CAVA Group, Inc. (NYSE:CAVA) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of CAVA Group, Inc. (NYSE:CAVA - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the sixteen ratings firms that are presently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $131.47.

A number of research firms have recently commented on CAVA. Loop Capital lowered their target price on CAVA Group from $147.00 to $100.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. TD Securities reduced their target price on shares of CAVA Group from $150.00 to $130.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Wedbush reissued an "outperform" rating and set a $150.00 price objective on shares of CAVA Group in a research note on Wednesday, February 26th. 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. Finally, William Blair reissued an "outperform" rating on shares of CAVA Group in a research report on Wednesday, February 26th.

Insider Buying and Selling at CAVA Group

In other CAVA Group news, insider Kenneth Robert Bertram sold 678 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $124.39, for a total transaction of $84,336.42. Following the sale, the insider now owns 57,312 shares in the company, valued at approximately $7,129,039.68. This trade represents a 1.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brett Schulman sold 20,564 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total transaction of $2,450,817.52. Following the completion of the transaction, the chief executive officer now owns 776,369 shares of the company's stock, valued at approximately $92,527,657.42. The trade was a 2.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,235 shares of company stock valued at $3,514,101. Insiders own 12.10% of the company's stock.

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Institutional Trading of CAVA Group

Several institutional investors and hedge funds have recently modified their holdings of the company. Conway Capital Management Inc. purchased a new stake in CAVA Group in the 3rd quarter worth $5,524,000. Charles Schwab Investment Management Inc. grew its position in shares of CAVA Group by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 527,868 shares of the company's stock worth $59,544,000 after purchasing an additional 11,776 shares in the last quarter. Entropy Technologies LP purchased a new stake in shares of CAVA Group during the fourth quarter worth about $2,097,000. Empowered Funds LLC bought a new stake in CAVA Group during the 4th quarter valued at approximately $5,007,000. Finally, Legacy Capital Wealth Partners LLC lifted its holdings in CAVA Group by 71.9% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 13,658 shares of the company's stock worth $1,541,000 after purchasing an additional 5,712 shares in the last quarter. 73.15% of the stock is currently owned by institutional investors.

CAVA Group Price Performance

CAVA traded down $2.64 during midday trading on Wednesday, reaching $85.75. 14,359,329 shares of the company's stock traded hands, compared to its average volume of 3,030,672. The stock has a market capitalization of $9.91 billion, a price-to-earnings ratio of 186.41 and a beta of 3.58. CAVA Group has a 52 week low of $58.22 and a 52 week high of $172.43. The firm has a fifty day moving average of $108.04 and a two-hundred day moving average of $121.94.

CAVA Group (NYSE:CAVA - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The company had revenue of $227.40 million during the quarter, compared to the consensus estimate of $223.34 million. Sell-side analysts forecast that CAVA Group will post 0.5 EPS 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.