Analysts Set CAVA Group, Inc. (NYSE:CAVA) Price Target at $131.47

Shares of CAVA Group, Inc. (NYSE:CAVA) have received a consensus rating of “Moderate Buy” from the sixteen brokerages that are covering the company, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $131.47.

A number of analysts have recently issued reports on the stock. UBS Group reduced their price target on shares of CAVA Group from $160.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Citigroup decreased their target price on shares of CAVA Group from $163.00 to $140.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. TD Cowen upped their price target on shares of CAVA Group from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. William Blair reissued an “outperform” rating on shares of CAVA Group in a research report on Wednesday, February 26th. Finally, Sanford C. Bernstein initiated coverage on CAVA Group in a research report on Wednesday, November 20th. They issued a “market perform” rating and a $145.00 target price on the stock.

Insider Transactions at CAVA Group

In other news, insider Theodoros Xenohristos sold 851 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total transaction of $101,422.18. Following the transaction, the insider now owns 358,995 shares in the company, valued at approximately $42,785,024.10. The trade was a 0.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Adam David Phillips sold 615 shares of CAVA Group stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $124.39, for a total value of $76,499.85. Following the sale, the chief accounting officer now directly owns 10,884 shares in the company, valued at approximately $1,353,860.76. This trade represents a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 651,784 shares of company stock worth $96,522,922. Company insiders own 12.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Arcadia Investment Management Corp MI bought a new position in shares of CAVA Group during the 4th quarter worth about $25,000. Allworth Financial LP raised its position in CAVA Group by 369.2% in the fourth quarter. Allworth Financial LP now owns 244 shares of the company’s stock worth $30,000 after purchasing an additional 192 shares in the last quarter. Larson Financial Group LLC lifted its stake in CAVA Group by 274.0% during the fourth quarter. Larson Financial Group LLC now owns 273 shares of the company’s stock worth $31,000 after purchasing an additional 200 shares during the period. Whittier Trust Co. boosted its holdings in CAVA Group by 80.9% during the fourth quarter. Whittier Trust Co. now owns 284 shares of the company’s stock valued at $32,000 after purchasing an additional 127 shares in the last quarter. Finally, Signaturefd LLC grew its stake in shares of CAVA Group by 884.4% in the 4th quarter. Signaturefd LLC now owns 315 shares of the company’s stock valued at $36,000 after purchasing an additional 283 shares during the period. 73.15% of the stock is owned by institutional investors.

CAVA Group Stock Performance

Shares of NYSE:CAVA opened at $87.55 on Friday. The firm has a 50 day simple moving average of $120.73 and a 200 day simple moving average of $125.99. CAVA Group has a 52 week low of $56.03 and a 52 week high of $172.43. The company has a market cap of $10.12 billion, a PE ratio of 190.33 and a beta of 3.25.

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

About CAVA Group

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.