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

CAVA Group, Inc. (NYSE:CAVA) has been assigned a consensus rating of “Moderate Buy” from the twenty-eight brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $93.3704.

A number of brokerages have weighed in on CAVA. Wall Street Zen raised CAVA Group from a “sell” rating to a “hold” rating in a research report on Sunday, May 24th. Mizuho boosted their price target on CAVA Group from $72.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, April 2nd. UBS Group raised shares of CAVA Group from a “neutral” rating to a “buy” rating and upped their price target for the company from $85.00 to $90.00 in a research report on Wednesday, June 10th. Barclays upped their price target on shares of CAVA Group from $70.00 to $74.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 20th. Finally, Wolfe Research assumed coverage on shares of CAVA Group in a research report on Monday, March 9th. They set an “outperform” rating and a $93.00 price target for the company.

CAVA Group Stock Performance

Shares of NYSE:CAVA opened at $89.15 on Friday. CAVA Group has a fifty-two week low of $43.41 and a fifty-two week high of $98.79. The business has a 50-day simple moving average of $84.11 and a two-hundred day simple moving average of $74.17. The firm has a market cap of $10.38 billion, a price-to-earnings ratio of 171.44, a price-to-earnings-growth ratio of 6.04 and a beta of 1.70.

CAVA Group (NYSE:CAVA) last issued its earnings results on Tuesday, May 19th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. CAVA Group had a return on equity of 7.92% and a net margin of 4.79%.The business had revenue of $438.27 million during the quarter, compared to analyst estimates of $360.89 million. During the same quarter in the previous year, the firm earned $0.22 EPS. CAVA Group’s revenue was up 32.1% on a year-over-year basis. As a group, research analysts predict that CAVA Group will post 0.55 earnings per share for the current year.

Insider Activity

In other news, CFO Tricia K. Tolivar sold 4,969 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $89.43, for a total transaction of $444,377.67. Following the completion of the sale, the chief financial officer owned 234,931 shares of the company’s stock, valued at $21,009,879.33. This represents a 2.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Kelly Costanza sold 12,490 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $90.00, for a total transaction of $1,124,100.00. Following the sale, the insider directly owned 98,490 shares of the company’s stock, valued at $8,864,100. The trade was a 11.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 81,747 shares of company stock worth $7,070,838. Company insiders own 6.70% of the company’s stock.

Institutional Investors Weigh In On CAVA Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Los Angeles Capital Management LLC purchased a new stake in shares of CAVA Group during the 4th quarter valued at about $25,000. Harbor Investment Advisory LLC increased its holdings in CAVA Group by 347.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 515 shares of the company’s stock worth $30,000 after acquiring an additional 400 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in CAVA Group in the 3rd quarter worth approximately $36,000. TD Private Client Wealth LLC increased its holdings in CAVA Group by 118.2% in the 4th quarter. TD Private Client Wealth LLC now owns 600 shares of the company’s stock worth $35,000 after acquiring an additional 325 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in CAVA Group by 115.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 647 shares of the company’s stock worth $38,000 after acquiring an additional 347 shares in the last quarter. Hedge funds and other institutional investors own 73.15% of the company’s stock.

CAVA Group News Roundup

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

• Positive Sentiment: Jim Cramer reiterated a bullish view on CAVA, calling it “the best of the new concepts” and recommending it as a buy, which may be boosting investor sentiment. Article: Jim Cramer Calls CAVA ‘Tasty, Clean, Fun,’ Says Make This Biotech ‘Your Speculation’
• Positive Sentiment: The company’s latest earnings beat continues to support the stock, with CAVA posting $0.20 EPS versus $0.17 expected and revenue of $438.27 million versus $360.89 million expected. Article: Cava (CAVA) Up 9.3% Since Last Earnings Report: Can It Continue?
• Neutral Sentiment: Analysts remain generally constructive, with a “Moderate Buy” consensus and an average price target above the current share price, reinforcing the longer-term growth narrative. Article: 2 Restaurant Stocks, 2 Earnings Beats, 2 Very Different Setups
• Negative Sentiment: Several insiders, including CEO Brett Schulman, CFO Tricia K. Tolivar, CAO Adam David Phillips, and executive Theodoros Xenohristos, sold shares near recent highs. The sales were tied to tax withholding on equity awards, but the broad insider selling could weigh on sentiment. Article: Insider Selling: CAVA Group (NYSE:CAVA) CEO Sells 33,174 Shares of Stock

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.