CAVA Group (NYSE:CAVA) Price Target Raised to $142.00 at Barclays

CAVA Group (NYSE:CAVA) had its target price boosted by Barclays from $113.00 to $142.00 in a report issued on Wednesday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other research analysts also recently weighed in on CAVA. 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 target price on the stock. Citigroup raised their target price on CAVA Group from $115.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Morgan Stanley lowered CAVA Group from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $90.00 to $110.00 in a research report on Thursday, August 29th. Wedbush raised their price objective on CAVA Group from $155.00 to $190.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, TD Cowen upped their target price on CAVA Group from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, CAVA Group currently has an average rating of “Moderate Buy” and an average target price of $143.71.

CAVA Group Stock Performance

Shares of NYSE:CAVA opened at $141.23 on Wednesday. The company has a market capitalization of $16.15 billion, a PE ratio of 307.02 and a beta of 3.23. The stock has a fifty day moving average of $131.69 and a 200-day moving average of $104.24. CAVA Group has a one year low of $31.47 and a one year high of $172.43.

CAVA Group (NYSE:CAVA) last announced its earnings results on Tuesday, November 12th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.11 by $0.04. The business had revenue of $243.82 million during the quarter, compared to the consensus estimate of $233.05 million. CAVA Group had a return on equity of 9.23% and a net margin of 5.88%. CAVA Group’s revenue was up 38.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.06 earnings per share. As a group, research analysts forecast that CAVA Group will post 0.46 EPS for the current fiscal year.

Insider Transactions at CAVA Group

In related news, CEO Brett Schulman sold 201,504 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $125.53, for a total value of $25,294,797.12. Following the completion of the sale, the chief executive officer now directly owns 702,590 shares in the company, valued at approximately $88,196,122.70. The trade was a 22.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Tricia K. Tolivar sold 5,000 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $125.64, for a total value of $628,200.00. Following the transaction, the chief financial officer now owns 292,600 shares in the company, valued at approximately $36,762,264. This trade represents a 1.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 304,994 shares of company stock worth $38,310,084 in the last 90 days. 12.10% of the stock is owned by insiders.

Institutional Trading of CAVA Group

Several large investors have recently modified their holdings of CAVA. Capital Research Global Investors raised its holdings in CAVA Group by 21.6% in the 1st quarter. Capital Research Global Investors now owns 5,311,335 shares of the company’s stock worth $372,059,000 after acquiring an additional 942,054 shares during the period. Vanguard Group Inc. increased its stake in shares of CAVA Group by 215.7% in the first quarter. Vanguard Group Inc. now owns 4,944,036 shares of the company’s stock worth $346,330,000 after purchasing an additional 3,377,840 shares during the period. FMR LLC lifted its position in shares of CAVA Group by 0.9% during the 3rd quarter. FMR LLC now owns 3,485,033 shares of the company’s stock worth $431,621,000 after purchasing an additional 29,668 shares during the last quarter. Two Sigma Advisers LP boosted its stake in CAVA Group by 17.0% during the 3rd quarter. Two Sigma Advisers LP now owns 2,210,900 shares of the company’s stock valued at $273,820,000 after purchasing an additional 321,800 shares during the period. Finally, State Street Corp grew its holdings in CAVA Group by 33.3% in the 3rd quarter. State Street Corp now owns 1,267,333 shares of the company’s stock valued at $156,959,000 after buying an additional 316,514 shares during the last quarter. 73.15% of the stock is owned by institutional investors.

About CAVA Group

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.