TD Cowen Increases CAVA Group (NYSE:CAVA) Price Target to $150.00

CAVA Group (NYSE:CAVA - Get Free Report) had its target price lifted by equities research analysts at TD Cowen from $130.00 to $150.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. TD Cowen's price objective would indicate a potential upside of 1.83% from the company's previous close.

CAVA has been the subject of a number of other reports. Jefferies Financial Group raised their price target on shares of CAVA Group from $94.00 to $117.00 and gave the company a "buy" rating in a report on Friday, August 23rd. Wedbush increased their price objective on shares of CAVA Group from $155.00 to $190.00 and gave the company an "outperform" rating in a research note on Wednesday. Barclays increased their price objective on shares of CAVA Group from $95.00 to $113.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. increased their price objective on shares of CAVA Group from $77.00 to $90.00 and gave the company a "neutral" rating in a research note on Monday, August 26th. Finally, Citigroup increased their price objective 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 investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $136.57.

CAVA Group Stock Up 1.6 %

Shares of CAVA Group stock traded up $2.27 during mid-day trading on Wednesday, hitting $147.30. The stock had a trading volume of 12,976,625 shares, compared to its average volume of 2,743,270. The firm has a market cap of $16.84 billion, a P/E ratio of 337.09 and a beta of 3.23. The firm has a 50-day moving average of $130.09 and a two-hundred day moving average of $103.20. 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 released its quarterly earnings data on Tuesday, November 12th. The company reported $0.15 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.04. CAVA Group had a net margin of 5.88% and a return on equity of 9.23%. The firm had revenue of $243.82 million for the quarter, compared to the consensus estimate of $233.05 million. During the same quarter in the previous year, the firm earned $0.06 earnings per share. The firm's revenue was up 38.9% on a year-over-year basis. Sell-side analysts expect that CAVA Group will post 0.44 earnings per share for the current year.

Insider Buying and Selling

In other CAVA Group news, Director Theodoros Xenohristos sold 98,490 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director now owns 424,846 shares of the company's stock, valued at $53,432,881.42. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Tricia K. Tolivar sold 5,000 shares of the company's stock in a transaction dated 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 owns 292,600 shares in the company, valued at $36,762,264. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Theodoros Xenohristos sold 98,490 shares of the company's stock in a transaction that occurred 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 transaction, the director now directly 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. In the last three months, insiders sold 304,994 shares of company stock valued at $38,310,084. 12.10% of the stock is owned by corporate insiders.

Institutional Trading of CAVA Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Nwam LLC increased its position in shares of CAVA Group by 2.6% during the third quarter. Nwam LLC now owns 3,368 shares of the company's stock valued at $417,000 after acquiring an additional 85 shares during the last quarter. CIBC Asset Management Inc raised its holdings in CAVA Group by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 3,287 shares of the company's stock worth $407,000 after acquiring an additional 110 shares during the last quarter. Farther Finance Advisors LLC raised its stake in CAVA Group by 6.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,916 shares of the company's stock valued at $237,000 after buying an additional 113 shares during the last quarter. GAMMA Investing LLC raised its stake in CAVA Group by 68.3% during the 3rd 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 last quarter. Finally, Dimensional Fund Advisors LP raised its stake in CAVA Group by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 39,154 shares of the company's stock valued at $3,632,000 after buying an additional 184 shares during the last quarter. 73.15% of the stock is owned by hedge funds and other 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.