CAVA Group, Inc. (NYSE:CAVA) Receives $143.80 Consensus Target Price from Brokerages

CAVA Group, Inc. (NYSE:CAVA - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the sixteen ratings firms that are covering the firm, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $143.80.

Several equities research analysts recently commented on CAVA shares. Citigroup raised their target price on CAVA Group from $140.00 to $163.00 and gave the company a "neutral" rating in a report on Wednesday, November 13th. Loop Capital boosted their target price on shares of CAVA Group from $122.00 to $147.00 and gave the stock a "hold" rating in a research report on Thursday, November 14th. Stifel Nicolaus lifted their price target on shares of CAVA Group from $118.00 to $175.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Jefferies Financial Group upped their price objective on shares of CAVA Group from $94.00 to $117.00 and gave the company a "buy" rating in a research report on Friday, August 23rd. Finally, JPMorgan Chase & Co. increased their price target on CAVA Group from $90.00 to $110.00 and gave the company a "neutral" rating in a report on Wednesday, November 13th.

Insider Buying and Selling

In other CAVA Group news, CFO Tricia K. Tolivar sold 5,000 shares of the business's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $125.64, for a total transaction of $628,200.00. Following the sale, the chief financial officer now owns 292,600 shares in the company, valued at approximately $36,762,264. The trade was a 1.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brett Schulman sold 201,504 shares of the business's stock in a transaction on Monday, August 26th. The shares were sold at an average price of $125.53, for a total transaction of $25,294,797.12. Following the sale, the chief executive officer now directly owns 702,590 shares in the company, valued at approximately $88,196,122.70. This trade represents a 22.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 319,994 shares of company stock valued at $40,410,084 over the last 90 days. 12.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CAVA Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. SpiderRock Advisors LLC grew its position in CAVA Group by 8.9% in the third quarter. SpiderRock Advisors LLC now owns 479,319 shares of the company's stock worth $59,364,000 after acquiring an additional 39,319 shares in the last quarter. Xponance Inc. raised its holdings in CAVA Group by 95.2% during the second quarter. Xponance Inc. now owns 9,846 shares of the company's stock valued at $913,000 after buying an additional 4,803 shares in the last quarter. PFG Investments LLC lifted its position in shares of CAVA Group by 36.8% in the third quarter. PFG Investments LLC now owns 15,907 shares of the company's stock worth $1,970,000 after buying an additional 4,275 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of CAVA Group during the 2nd quarter worth about $1,728,000. Finally, Aigen Investment Management LP acquired a new position in shares of CAVA Group during the 3rd quarter valued at about $1,293,000. Hedge funds and other institutional investors own 73.15% of the company's stock.

CAVA Group Stock Performance

CAVA opened at $139.64 on Thursday. The company has a market cap of $16.00 billion, a PE ratio of 303.57 and a beta of 3.23. CAVA Group has a 1 year low of $31.47 and a 1 year high of $172.43. The firm has a 50 day moving average price of $132.46 and a 200 day moving average price of $105.70.

CAVA Group (NYSE:CAVA - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.15 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.04. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. The firm had revenue of $243.82 million during the quarter, compared to analysts' expectations of $233.05 million. During the same period in the prior year, the company earned $0.06 EPS. The firm's revenue was up 38.9% on a year-over-year basis. On average, sell-side analysts predict that CAVA Group will post 0.5 earnings per share 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.