CAVA Group (NYSE:CAVA) Given New $175.00 Price Target at Stifel Nicolaus

CAVA Group (NYSE:CAVA) had its price target increased by Stifel Nicolaus from $118.00 to $175.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts have also recently issued reports on the stock. UBS Group began coverage on shares of CAVA Group in a research note on Friday, September 27th. They issued a “neutral” rating and a $135.00 price objective on the stock. Citigroup upped their price target on CAVA Group from $115.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. William Blair reissued an “outperform” rating on shares of CAVA Group in a research note on Wednesday. Morgan Stanley lowered CAVA Group from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $90.00 to $110.00 in a research report on Thursday, August 29th. Finally, Loop Capital increased their price target on CAVA Group from $80.00 to $122.00 and gave the company a “hold” rating in a research report on Monday, August 26th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.71.

CAVA Group Price Performance

NYSE CAVA opened at $141.38 on Wednesday. The firm has a market capitalization of $16.16 billion, a PE ratio of 307.35 and a beta of 3.23. CAVA Group has a 12 month low of $31.47 and a 12 month high of $172.43. The company’s 50 day simple moving average is $131.69 and its 200 day simple moving average is $104.46.

CAVA Group (NYSE:CAVA) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. The company had revenue of $243.82 million for the quarter, compared to the consensus estimate of $233.05 million. CAVA Group had a return on equity of 9.23% and a net margin of 5.88%. The company’s quarterly revenue was up 38.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.06 EPS. Sell-side analysts anticipate that CAVA Group will post 0.46 earnings per share for the current fiscal year.

Insider Activity

In other CAVA Group news, CEO Brett Schulman sold 201,504 shares of CAVA Group stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $125.53, for a total value of $25,294,797.12. Following the completion of the sale, the chief executive officer now directly owns 702,590 shares in the company, valued at $88,196,122.70. The trade was a 22.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Tricia K. Tolivar sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $125.64, for a total transaction of $628,200.00. Following the completion of the sale, the chief financial officer now directly owns 292,600 shares of the company’s stock, valued at $36,762,264. This represents a 1.68 % 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 in the last ninety days. Corporate insiders own 12.10% of the company’s stock.

Institutional Investors Weigh In On CAVA Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Nwam LLC raised its holdings in CAVA Group by 2.6% during the third 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 raised its stake in shares of CAVA Group by 3.5% in the 3rd 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 in the last quarter. Farther Finance Advisors LLC lifted its holdings in CAVA Group by 6.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,916 shares of the company’s stock worth $237,000 after purchasing an additional 113 shares during the last quarter. GAMMA Investing LLC boosted its position in CAVA Group by 68.3% during the third quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock worth $38,000 after purchasing an additional 125 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in CAVA Group by 0.5% during the second 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 during the last quarter. Institutional investors and hedge funds own 73.15% of the company’s stock.

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.