CAVA Group (NYSE:CAVA) Given New $100.00 Price Target at Loop Capital

CAVA Group (NYSE:CAVA) had its price target lowered by equities research analysts at Loop Capital from $147.00 to $100.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Loop Capital’s price objective indicates a potential upside of 10.58% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. TD Cowen upped their price target on CAVA Group from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. TD Securities lowered their price objective on shares of CAVA Group from $150.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday. Barclays reduced their price target on CAVA Group from $127.00 to $104.00 and set an “equal weight” rating on the stock in a research report on Wednesday. William Blair reaffirmed an “outperform” rating on shares of CAVA Group in a research note on Wednesday. Finally, Morgan Stanley raised their target price on CAVA Group from $123.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, November 14th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $133.27.

CAVA Group Trading Down 8.6 %

NYSE CAVA traded down $8.53 during midday trading on Thursday, hitting $90.43. The company had a trading volume of 4,300,241 shares, compared to its average volume of 2,592,769. CAVA Group has a twelve month low of $54.21 and a twelve month high of $172.43. The company has a market capitalization of $10.36 billion, a PE ratio of 196.67 and a beta of 3.25. The firm has a 50-day moving average price of $121.75 and a 200-day moving average price of $125.78.

CAVA Group (NYSE:CAVA) last released its earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. The firm had revenue of $227.40 million for the quarter, compared to analyst estimates of $223.34 million. On average, equities analysts anticipate that CAVA Group will post 0.5 EPS for the current year.

Insider Buying and Selling at CAVA Group

In other news, insider Kenneth Robert Bertram sold 678 shares of the business’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $124.39, for a total value of $84,336.42. Following the sale, the insider now owns 57,312 shares of the company’s stock, valued at approximately $7,129,039.68. The trade was a 1.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ronald M. Shaich sold 622,549 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $149.40, for a total value of $93,008,820.60. Following the sale, the director now directly owns 6,307 shares in the company, valued at $942,265.80. This trade represents a 99.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 651,784 shares of company stock worth $96,522,922. Corporate insiders own 12.10% of the company’s stock.

Institutional Investors Weigh In On CAVA Group

Several institutional investors have recently made changes to their positions in the company. Jennison Associates LLC boosted its position in shares of CAVA Group by 36,658.7% in the fourth quarter. Jennison Associates LLC now owns 2,461,732 shares of the company’s stock valued at $277,683,000 after acquiring an additional 2,455,035 shares during the period. Vanguard Group Inc. lifted its holdings in CAVA Group by 20.4% during the 4th quarter. Vanguard Group Inc. now owns 8,011,602 shares of the company’s stock valued at $903,709,000 after purchasing an additional 1,357,187 shares during the last quarter. Man Group plc boosted its holdings in shares of CAVA Group by 563.7% in the 4th quarter. Man Group plc now owns 935,075 shares of the company’s stock worth $105,476,000 after acquiring an additional 794,187 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of CAVA Group by 121.0% in the third quarter. Geode Capital Management LLC now owns 1,222,834 shares of the company’s stock valued at $151,492,000 after buying an additional 669,599 shares during the last quarter. Finally, Barclays PLC boosted its position in CAVA Group by 116.7% in the 4th quarter. Barclays PLC now owns 84,755 shares of the company’s stock valued at $9,560,000 after buying an additional 591,866 shares during the last quarter. 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.