CAVA Group (NYSE:CAVA) Given New $100.00 Price Target at Loop Capital

CAVA Group (NYSE:CAVA - Free Report) had its price objective cut by Loop Capital from $147.00 to $100.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a hold rating on the stock.

Several other brokerages have also issued reports on CAVA. Stifel Nicolaus upped their target price on shares of CAVA Group from $118.00 to $175.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. UBS Group reduced their price objective on CAVA Group from $160.00 to $125.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Citigroup dropped their target price on CAVA Group from $163.00 to $140.00 and set a "neutral" rating for the company in a research report on Friday, February 21st. JPMorgan Chase & Co. increased their price target on shares of CAVA Group from $90.00 to $110.00 and gave the company a "neutral" rating in a research report on Wednesday, November 13th. Finally, William Blair restated an "outperform" rating on shares of CAVA Group in a report on Wednesday, February 26th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $131.47.

CAVA Group Trading Down 7.9 %

Shares of CAVA traded down $7.48 during trading hours on Thursday, reaching $87.55. 4,293,367 shares of the company's stock traded hands, compared to its average volume of 2,739,975. CAVA Group has a 12 month low of $56.03 and a 12 month high of $172.43. The stock has a market cap of $10.12 billion, a PE ratio of 190.33 and a beta of 3.25. The firm's 50 day simple moving average is $120.73 and its 200-day simple moving average is $125.99.

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CAVA Group (NYSE:CAVA - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $227.40 million for the quarter, compared to the consensus estimate of $223.34 million. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. As a group, analysts expect that CAVA Group will post 0.5 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Ronald M. Shaich sold 622,549 shares of CAVA Group stock in a transaction on Monday, December 9th. The shares were sold at an average price of $149.40, for a total value of $93,008,820.60. Following the sale, the director now owns 6,307 shares in the company, valued at $942,265.80. The trade was a 99.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Adam David Phillips sold 615 shares of the business's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $124.39, for a total transaction of $76,499.85. Following the transaction, the chief accounting officer now directly owns 10,884 shares in the company, valued at approximately $1,353,860.76. The trade was a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 651,784 shares of company stock valued at $96,522,922. Insiders own 12.10% of the company's stock.

Institutional Investors Weigh In On CAVA Group

A number of large investors have recently modified their holdings of CAVA. Cim LLC purchased a new stake in CAVA Group in the fourth quarter worth about $1,073,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of CAVA Group in the 4th quarter worth approximately $12,561,000. Jefferies Financial Group Inc. lifted its stake in shares of CAVA Group by 84.6% in the 4th quarter. Jefferies Financial Group Inc. now owns 10,795 shares of the company's stock valued at $1,218,000 after purchasing an additional 4,946 shares during the period. Liberty Square Wealth Partners LLC bought a new stake in shares of CAVA Group during the fourth quarter valued at approximately $203,000. Finally, Forum Financial Management LP purchased a new stake in CAVA Group in the fourth quarter worth $230,000. Institutional investors 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.