CAVA Group, Inc. (NYSE:CAVA) Given Consensus Recommendation of "Moderate Buy" by Analysts

CAVA Group, Inc. (NYSE:CAVA - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the sixteen research firms that are currently covering the stock, MarketBeat reports. Eight investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $142.13.

A number of analysts have recently weighed in on the stock. TD Cowen upped their price target on shares of CAVA Group from $130.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Piper Sandler upped their target price on CAVA Group from $100.00 to $142.00 and gave the stock a "neutral" rating in a research report on Friday, November 15th. Citigroup lifted their price target on CAVA Group from $140.00 to $163.00 and gave the company a "neutral" rating in a research report on Wednesday, November 13th. Robert W. Baird raised their target price on CAVA Group from $125.00 to $148.00 and gave the company an "outperform" rating in a research note on Monday, November 4th. Finally, Stifel Nicolaus lifted their target price on CAVA Group from $118.00 to $175.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th.

CAVA Group Price Performance

Shares of NYSE CAVA traded down $3.65 during midday trading on Tuesday, hitting $138.30. 1,521,989 shares of the company's stock were exchanged, compared to its average volume of 2,023,933. CAVA Group has a twelve month low of $48.10 and a twelve month high of $172.43. The firm has a market cap of $15.85 billion, a P/E ratio of 300.65 and a beta of 3.25. The stock's 50 day moving average price is $124.99 and its 200-day moving average price is $121.55.

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

Insider Activity at CAVA Group

In related news, CAO Adam David Phillips sold 615 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $124.39, for a total value of $76,499.85. Following the completion of the sale, the chief accounting officer now directly owns 10,884 shares of the company's stock, valued at approximately $1,353,860.76. This represents a 5.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Karen Kochevar sold 15,000 shares of CAVA Group stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $140.00, for a total value of $2,100,000.00. Following the transaction, the director now directly owns 1,307 shares in the company, valued at approximately $182,980. This trade represents a 91.99 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 681,784 shares of company stock worth $100,756,372. 12.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Arcadia Investment Management Corp MI purchased a new position in shares of CAVA Group during the 4th quarter valued at $25,000. Allworth Financial LP boosted its position in CAVA Group by 369.2% during the fourth quarter. Allworth Financial LP now owns 244 shares of the company's stock valued at $30,000 after purchasing an additional 192 shares during the last quarter. Larson Financial Group LLC grew its stake in CAVA Group by 274.0% in the fourth quarter. Larson Financial Group LLC now owns 273 shares of the company's stock valued at $31,000 after purchasing an additional 200 shares in the last quarter. GAMMA Investing LLC increased its position in CAVA Group by 68.3% in the 3rd quarter. GAMMA Investing LLC now owns 308 shares of the company's stock worth $38,000 after purchasing an additional 125 shares during the last quarter. Finally, Sunbelt Securities Inc. purchased a new stake in shares of CAVA Group during the 3rd quarter worth about $50,000. Institutional investors and hedge funds own 73.15% of the company's stock.

CAVA Group Company Profile

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.