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

CAVA Group, Inc. (NYSE:CAVA) has received an average rating of “Moderate Buy” from the twenty-seven analysts that are currently covering the firm, Marketbeat Ratings reports. Eleven research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $85.9231.

A number of analysts have issued reports on CAVA shares. Citigroup raised their target price on CAVA Group from $74.00 to $75.00 and gave the company a “neutral” rating in a report on Wednesday, February 25th. Royal Bank Of Canada increased their price objective on CAVA Group from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, February 25th. UBS Group raised their price objective on shares of CAVA Group from $69.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 25th. Piper Sandler boosted their target price on shares of CAVA Group from $71.00 to $85.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 25th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of CAVA Group in a research note on Wednesday, January 21st.

Insider Activity at CAVA Group

In other news, insider Kelly Costanza sold 1,707 shares of the company’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $62.14, for a total transaction of $106,072.98. Following the completion of the transaction, the insider owned 119,139 shares of the company’s stock, valued at approximately $7,403,297.46. This represents a 1.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kenneth Robert Bertram sold 1,074 shares of the stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $67.41, for a total transaction of $72,398.34. Following the completion of the sale, the insider owned 50,116 shares of the company’s stock, valued at approximately $3,378,319.56. The trade was a 2.10% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 39,055 shares of company stock worth $2,572,303. Insiders own 6.80% of the company’s stock.

Institutional Trading of CAVA Group

A number of hedge funds have recently modified their holdings of CAVA. Cornerstone Planning Group LLC grew its holdings in shares of CAVA Group by 378.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 450 shares of the company’s stock worth $27,000 after purchasing an additional 356 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of CAVA Group in the fourth quarter valued at $25,000. Toth Financial Advisory Corp lifted its position in CAVA Group by 656.7% in the third quarter. Toth Financial Advisory Corp now owns 507 shares of the company’s stock worth $31,000 after purchasing an additional 440 shares during the period. Harbor Investment Advisory LLC boosted its stake in CAVA Group by 347.8% during the fourth quarter. Harbor Investment Advisory LLC now owns 515 shares of the company’s stock worth $30,000 after buying an additional 400 shares in the last quarter. Finally, Western Pacific Wealth Management LP acquired a new stake in CAVA Group during the third quarter worth $33,000. Institutional investors own 73.15% of the company’s stock.

CAVA Group Stock Performance

Shares of NYSE:CAVA opened at $79.51 on Friday. The company has a market cap of $9.25 billion, a P/E ratio of 147.25, a P/E/G ratio of 6.79 and a beta of 2.03. The stock’s 50-day moving average is $74.59 and its 200-day moving average is $64.28. CAVA Group has a 52-week low of $43.41 and a 52-week high of $101.50.

CAVA Group (NYSE:CAVA) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. CAVA Group had a return on equity of 8.43% and a net margin of 5.40%.The business had revenue of $274.99 million for the quarter, compared to analyst estimates of $268.04 million. During the same period in the previous year, the company posted $0.05 earnings per share. The firm’s revenue for the quarter was up 20.9% on a year-over-year basis. As a group, equities analysts predict that CAVA Group will post 0.5 EPS for the current year.

CAVA Group Company Profile

CAVA Group, Inc (NYSE: CAVA) is a leading fast-casual restaurant company specializing in Mediterranean-inspired cuisine. Operating under the CAVA brand, the company offers customizable bowls, pitas and salads built around a variety of proteins, grains, fresh vegetables and house-made spreads. With a focus on high-quality ingredients and made-to-order preparation, CAVA aims to deliver a casual yet elevated dining experience for dine-in, takeout and catering customers.

Founded in 2011 in the Washington, DC metro area by Ike Grigoropoulos, Dimitri Katsanis and Brett Schulman, CAVA has pursued an aggressive growth strategy that included the 2018 acquisition of Zoe’s Kitchen.