CAVA Group (NYSE:CAVA) Now Covered by UBS Group

Stock analysts at UBS Group started coverage on shares of CAVA Group (NYSE:CAVA) in a research report issued on Friday, MarketBeat.com reports. The firm set a “neutral” rating and a $135.00 price target on the stock. UBS Group’s target price points to a potential upside of 9.08% from the stock’s previous close.

CAVA has been the subject of a number of other research reports. TD Cowen increased their price target on CAVA Group from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Loop Capital boosted their price target on CAVA Group from $80.00 to $122.00 and gave the company a “hold” rating in a research note on Monday, August 26th. TD Securities raised their price objective on shares of CAVA Group from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Morgan Stanley downgraded shares of CAVA Group from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $90.00 to $110.00 in a research report on Thursday, August 29th. Finally, Piper Sandler downgraded shares of CAVA Group from an “overweight” rating to a “neutral” rating and raised their price target for the company from $63.00 to $92.00 in a report on Thursday, May 30th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, CAVA Group has a consensus rating of “Moderate Buy” and a consensus target price of $115.64.

CAVA Group Stock Performance

Shares of CAVA opened at $123.76 on Friday. The stock has a 50-day moving average price of $105.19 and a 200 day moving average price of $87.27. 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 one year low of $29.05 and a one year high of $131.82.

CAVA Group (NYSE:CAVA) last released its earnings results on Thursday, August 22nd. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The company had revenue of $233.50 million for the quarter, compared to the consensus estimate of $219.47 million. CAVA Group had a return on equity of 7.37% and a net margin of 5.04%. CAVA Group’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 EPS. As a group, equities research analysts forecast that CAVA Group will post 0.43 earnings per share for the current fiscal year.

Insider Buying and Selling 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 $88,196,122.70. The sale was disclosed in a filing with the SEC, which is available at this link. In other 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 value of $628,200.00. Following the sale, the chief financial officer now directly owns 292,600 shares of the company’s stock, valued at approximately $36,762,264. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Brett Schulman sold 201,504 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $125.53, for a total transaction of $25,294,797.12. Following the transaction, the chief executive officer now directly owns 702,590 shares in the company, valued at $88,196,122.70. The disclosure for this sale can be found here. Insiders have sold a total of 310,943 shares of company stock valued at $38,872,086 in the last three months.

Institutional Trading of CAVA Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its holdings in CAVA Group by 0.5% during the second 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 boosted its position in shares of CAVA Group by 101.2% during the 1st quarter. CWM LLC now owns 505 shares of the company’s stock valued at $35,000 after acquiring an additional 254 shares during the last quarter. Jaffetilchin Investment Partners LLC increased its position in shares of CAVA Group by 4.2% in 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 last quarter. Jamison Private Wealth Management Inc. bought a new stake in CAVA Group during the second quarter worth about $28,000. Finally, Nemes Rush Group LLC purchased a new position in shares of CAVA Group during the 2nd quarter valued at about $28,000. 73.15% of the stock is owned by hedge funds and other 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.