CAVA Group (NYSE:CAVA) Price Target Cut to $120.00 by Analysts at TD Securities

CAVA Group (NYSE:CAVA - Free Report) had its price objective cut by TD Securities from $130.00 to $120.00 in a research note published on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts have also issued reports on the company. Bank of America initiated coverage on CAVA Group in a research note on Monday, March 31st. They issued a "buy" rating and a $112.00 price target on the stock. Barclays lowered their target price on shares of CAVA Group from $127.00 to $104.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 26th. William Blair reiterated an "outperform" rating on shares of CAVA Group in a research report on Wednesday, February 26th. Piper Sandler upgraded shares of CAVA Group from a "neutral" rating to an "overweight" rating and lowered their price target for the stock from $142.00 to $115.00 in a research report on Friday, February 28th. Finally, Wedbush reiterated an "outperform" rating and issued a $150.00 price objective on shares of CAVA Group in a report on Wednesday, February 26th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $124.19.

CAVA Group Stock Performance

CAVA Group stock traded down $0.28 during trading on Monday, reaching $90.74. The company had a trading volume of 1,877,597 shares, compared to its average volume of 3,124,883. The firm has a market capitalization of $10.49 billion, a PE ratio of 197.26 and a beta of 3.33. The firm's 50-day simple moving average is $88.61 and its 200 day simple moving average is $116.28. CAVA Group has a 1-year low of $59.02 and a 1-year high of $172.43.

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

Insider Buying and Selling

In other news, CEO Brett Schulman sold 2,936 shares of the company's stock in a transaction on Monday, January 27th. The stock was sold at an average price of $124.39, for a total transaction of $365,209.04. Following the sale, the chief executive officer now owns 773,433 shares of the company's stock, valued at approximately $96,207,330.87. This represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Tricia K. Tolivar sold 1,505 shares of the stock in a transaction on Monday, January 27th. The shares were sold at an average price of $124.39, for a total value of $187,206.95. Following the completion of the sale, the chief financial officer now owns 234,087 shares in the company, valued at approximately $29,118,081.93. The trade was a 0.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,734 shares of company stock valued at $713,252. Corporate insiders own 12.10% of the company's stock.

Institutional Investors Weigh In On CAVA Group

Large investors have recently bought and sold shares of the stock. Utah Retirement Systems lifted its position in shares of CAVA Group by 2.5% during the 4th quarter. Utah Retirement Systems now owns 4,100 shares of the company's stock worth $462,000 after purchasing an additional 100 shares during the last quarter. Howard Financial Services LTD. increased its holdings in CAVA Group by 1.8% in the fourth quarter. Howard Financial Services LTD. now owns 6,194 shares of the company's stock valued at $699,000 after buying an additional 109 shares during the last quarter. GAMMA Investing LLC raised its stake in CAVA Group by 37.0% in the fourth quarter. GAMMA Investing LLC now owns 422 shares of the company's stock valued at $48,000 after buying an additional 114 shares in the last quarter. Whittier Trust Co. lifted its holdings in CAVA Group by 80.9% during the 4th quarter. Whittier Trust Co. now owns 284 shares of the company's stock worth $32,000 after buying an additional 127 shares during the last quarter. Finally, Mainstream Capital Management LLC boosted its position in shares of CAVA Group by 0.7% during the 4th quarter. Mainstream Capital Management LLC now owns 17,758 shares of the company's stock worth $2,003,000 after acquiring an additional 132 shares in the last quarter. Hedge funds and other 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.