CAVA Group (NYSE:CAVA) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of CAVA Group (NYSE:CAVA - Free Report) from a neutral rating to an overweight rating in a report published on Thursday, Marketbeat Ratings reports. The brokerage currently has $110.00 target price on the stock.

CAVA has been the topic of several other research reports. William Blair reiterated an "outperform" rating on shares of CAVA Group in a research note on Wednesday, February 26th. UBS Group lowered their price target on CAVA Group from $160.00 to $125.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Citigroup dropped their price objective on CAVA Group from $163.00 to $140.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st. Wedbush reiterated an "outperform" rating and set a $150.00 target price on shares of CAVA Group in a research note on Wednesday, February 26th. Finally, Loop Capital reduced their price objective on CAVA Group from $147.00 to $100.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $131.47.

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CAVA Group Stock Performance

Shares of CAVA Group stock traded up $6.54 during trading on Thursday, hitting $90.39. 3,705,148 shares of the stock were exchanged, compared to its average volume of 2,923,606. The stock's fifty day moving average is $110.27 and its 200 day moving average is $122.83. The stock has a market cap of $10.45 billion, a PE ratio of 196.51 and a beta of 3.58. CAVA Group has a 12 month low of $58.22 and a 12 month high of $172.43.

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

Insider Activity

In other news, CEO Brett Schulman sold 20,564 shares of CAVA Group stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total value of $2,450,817.52. Following the completion of the transaction, the chief executive officer now owns 776,369 shares in the company, valued at $92,527,657.42. This trade represents a 2.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Theodoros Xenohristos sold 851 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total transaction of $101,422.18. Following the sale, the insider now directly owns 358,995 shares in the company, valued at $42,785,024.10. This trade represents a 0.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,235 shares of company stock worth $3,514,101 in the last three months. Company insiders own 12.10% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Arcadia Investment Management Corp MI purchased a new position in CAVA Group during the fourth quarter valued at $25,000. Allworth Financial LP grew its stake in shares of CAVA Group by 369.2% during the 4th 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 period. Larson Financial Group LLC increased its holdings in CAVA Group by 274.0% during the fourth quarter. Larson Financial Group LLC now owns 273 shares of the company's stock valued at $31,000 after buying an additional 200 shares during the last quarter. Whittier Trust Co. grew its holdings in CAVA Group by 80.9% during the fourth quarter. Whittier Trust Co. now owns 284 shares of the company's stock valued at $32,000 after purchasing an additional 127 shares during the period. Finally, Signaturefd LLC increased its holdings in CAVA Group by 884.4% in the 4th quarter. Signaturefd LLC now owns 315 shares of the company's stock worth $36,000 after acquiring an additional 283 shares in the last quarter. 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.