UBS Group started coverage on shares of CAVA Group (NYSE:CAVA – Free Report) in a report published on Friday morning, Marketbeat.com reports. The firm issued a neutral rating and a $135.00 target price on the stock.
CAVA has been the topic of a number of other reports. Loop Capital upped their target price 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. Stifel Nicolaus upped their target price on shares of CAVA Group from $90.00 to $110.00 and gave the stock a buy rating in a research report on Monday, August 19th. JPMorgan Chase & Co. upped their target price on shares of CAVA Group from $77.00 to $90.00 and gave the stock a neutral rating in a research report on Monday, August 26th. Citigroup upped their target price on shares of CAVA Group from $93.00 to $115.00 and gave the stock a neutral rating in a research report on Friday, August 23rd. Finally, TD Securities upped their target price on shares of CAVA Group from $115.00 to $130.00 and gave the stock a buy rating in a research report on Tuesday. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $115.64.
View Our Latest Analysis on CAVA Group
CAVA Group Stock Down 2.6 %
NYSE:CAVA traded down $3.36 on Friday, reaching $123.76. The stock had a trading volume of 3,169,247 shares, compared to its average volume of 2,816,731. The company has a market capitalization of $14.15 billion, a P/E ratio of 301.86 and a beta of 3.34. CAVA Group has a 1-year low of $29.05 and a 1-year high of $131.82. The stock has a fifty day moving average price of $104.31 and a 200-day moving average price of $86.85.
CAVA Group (NYSE:CAVA – Get Free Report) last released its quarterly earnings results on Thursday, August 22nd. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The firm had revenue of $233.50 million for the quarter, compared to analyst estimates of $219.47 million. CAVA Group had a net margin of 5.04% and a return on equity of 7.37%. The company’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 earnings per share. Sell-side analysts predict that CAVA Group will post 0.43 earnings per share for the current fiscal year.
Insider Buying and Selling at CAVA Group
In other CAVA Group news, CFO Tricia K. Tolivar sold 5,949 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $94.47, for a total value of $562,002.03. Following the completion of the sale, the chief financial officer now owns 297,600 shares of the company’s stock, valued at $28,114,272. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Brett Schulman sold 201,504 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $125.53, for a total transaction of $25,294,797.12. Following the completion of the transaction, the chief executive officer now owns 702,590 shares in the company, valued at $88,196,122.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Tricia K. Tolivar sold 5,949 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $94.47, for a total transaction of $562,002.03. Following the transaction, the chief financial officer now owns 297,600 shares of the company’s stock, valued at approximately $28,114,272. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 310,943 shares of company stock valued at $38,872,086.
Institutional Trading of CAVA Group
A number of large investors have recently added to or reduced their stakes in CAVA. Dimensional Fund Advisors LP lifted its stake in shares of CAVA Group by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 39,154 shares of the company’s stock worth $3,632,000 after buying an additional 184 shares during the last quarter. CWM LLC lifted its stake in shares of CAVA Group by 101.2% during the 1st quarter. CWM LLC now owns 505 shares of the company’s stock worth $35,000 after buying an additional 254 shares during the last quarter. Jaffetilchin Investment Partners LLC lifted its stake in shares of CAVA Group by 4.2% during the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 6,907 shares of the company’s stock worth $641,000 after buying an additional 278 shares during the last quarter. Jamison Private Wealth Management Inc. acquired a new stake in shares of CAVA Group during the 2nd quarter worth about $28,000. Finally, Nemes Rush Group LLC acquired a new stake in shares of CAVA Group during the 2nd quarter worth about $28,000. Institutional investors and hedge funds 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.
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