UBS Group Lowers CAVA Group (NYSE:CAVA) Price Target to $125.00

CAVA Group (NYSE:CAVA - Free Report) had its price objective decreased by UBS Group from $160.00 to $125.00 in a research report released on Tuesday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

A number of other equities analysts have also recently issued reports on the company. TD Securities boosted their price objective on CAVA Group from $115.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, September 24th. JPMorgan Chase & Co. upped their price target on shares of CAVA Group from $90.00 to $110.00 and gave the stock a "neutral" rating in a report on Wednesday, November 13th. Sanford C. Bernstein started coverage on shares of CAVA Group in a report on Wednesday, November 20th. They set a "market perform" rating and a $145.00 price objective for the company. Loop Capital upped their target price on shares of CAVA Group from $122.00 to $147.00 and gave the stock a "hold" rating in a research note on Thursday, November 14th. Finally, William Blair reaffirmed an "outperform" rating on shares of CAVA Group in a research note on Wednesday, November 13th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $142.13.

CAVA Group Trading Down 5.2 %

NYSE:CAVA traded down $6.17 during midday trading on Tuesday, hitting $112.71. 3,105,829 shares of the company traded hands, compared to its average volume of 2,597,501. The firm has a market capitalization of $12.91 billion, a P/E ratio of 245.02 and a beta of 3.21. The firm's fifty day moving average is $131.70 and its 200-day moving average is $116.49. CAVA Group has a 12-month low of $40.05 and a 12-month high of $172.43.

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

Insider Buying and Selling at CAVA Group

In other CAVA Group news, Director Karen Kochevar sold 15,000 shares of the business's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $140.00, for a total transaction of $2,100,000.00. Following the sale, the director now owns 1,307 shares of the company's stock, valued at approximately $182,980. The trade was a 91.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ronald M. Shaich sold 622,549 shares of the firm's stock in a transaction on Monday, December 9th. The stock was 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 directly owns 6,307 shares of the company's stock, valued at approximately $942,265.80. This represents a 99.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 652,549 shares of company stock valued at $97,242,271. 12.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CAVA Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Burkett Financial Services LLC acquired a new stake in shares of CAVA Group during the 4th quarter worth approximately $56,000. CWA Asset Management Group LLC acquired a new position in shares of CAVA Group in the fourth quarter worth about $980,000. Nordea Investment Management AB acquired a new stake in shares of CAVA Group during the 4th quarter valued at about $2,197,000. Everence Capital Management Inc. purchased a new position in shares of CAVA Group in the 4th quarter valued at about $271,000. Finally, Modus Advisors LLC grew its holdings in CAVA Group by 8.0% in the fourth quarter. Modus Advisors LLC now owns 4,791 shares of the company's stock valued at $540,000 after purchasing an additional 353 shares during the period. Institutional investors and hedge funds own 73.15% of the company's stock.

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.