Wall Street Zen downgraded shares of CAVA Group (NYSE:CAVA – Free Report) from a hold rating to a sell rating in a research report sent to investors on Friday morning.
Other equities research analysts have also issued reports about the company. Loop Capital decreased their target price on CAVA Group from $147.00 to $100.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Sanford C. Bernstein raised CAVA Group from a “market perform” rating to an “outperform” rating and set a $115.00 price objective for the company in a report on Wednesday, April 23rd. Citigroup lifted their price objective on CAVA Group from $114.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. Stifel Nicolaus decreased their price objective on CAVA Group from $175.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, June 18th. Finally, Bank of America lifted their price objective on CAVA Group from $112.00 to $121.00 and gave the stock a “buy” rating in a report on Monday, May 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $118.94.
Get Our Latest Stock Analysis on CAVA Group
CAVA Group Price Performance
CAVA Group (NYSE:CAVA – Get Free Report) last announced its earnings results on Thursday, May 15th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.08. CAVA Group had a return on equity of 10.61% and a net margin of 13.70%. The firm had revenue of $331.83 million during the quarter, compared to analyst estimates of $327.98 million. During the same period last year, the firm posted $0.12 EPS. The business’s revenue was up 28.1% compared to the same quarter last year. As a group, equities analysts anticipate that CAVA Group will post 0.5 EPS for the current fiscal year.
Insider Buying and Selling at CAVA Group
In other CAVA Group news, insider Kelly Costanza sold 2,799 shares of CAVA Group stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $75.16, for a total transaction of $210,372.84. Following the completion of the transaction, the insider now owns 122,548 shares of the company’s stock, valued at $9,210,707.68. The trade was a 2.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Theodoros Xenohristos sold 9,348 shares of CAVA Group stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $94.88, for a total value of $886,938.24. Following the transaction, the insider now directly owns 353,271 shares of the company’s stock, valued at $33,518,352.48. The trade was a 2.58% decrease in their position. The disclosure for this sale can be found here. Insiders sold 67,951 shares of company stock valued at $5,409,027 in the last quarter. 6.80% of the stock is currently owned by corporate insiders.
Institutional Trading of CAVA Group
Large investors have recently modified their holdings of the business. Larson Financial Group LLC boosted its position in shares of CAVA Group by 274.0% during the 4th quarter. Larson Financial Group LLC now owns 273 shares of the company’s stock valued at $31,000 after acquiring an additional 200 shares during the last quarter. Whittier Trust Co. boosted its position in shares of CAVA Group by 80.9% during the 4th quarter. Whittier Trust Co. now owns 284 shares of the company’s stock valued at $32,000 after acquiring an additional 127 shares during the last quarter. First Horizon Advisors Inc. boosted its position in shares of CAVA Group by 1,400.0% during the 1st quarter. First Horizon Advisors Inc. now owns 285 shares of the company’s stock valued at $25,000 after acquiring an additional 266 shares during the last quarter. Vision Financial Markets LLC bought a new stake in shares of CAVA Group during the 1st quarter valued at about $26,000. Finally, Dagco Inc. bought a new stake in shares of CAVA Group during the 1st quarter valued at about $27,000. Institutional investors 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.
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