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, August 19th. Robert W. Baird boosted their price target on shares of CAVA Group from $125.00 to $148.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Finally, UBS Group started coverage on shares of CAVA Group in a report on Friday, September 27th. They set a “neutral” rating and a $135.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $143.71.

CAVA Group Stock Performance

CAVA opened at $141.23 on Wednesday. The stock has a 50-day moving average of $131.69 and a 200-day moving average of $104.24. CAVA Group has a 52-week low of $31.47 and a 52-week high of $172.43. The company has a market cap of $16.15 billion, a PE ratio of 307.02 and a beta of 3.23.

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

Insider Activity

In related news, CFO Tricia K. Tolivar sold 5,000 shares of CAVA Group stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $125.64, for a total transaction of $628,200.00. Following the sale, the chief financial officer now directly owns 292,600 shares of the company’s stock, valued at approximately $36,762,264. The trade was a 1.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Brett Schulman sold 201,504 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were 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 directly owns 702,590 shares of the company’s stock, valued at approximately $88,196,122.70. The trade was a 22.29 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 304,994 shares of company stock worth $38,310,084. Corporate insiders own 12.10% of the company’s stock.

Institutional Investors Weigh In On CAVA Group

Several hedge funds have recently added to or reduced their stakes in CAVA. Conway Capital Management Inc. acquired a new stake in shares of CAVA Group in the third quarter valued at about $5,524,000. M&T Bank Corp boosted its holdings in CAVA Group by 75.2% in the third quarter. M&T Bank Corp now owns 6,320 shares of the company’s stock valued at $783,000 after acquiring an additional 2,712 shares during the last quarter. Nomura Asset Management Co. Ltd. bought a new stake in CAVA Group in the third quarter valued at approximately $285,000. MML Investors Services LLC bought a new position in CAVA Group during the 3rd quarter worth approximately $288,000. Finally, XTX Topco Ltd acquired a new position in shares of CAVA Group in the 3rd quarter worth approximately $828,000. 73.15% of the stock is currently owned by institutional investors and hedge funds.

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.