CAVA Group (NYSE:CAVA) Price Target Raised to $142.00

CAVA Group (NYSE:CAVA - Free Report) had its price target lifted by Barclays from $113.00 to $142.00 in a research note published on Wednesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

CAVA has been the topic of several other reports. JPMorgan Chase & Co. increased their price objective on shares of CAVA Group from $90.00 to $110.00 and gave the company a "neutral" rating in a research report on Wednesday. Wedbush upped their price target on shares of CAVA Group from $155.00 to $190.00 and gave the company an "outperform" rating in a research note on Wednesday. William Blair restated an "outperform" rating on shares of CAVA Group in a research note on Wednesday. Morgan Stanley downgraded shares of CAVA Group from an "overweight" rating to an "equal weight" rating and upped their price target for the company from $90.00 to $110.00 in a research note on Thursday, August 29th. Finally, Citigroup upped their price target on shares of CAVA Group from $115.00 to $140.00 and gave the company a "neutral" rating in a research note on Tuesday, October 29th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $136.57.

CAVA Group Stock Up 1.6 %

Shares of CAVA traded up $2.28 during trading hours on Wednesday, hitting $147.31. The company had a trading volume of 13,062,556 shares, compared to its average volume of 2,743,612. The firm has a market cap of $16.84 billion, a price-to-earnings ratio of 320.24 and a beta of 3.23. The business has a fifty day moving average of $130.75 and a 200-day moving average of $103.50. CAVA Group has a 12 month low of $31.41 and a 12 month high of $172.43.

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 the consensus estimate of $0.11 by $0.04. The company had revenue of $243.82 million for the quarter, compared to analyst estimates of $233.05 million. CAVA Group had a net margin of 5.88% and a return on equity of 9.23%. The company's revenue was up 38.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 earnings per share. On average, equities analysts expect that CAVA Group will post 0.44 EPS for the current fiscal year.

Insider Activity

In other news, CFO Tricia K. Tolivar sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $125.64, for a total value of $628,200.00. Following the sale, the chief financial officer now directly owns 292,600 shares in the company, valued at approximately $36,762,264. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Tricia K. Tolivar sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $125.64, for a total value of $628,200.00. Following the sale, the chief financial officer now directly owns 292,600 shares in the company, valued at approximately $36,762,264. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Brett Schulman sold 201,504 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 702,590 shares in the company, valued at approximately $88,196,122.70. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 304,994 shares of company stock worth $38,310,084. Corporate insiders own 12.10% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CAVA. Vanguard Group Inc. raised its holdings in CAVA Group by 215.7% in the 1st quarter. Vanguard Group Inc. now owns 4,944,036 shares of the company's stock valued at $346,330,000 after buying an additional 3,377,840 shares during the last quarter. Capital Research Global Investors raised its holdings in CAVA Group by 21.6% in the 1st quarter. Capital Research Global Investors now owns 5,311,335 shares of the company's stock valued at $372,059,000 after buying an additional 942,054 shares during the last quarter. Renaissance Technologies LLC raised its holdings in CAVA Group by 102.5% in the 2nd quarter. Renaissance Technologies LLC now owns 892,400 shares of the company's stock valued at $82,770,000 after buying an additional 451,800 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in CAVA Group by 262.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 516,092 shares of the company's stock valued at $63,918,000 after buying an additional 373,835 shares during the last quarter. Finally, Eagle Asset Management Inc. raised its holdings in CAVA Group by 233.4% in the 3rd quarter. Eagle Asset Management Inc. now owns 398,991 shares of the company's stock valued at $49,415,000 after buying an additional 279,306 shares during the last quarter. Institutional investors 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.