CAVA Group, Inc. (NYSE:CAVA) Given Average Rating of "Moderate Buy" by Brokerages
CAVA Group, Inc. (NYSE:CAVA - Get Free Report) has been given a consensus rating of "Moderate Buy" by the sixteen research firms that are presently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $131.47.
CAVA has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised shares of CAVA Group from a "neutral" rating to an "overweight" rating and set a $110.00 target price on the stock in a research report on Thursday, March 20th. Loop Capital lowered their target price on CAVA Group from $147.00 to $100.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. Barclays cut 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 report on Wednesday, February 26th. Finally, TD Securities reduced their price objective on shares of CAVA Group from $150.00 to $130.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th.
View Our Latest Report on CAVA
Shares of CAVA stock opened at $90.21 on Wednesday. CAVA Group has a twelve month low of $58.22 and a twelve month high of $172.43. The stock has a 50 day moving average of $109.83 and a 200 day moving average of $122.65. The stock has a market cap of $10.43 billion, a P/E ratio of 196.11 and a beta of 3.58.
CAVA Group (NYSE:CAVA - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). The firm had revenue of $227.40 million during the quarter, compared to analysts' expectations of $223.34 million. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. On average, research analysts predict that CAVA Group will post 0.5 earnings per share for the current fiscal year.
In other news, CAO Adam David Phillips sold 615 shares of CAVA Group stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $124.39, for a total value of $76,499.85. Following the sale, the chief accounting officer now owns 10,884 shares of the company's stock, valued at $1,353,860.76. The trade was a 5.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brett Schulman sold 20,564 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total transaction of $2,450,817.52. Following the transaction, the chief executive officer now directly owns 776,369 shares of the company's stock, valued at $92,527,657.42. This represents a 2.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,235 shares of company stock worth $3,514,101. Company insiders own 12.10% of the company's stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Utah Retirement Systems boosted its stake in shares of CAVA Group by 2.5% in the fourth quarter. Utah Retirement Systems now owns 4,100 shares of the company's stock valued at $462,000 after buying an additional 100 shares in the last quarter. Howard Financial Services LTD. boosted its position in shares of CAVA Group by 1.8% during the 4th quarter. Howard Financial Services LTD. now owns 6,194 shares of the company's stock worth $699,000 after purchasing an additional 109 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of CAVA Group by 37.0% during the 4th quarter. GAMMA Investing LLC now owns 422 shares of the company's stock worth $48,000 after purchasing an additional 114 shares during the period. Whittier Trust Co. increased its holdings in shares of CAVA Group by 80.9% in the 4th quarter. Whittier Trust Co. now owns 284 shares of the company's stock valued at $32,000 after purchasing an additional 127 shares in the last quarter. Finally, Mainstream Capital Management LLC lifted its stake in shares of CAVA Group by 0.7% in the fourth quarter. Mainstream Capital Management LLC now owns 17,758 shares of the company's stock valued at $2,003,000 after purchasing an additional 132 shares during the period. Institutional investors and hedge funds own 73.15% of the company's stock.
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.
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