CAVA Group (NYSE:CAVA) Price Target Increased to $113.00 by Analysts at Barclays

CAVA Group (NYSE:CAVA) had its price objective lifted by Barclays from $95.00 to $113.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price suggests a potential downside of 16.70% from the company’s current price.

A number of other brokerages have also issued reports on CAVA. Loop Capital lifted their target price on CAVA Group from $80.00 to $122.00 and gave the company a “hold” rating in a research report on Monday, August 26th. Morgan Stanley downgraded shares of CAVA Group from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $90.00 to $110.00 in a report on Thursday, August 29th. TD Cowen boosted their target price on shares of CAVA Group from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. UBS Group assumed coverage on CAVA Group in a report on Friday, September 27th. They set a “neutral” rating and a $135.00 target price on the stock. Finally, Jefferies Financial Group increased their price target on shares of CAVA Group from $94.00 to $117.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, CAVA Group has an average rating of “Moderate Buy” and a consensus price target of $116.93.

CAVA Group Price Performance

CAVA traded down $0.66 on Tuesday, hitting $135.66. The company had a trading volume of 429,626 shares, compared to its average volume of 2,731,530. The stock has a market cap of $15.47 billion, a price-to-earnings ratio of 330.88 and a beta of 3.33. The company’s fifty day moving average price is $120.42 and its 200 day moving average price is $94.72. CAVA Group has a 1-year low of $29.66 and a 1-year high of $136.96.

CAVA Group (NYSE:CAVA) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.04. The firm had revenue of $233.50 million for the quarter, compared to analysts’ expectations of $219.47 million. CAVA Group had a net margin of 5.04% and a return on equity of 7.37%. The company’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 earnings per share. On average, sell-side analysts forecast that CAVA Group will post 0.43 EPS for the current year.

Insider Buying and Selling at CAVA Group

In related news, CFO Tricia K. Tolivar sold 5,000 shares of the company’s stock in a transaction on Monday, August 26th. The shares were 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 of the company’s stock, valued at $36,762,264. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Theodoros Xenohristos sold 98,490 shares of the business’s stock in a transaction dated 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 sale, the director now owns 424,846 shares in the company, valued at approximately $53,432,881.42. The trade was a 0.00 % 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, CFO Tricia K. Tolivar sold 5,000 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $125.64, for a total value of $628,200.00. Following the completion of the transaction, the chief financial officer now owns 292,600 shares of the company’s stock, valued at $36,762,264. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 304,994 shares of company stock valued at $38,310,084 in the last three months. 12.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in CAVA Group by 68.3% during the 3rd quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock worth $38,000 after purchasing an additional 125 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in 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 holdings in shares of CAVA Group by 101.2% in the 1st quarter. CWM LLC now owns 505 shares of the company’s stock valued at $35,000 after purchasing an additional 254 shares during the last quarter. Jaffetilchin Investment Partners LLC lifted its holdings in shares of CAVA Group by 4.2% during the second quarter. Jaffetilchin Investment Partners LLC now owns 6,907 shares of the company’s stock worth $641,000 after purchasing an additional 278 shares during the period. Finally, Jamison Private Wealth Management Inc. acquired a new position in shares of CAVA Group during the 2nd quarter worth $28,000. Hedge funds and other institutional investors own 73.15% of the company’s stock.

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.