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

Shares of CAVA Group, Inc. (NYSE:CAVA) have been assigned an average rating of “Moderate Buy” from the twenty-eight research firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, ten have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $93.1852.

Several analysts recently commented on CAVA shares. Weiss Ratings raised CAVA Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday. BMO Capital Markets set a $100.00 price objective on CAVA Group in a research note on Wednesday. Truist Financial raised their price objective on CAVA Group from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. UBS Group increased their target price on CAVA Group from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Finally, The Goldman Sachs Group increased their target price on CAVA Group from $75.00 to $86.00 and gave the stock a “neutral” rating in a report on Monday, April 13th.

CAVA Group Trading Down 0.0%

Shares of CAVA Group stock opened at $80.41 on Monday. The company has a market capitalization of $9.37 billion, a PE ratio of 154.63, a PEG ratio of 5.61 and a beta of 1.90. CAVA Group has a 12 month low of $43.41 and a 12 month high of $98.79. The stock’s fifty day simple moving average is $84.97 and its 200 day simple moving average is $69.85.

CAVA Group (NYSE:CAVA) last issued its quarterly earnings data on Tuesday, May 19th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.17 by $0.03. The business had revenue of $438.27 million for the quarter, compared to the consensus estimate of $360.89 million. CAVA Group had a return on equity of 7.92% and a net margin of 4.79%.The firm’s revenue was up 32.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.22 EPS. Analysts predict that CAVA Group will post 0.54 EPS for the current fiscal year.

More CAVA Group News

Here are the key news stories impacting CAVA Group this week:

• Positive Sentiment: Argus upgraded CAVA Group from hold to buy, reinforcing the optimistic post-earnings sentiment around the stock. Argus upgrade coverage
• Positive Sentiment: Analyst commentary continued to lean bullish, with Piper Sandler reaffirming a buy rating, Roth MKM reiterating buy, and TD Cowen maintaining a buy call. Piper Sandler coverage
• Positive Sentiment: Recent coverage highlighted strong Q1 results, including 9.7% same-restaurant sales growth and improved operating leverage, which supports the case for continued fundamental momentum. Seeking Alpha article
• Neutral Sentiment: DA Davidson raised its price target to $84 from $80 but kept a neutral rating, suggesting upside potential but also valuation caution. DA Davidson price target update
• Neutral Sentiment: Insider selling was disclosed by CAO Adam David Phillips and insider Kelly Costanza, though Costanza’s sale was tied to tax withholding on vesting equity awards, making the signal less negative than a discretionary sale. SEC filing

Insiders Place Their Bets

In other CAVA Group news, CAO Adam David Phillips sold 5,181 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $77.14, for a total transaction of $399,662.34. Following the completion of the transaction, the chief accounting officer owned 9,505 shares in the company, valued at approximately $733,215.70. This represents a 35.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Theodoros Xenohristos sold 9,044 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $79.75, for a total value of $721,259.00. Following the transaction, the insider owned 327,882 shares of the company’s stock, valued at approximately $26,148,589.50. This trade represents a 2.68% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 24,235 shares of company stock worth $1,920,420. Corporate insiders own 6.70% of the company’s stock.

Hedge Funds Weigh In On CAVA Group

Large investors have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC bought a new position in CAVA Group during the 4th quarter worth about $25,000. Cornerstone Planning Group LLC increased its holdings in 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. Harbor Investment Advisory LLC increased its holdings in CAVA Group by 347.8% during the 4th quarter. Harbor Investment Advisory LLC now owns 515 shares of the company’s stock worth $30,000 after purchasing an additional 400 shares in the last quarter. TD Private Client Wealth LLC increased its holdings in CAVA Group by 118.2% during the 4th quarter. TD Private Client Wealth LLC now owns 600 shares of the company’s stock worth $35,000 after purchasing an additional 325 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL bought a new position in CAVA Group during the 3rd quarter worth about $36,000. Institutional investors own 73.15% of the company’s stock.

About CAVA Group

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.