CAVA Group (NYSE:CAVA) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

CAVA Group (NYSE:CAVA - Get Free Report) had its price objective upped by investment analysts at Stifel Nicolaus from $118.00 to $175.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Stifel Nicolaus' price objective would suggest a potential upside of 18.80% from the stock's current price.

Several other brokerages also recently commented on CAVA. Loop Capital raised their price objective on shares of CAVA Group from $80.00 to $122.00 and gave the stock a "hold" rating in a research report on Monday, August 26th. TD Securities raised their price objective on shares of CAVA Group from $115.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, September 24th. Citigroup raised their price objective on shares of CAVA Group from $115.00 to $140.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 29th. UBS Group initiated coverage on shares of CAVA Group in a research report on Friday, September 27th. They issued a "neutral" rating and a $135.00 price target for the company. Finally, Argus lifted their price target on shares of CAVA Group from $104.00 to $128.00 and gave the company a "buy" rating in a research report on Wednesday, September 11th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $136.57.

CAVA Group Stock Up 1.6 %

CAVA Group stock traded up $2.28 during mid-day trading on Wednesday, hitting $147.31. 13,062,556 shares of the stock were exchanged, compared to its average volume of 2,743,612. CAVA Group has a 12 month low of $31.41 and a 12 month high of $172.43. The firm's fifty day simple moving average is $130.75 and its two-hundred day simple moving average is $103.50. The stock has a market capitalization of $16.84 billion, a price-to-earnings ratio of 320.24 and a beta of 3.23.

CAVA Group (NYSE:CAVA - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.11 by $0.04. The company had revenue of $243.82 million during the quarter, compared to the consensus estimate of $233.05 million. CAVA Group had a net margin of 5.88% and a return on equity of 9.23%. The company's quarterly revenue was up 38.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 EPS. As a group, analysts forecast that CAVA Group will post 0.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Theodoros Xenohristos sold 98,490 shares of CAVA Group stock in a transaction on Monday, August 26th. The stock was sold at an average price of $125.77, for a total transaction of $12,387,087.30. Following the sale, the director now directly owns 424,846 shares in the company, valued at $53,432,881.42. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Tricia K. Tolivar sold 5,000 shares of CAVA Group stock in a transaction on Monday, August 26th. The stock was sold at an average price of $125.64, for a total transaction of $628,200.00. Following the sale, the chief financial officer now directly owns 292,600 shares in the company, valued at $36,762,264. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Theodoros Xenohristos sold 98,490 shares of CAVA Group stock in a transaction on Monday, August 26th. The stock was sold at an average price of $125.77, for a total value of $12,387,087.30. Following the sale, the director now owns 424,846 shares in the company, valued at $53,432,881.42. The trade was 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 valued at $38,310,084 in the last three months. 12.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CAVA Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CAVA. Jamison Private Wealth Management Inc. bought a new stake in CAVA Group in the 2nd quarter valued at about $28,000. Nemes Rush Group LLC bought a new stake in CAVA Group in the 2nd quarter valued at about $28,000. Mark Sheptoff Financial Planning LLC bought a new stake in CAVA Group in the 2nd quarter valued at about $36,000. Headlands Technologies LLC bought a new stake in CAVA Group in the 2nd quarter valued at about $37,000. Finally, GAMMA Investing LLC increased its position in shares of CAVA Group by 68.3% during the third quarter. GAMMA Investing LLC now owns 308 shares of the company's stock valued at $38,000 after buying an additional 125 shares during the period. 73.15% of the stock is currently owned by institutional investors.

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.