CAVA Group (NYSE:CAVA) Price Target Raised to $148.00 at Robert W. Baird

CAVA Group (NYSE:CAVA - Get Free Report) had its price objective lifted by equities researchers at Robert W. Baird from $125.00 to $148.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Robert W. Baird's price objective would suggest a potential upside of 12.02% from the stock's current price.

Several other research analysts have also recently weighed in on CAVA. Jefferies Financial Group raised their target price on CAVA Group from $94.00 to $117.00 and gave the company a "buy" rating in a research note on Friday, August 23rd. Wedbush upped their price target on CAVA Group from $100.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, August 23rd. UBS Group assumed coverage on CAVA Group in a report on Friday, September 27th. They issued a "neutral" rating and a $135.00 target price on the stock. Loop Capital increased their price target on CAVA Group from $80.00 to $122.00 and gave the company a "hold" rating in a research report on Monday, August 26th. Finally, JPMorgan Chase & Co. lifted their price target on CAVA Group from $77.00 to $90.00 and gave the stock a "neutral" rating in a research note on Monday, August 26th. Eight equities research 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 company presently has a consensus rating of "Moderate Buy" and a consensus price target of $120.36.

CAVA Group Trading Up 0.4 %

CAVA stock traded up $0.59 during trading on Monday, hitting $132.12. The company had a trading volume of 1,164,843 shares, compared to its average volume of 2,696,148. The business has a 50 day moving average of $126.65 and a 200 day moving average of $99.32. The firm has a market capitalization of $15.10 billion, a price-to-earnings ratio of 358.08 and a beta of 3.23. CAVA Group has a fifty-two week low of $29.66 and a fifty-two week high of $141.25.

CAVA Group (NYSE:CAVA - Get Free Report) last issued its quarterly earnings results on Thursday, August 22nd. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.04. CAVA Group had a net margin of 5.04% and a return on equity of 7.37%. The company had revenue of $233.50 million during the quarter, compared to analyst estimates of $219.47 million. During the same period in the prior year, the business posted $0.21 EPS. The business's revenue for the quarter was up 35.1% compared to the same quarter last year. As a group, equities analysts predict that CAVA Group will post 0.43 EPS for the current year.

Insider Buying and Selling at CAVA Group

In other news, CEO Brett Schulman sold 201,504 shares of the firm's stock in a transaction dated Monday, August 26th. The stock was 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 directly owns 702,590 shares of the company's stock, valued at $88,196,122.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Brett Schulman sold 201,504 shares of the company's stock in a transaction on Monday, August 26th. The shares were sold at an average price of $125.53, for a total value of $25,294,797.12. Following the completion of the sale, the chief executive officer now directly owns 702,590 shares in the company, valued at approximately $88,196,122.70. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Theodoros Xenohristos sold 98,490 shares of the firm's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $125.77, for a total value of $12,387,087.30. Following the transaction, the director now owns 424,846 shares in the company, valued at approximately $53,432,881.42. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 304,994 shares of company stock worth $38,310,084 over the last 90 days. 12.10% of the stock is currently owned by corporate insiders.

Institutional Trading of CAVA Group

Several large investors have recently modified their holdings of CAVA. Jamison Private Wealth Management Inc. bought a new position in shares of CAVA Group in the second quarter worth about $28,000. Nemes Rush Group LLC acquired a new stake in CAVA Group in the 2nd quarter valued at approximately $28,000. Mark Sheptoff Financial Planning LLC bought a new position in CAVA Group in the 2nd quarter worth approximately $36,000. Headlands Technologies LLC acquired a new position in shares of CAVA Group during the second quarter worth approximately $37,000. Finally, GAMMA Investing LLC boosted its position in shares of CAVA Group by 68.3% in the third quarter. GAMMA Investing LLC now owns 308 shares of the company's stock valued at $38,000 after acquiring an additional 125 shares during the period. 73.15% of the stock is owned by institutional investors.

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.