Stifel Nicolaus Issues Positive Forecast for CAVA Group (NYSE:CAVA) Stock Price

CAVA Group (NYSE:CAVA) had its price objective upped by Stifel Nicolaus from $118.00 to $175.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 8.43% from the stock’s previous close.

CAVA has been the topic of a number of other research reports. Barclays lifted their target price on CAVA Group from $113.00 to $142.00 and gave the company an “equal weight” rating in a research report on Wednesday. Robert W. Baird upped their price objective on shares of CAVA Group from $125.00 to $148.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. raised their target price on shares of CAVA Group from $90.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday. Loop Capital raised their target price on CAVA Group from $80.00 to $122.00 and gave the stock a “hold” rating in a research report on Monday, August 26th. Finally, William Blair reiterated an “outperform” rating on shares of CAVA Group in a report on Wednesday. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $134.93.

CAVA Group Trading Up 11.3 %

NYSE CAVA traded up $16.37 during trading on Wednesday, reaching $161.40. The company’s stock had a trading volume of 6,622,298 shares, compared to its average volume of 2,714,387. The firm has a market capitalization of $18.45 billion, a price-to-earnings ratio of 433.24 and a beta of 3.23. CAVA Group has a 12 month low of $31.41 and a 12 month high of $172.43. The firm has a 50 day moving average price of $130.09 and a 200 day moving average price of $103.20.

CAVA Group (NYSE:CAVA) last posted its quarterly earnings results 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 5.04% and a return on equity of 7.37%. The business had revenue of $243.82 million for the quarter, compared to analyst estimates of $233.05 million. During the same quarter last year, the business posted $0.06 EPS. The firm’s revenue for the quarter was up 38.9% on a year-over-year basis. On average, equities analysts forecast that CAVA Group will post 0.44 EPS for the current fiscal year.

Insiders Place Their Bets

In other 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 value of $12,387,087.30. Following the sale, the director now directly owns 424,846 shares of the company’s stock, valued at approximately $53,432,881.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, 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 value 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 trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Brett Schulman sold 201,504 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 702,590 shares of the company’s stock, valued at approximately $88,196,122.70. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 304,994 shares of company stock worth $38,310,084 over the last 90 days. Corporate insiders own 12.10% of the company’s stock.

Hedge Funds Weigh In On CAVA Group

Several hedge funds have recently made changes to their positions in the business. Jamison Private Wealth Management Inc. purchased a new position in shares of CAVA Group during the second quarter valued at about $28,000. Nemes Rush Group LLC purchased a new position in shares of CAVA Group during the second quarter valued at approximately $28,000. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of CAVA Group in the 2nd quarter worth approximately $36,000. Headlands Technologies LLC purchased a new position in CAVA Group during the second quarter valued at $37,000. Finally, GAMMA Investing LLC grew its position in 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 during the last quarter. 73.15% of the stock is 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.