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

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

A number of other equities analysts also recently weighed in on the stock. UBS Group assumed coverage on shares of CAVA Group in a research note on Friday, September 27th. They issued a “neutral” rating and a $135.00 target price for the company. TD Securities increased their price objective on shares of CAVA Group from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Citigroup upped their price target on CAVA Group from $115.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. TD Cowen upped their target price on CAVA Group from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Morgan Stanley cut shares of CAVA Group from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $90.00 to $110.00 in a report on Thursday, August 29th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $136.57.

CAVA Group Stock Performance

NYSE:CAVA opened at $147.31 on Wednesday. The company has a market capitalization of $16.84 billion, a P/E ratio of 320.24 and a beta of 3.23. The stock’s 50 day moving average price is $130.75 and its 200 day moving average price is $103.50. CAVA Group has a 52 week low of $31.41 and a 52 week high of $172.43.

CAVA Group (NYSE:CAVA) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. CAVA Group had a net margin of 5.88% and a return on equity of 9.23%. The business had revenue of $243.82 million during the quarter, compared to analyst estimates of $233.05 million. During the same quarter in the prior year, the business earned $0.06 earnings per share. The firm’s revenue for the quarter was up 38.9% on a year-over-year basis. As a group, sell-side analysts forecast that CAVA Group will post 0.44 earnings per share for the current fiscal year.

Insider Activity at CAVA Group

In other CAVA Group news, 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 value of $25,294,797.12. Following the completion of the sale, the chief executive officer now owns 702,590 shares in the company, valued at approximately $88,196,122.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Brett Schulman sold 201,504 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $125.53, for a total value of $25,294,797.12. Following the sale, the chief executive officer now directly owns 702,590 shares of the company’s stock, valued at $88,196,122.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Theodoros Xenohristos sold 98,490 shares of the firm’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 completion of the transaction, the director now directly owns 424,846 shares in the company, valued at $53,432,881.42. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 304,994 shares of company stock worth $38,310,084. 12.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On CAVA Group

Several hedge funds have recently added to or reduced their stakes in CAVA. Jamison Private Wealth Management Inc. purchased a new position in shares of CAVA Group in the 2nd quarter valued at about $28,000. Nemes Rush Group LLC purchased a new stake in shares of CAVA Group during the second quarter worth $28,000. GAMMA Investing LLC raised its holdings in CAVA Group by 68.3% in the 3rd quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock valued at $38,000 after acquiring an additional 125 shares during the last quarter. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of CAVA Group in the second quarter valued at approximately $36,000. Finally, Headlands Technologies LLC purchased a new position in shares of CAVA Group during the 2nd quarter worth $37,000. 73.15% of the stock is owned by hedge funds and other institutional investors.

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.