Brokerages Set CAVA Group, Inc. (NYSE:CAVA) PT at $142.13

CAVA Group, Inc. (NYSE:CAVA - Get Free Report) has received an average recommendation of "Moderate Buy" from the sixteen research firms that are currently covering the firm, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $142.13.

A number of research firms have recently weighed in on CAVA. TD Securities increased their price target on CAVA Group from $115.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, September 24th. Citigroup lifted their price target on shares of CAVA Group from $140.00 to $163.00 and gave the company a "neutral" rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. boosted their price target on shares of CAVA Group from $90.00 to $110.00 and gave the company a "neutral" rating in a research note on Wednesday, November 13th. Wedbush increased their price objective on shares of CAVA Group from $155.00 to $190.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Finally, Stifel Nicolaus boosted their target price on CAVA Group from $118.00 to $175.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th.

Insider Activity at CAVA Group

In related news, Director Karen Kochevar sold 15,000 shares of the stock in a transaction on 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 of the company's stock, valued at $182,980. This trade represents a 91.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ronald M. Shaich sold 622,549 shares of the company's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $149.40, for a total transaction of $93,008,820.60. Following the completion of the transaction, the director now owns 6,307 shares of the company's stock, valued at $942,265.80. This represents a 99.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 652,549 shares of company stock valued at $97,242,271 over the last 90 days. 12.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CAVA. Nwam LLC boosted its stake in shares of CAVA Group by 2.6% during the third quarter. Nwam LLC now owns 3,368 shares of the company's stock worth $417,000 after buying an additional 85 shares during the period. CIBC Asset Management Inc lifted its position in CAVA Group by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 3,287 shares of the company's stock worth $407,000 after acquiring an additional 110 shares during the period. Farther Finance Advisors LLC grew its stake in shares of CAVA Group by 6.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,916 shares of the company's stock valued at $237,000 after purchasing an additional 113 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of CAVA Group by 37.0% in the fourth quarter. GAMMA Investing LLC now owns 422 shares of the company's stock valued at $48,000 after purchasing an additional 114 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of CAVA Group by 0.5% during the second quarter. Dimensional Fund Advisors LP now owns 39,154 shares of the company's stock worth $3,632,000 after purchasing an additional 184 shares during the last quarter. Institutional investors and hedge funds own 73.15% of the company's stock.

CAVA Group Trading Up 0.5 %

CAVA stock traded up $0.60 during trading on Friday, reaching $115.19. 1,405,748 shares of the stock were exchanged, compared to its average volume of 2,288,492. The business has a 50 day moving average price of $130.92 and a 200-day moving average price of $116.46. CAVA Group has a 1 year low of $41.61 and a 1 year high of $172.43. The firm has a market capitalization of $13.20 billion, a price-to-earnings ratio of 250.41 and a beta of 3.21.

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