CAVA Group (CAVA) – Investment Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for CAVA Group (NYSE: CAVA):

• 11/20/2024 – CAVA Group is now covered by analysts at Sanford C. Bernstein. They set a “market perform” rating and a $145.00 price target on the stock.
• 11/15/2024 – CAVA Group had its price target raised by analysts at Piper Sandler from $100.00 to $142.00. They now have a “neutral” rating on the stock.
• 11/14/2024 – CAVA Group had its price target raised by analysts at Loop Capital from $122.00 to $147.00. They now have a “hold” rating on the stock.
• 11/14/2024 – CAVA Group had its price target raised by analysts at Morgan Stanley from $123.00 to $135.00. They now have an “equal weight” rating on the stock.
• 11/13/2024 – CAVA Group had its “outperform” rating reaffirmed by analysts at William Blair.
• 11/13/2024 – CAVA Group had its price target raised by analysts at Wedbush from $155.00 to $190.00. They now have an “outperform” rating on the stock.
• 11/13/2024 – CAVA Group had its price target raised by analysts at Citigroup Inc. from $140.00 to $163.00. They now have a “neutral” rating on the stock.
• 11/13/2024 – CAVA Group had its price target raised by analysts at JPMorgan Chase & Co. from $90.00 to $110.00. They now have a “neutral” rating on the stock.
• 11/13/2024 – CAVA Group had its price target raised by analysts at Barclays PLC from $113.00 to $142.00. They now have an “equal weight” rating on the stock.
• 11/13/2024 – CAVA Group had its price target raised by analysts at Stifel Nicolaus from $118.00 to $175.00. They now have a “buy” rating on the stock.
• 11/13/2024 – CAVA Group had its price target raised by analysts at TD Cowen from $130.00 to $150.00. They now have a “buy” rating on the stock.
• 11/4/2024 – CAVA Group had its price target raised by analysts at Robert W. Baird from $125.00 to $148.00. They now have an “outperform” rating on the stock.
• 10/29/2024 – CAVA Group had its price target raised by analysts at Citigroup Inc. from $115.00 to $140.00. They now have a “neutral” rating on the stock.
• 10/22/2024 – CAVA Group had its price target raised by analysts at Barclays PLC from $95.00 to $113.00. They now have an “equal weight” rating on the stock.

CAVA Group Price Performance

CAVA opened at $141.23 on Thursday. CAVA Group, Inc. has a fifty-two week low of $31.47 and a fifty-two week high of $172.43. The firm has a market capitalization of $16.18 billion, a PE ratio of 307.02 and a beta of 3.23. The company’s 50-day moving average is $134.47 and its 200 day moving average is $108.08.

CAVA Group (NYSE:CAVA) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.11 by $0.04. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. The firm had revenue of $243.82 million during the quarter, compared to analyst estimates of $233.05 million. During the same quarter last year, the business posted $0.06 EPS. The company’s revenue for the quarter was up 38.9% on a year-over-year basis. As a group, analysts expect that CAVA Group, Inc. will post 0.5 EPS for the current year.

Insider Transactions at CAVA Group

In related news, Director Karen Kochevar sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $142.23, for a total value of $2,133,450.00. Following the completion of the transaction, the director now directly owns 1,307 shares of the company’s stock, valued at approximately $185,894.61. This trade represents a 91.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Nwam LLC raised its position in shares of CAVA Group by 2.6% during the 3rd quarter. Nwam LLC now owns 3,368 shares of the company’s stock valued at $417,000 after buying an additional 85 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of CAVA Group by 3.5% in the third quarter. CIBC Asset Management Inc now owns 3,287 shares of the company’s stock valued at $407,000 after acquiring an additional 110 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of CAVA Group by 6.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,916 shares of the company’s stock valued at $237,000 after purchasing an additional 113 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of CAVA Group by 68.3% during the 3rd quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock valued at $38,000 after purchasing an additional 125 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of CAVA Group by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 39,154 shares of the company’s stock valued at $3,632,000 after purchasing an additional 184 shares in the last quarter. 73.15% of the stock is owned by institutional investors.

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.