CAVA Group, Inc. (NYSE:CAVA) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of CAVA Group, Inc. (NYSE:CAVA) have been assigned a consensus rating of “Moderate Buy” from the sixteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $131.47.

A number of research firms have recently weighed in on CAVA. Citigroup cut their price objective on shares of CAVA Group from $163.00 to $140.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. TD Securities reduced their price target on CAVA Group from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. William Blair reaffirmed an “outperform” rating on shares of CAVA Group in a research report on Wednesday, February 26th. Piper Sandler upgraded CAVA Group from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $142.00 to $115.00 in a research report on Friday, February 28th. Finally, Wedbush restated an “outperform” rating and issued a $150.00 price target on shares of CAVA Group in a report on Wednesday, February 26th.

CAVA Group Price Performance

CAVA stock opened at $85.75 on Wednesday. The company’s 50 day simple moving average is $108.04 and its 200-day simple moving average is $121.95. CAVA Group has a 12 month low of $58.22 and a 12 month high of $172.43. The firm has a market capitalization of $9.91 billion, a PE ratio of 186.41 and a beta of 3.58.

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

Insider Transactions at CAVA Group

In other news, CEO Brett Schulman sold 20,564 shares of CAVA Group stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total transaction of $2,450,817.52. Following the sale, the chief executive officer now owns 776,369 shares in the company, valued at $92,527,657.42. This trade represents a 2.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Adam David Phillips sold 615 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 transaction of $76,499.85. Following the transaction, the chief accounting officer now directly owns 10,884 shares in the company, valued at approximately $1,353,860.76. The trade was a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,235 shares of company stock valued at $3,514,101 over the last 90 days. Corporate insiders own 12.10% of the company’s stock.

Institutional Trading of CAVA Group

Large investors have recently modified their holdings of the business. Arcadia Investment Management Corp MI bought a new stake in shares of CAVA Group in the fourth quarter worth $25,000. Allworth Financial LP increased its position in shares of CAVA Group by 369.2% in the 4th quarter. Allworth Financial LP now owns 244 shares of the company’s stock worth $30,000 after purchasing an additional 192 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of CAVA Group by 274.0% in the 4th quarter. Larson Financial Group LLC now owns 273 shares of the company’s stock valued at $31,000 after purchasing an additional 200 shares in the last quarter. Whittier Trust Co. lifted its position in shares of CAVA Group by 80.9% during the fourth quarter. Whittier Trust Co. now owns 284 shares of the company’s stock worth $32,000 after purchasing an additional 127 shares during the last quarter. Finally, Signaturefd LLC grew its stake in CAVA Group by 884.4% in the fourth quarter. Signaturefd LLC now owns 315 shares of the company’s stock worth $36,000 after purchasing an additional 283 shares in 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.