CAVA Group, Inc. (NYSE:CAVA) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of CAVA Group, Inc. (NYSE:CAVA) have received a consensus rating of “Moderate Buy” from the sixteen ratings firms that are covering the company, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $142.13.

Several research firms recently commented on CAVA. William Blair reissued an “outperform” rating on shares of CAVA Group in a research note on Wednesday, November 13th. Sanford C. Bernstein initiated coverage on CAVA Group in a research report on Wednesday, November 20th. They set a “market perform” rating and a $145.00 price objective for the company. Loop Capital lifted their target price on CAVA Group from $122.00 to $147.00 and gave the stock a “hold” rating in a report on Thursday, November 14th. Citigroup upped their target price on CAVA Group from $140.00 to $163.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Finally, Piper Sandler lifted their price target on CAVA Group from $100.00 to $142.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th.

Insider Buying and Selling at CAVA Group

In other news, Director Karen Kochevar sold 15,000 shares of CAVA Group stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $140.00, for a total transaction of $2,100,000.00. Following the completion of the sale, the director now directly owns 1,307 shares in the company, valued at $182,980. The trade was a 91.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Tricia K. Tolivar sold 2,086 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total value of $248,609.48. Following the completion of the sale, the chief financial officer now directly owns 235,592 shares of the company’s stock, valued at approximately $28,077,854.56. The trade was a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 681,784 shares of company stock valued at $100,756,372 in the last quarter. Company insiders own 12.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Jennison Associates LLC raised its holdings in CAVA Group by 36,658.7% during the fourth quarter. Jennison Associates LLC now owns 2,461,732 shares of the company’s stock valued at $277,683,000 after buying an additional 2,455,035 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of CAVA Group by 121.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,222,834 shares of the company’s stock valued at $151,492,000 after acquiring an additional 669,599 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of CAVA Group in the 4th quarter valued at approximately $59,516,000. Charles Schwab Investment Management Inc. lifted its holdings in CAVA Group by 262.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 516,092 shares of the company’s stock worth $63,918,000 after purchasing an additional 373,835 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its position in CAVA Group by 17.0% during the third quarter. Two Sigma Advisers LP now owns 2,210,900 shares of the company’s stock worth $273,820,000 after purchasing an additional 321,800 shares during the period. Institutional investors own 73.15% of the company’s stock.

CAVA Group Stock Performance

CAVA opened at $140.70 on Tuesday. The company has a market capitalization of $16.12 billion, a PE ratio of 305.87 and a beta of 3.25. The stock’s fifty day moving average is $124.93 and its 200-day moving average is $122.54. CAVA Group has a one year low of $48.10 and a one year high of $172.43.

CAVA Group (NYSE:CAVA) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.15 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $233.05 million. During the same period in the previous year, the business earned $0.06 earnings per share. CAVA Group’s revenue for the quarter was up 38.9% compared to the same quarter last year. On average, equities research analysts forecast that CAVA Group will post 0.5 EPS for the current fiscal year.

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.