Stifel Nicolaus Raises CAVA Group (NYSE:CAVA) Price Target to $175.00

CAVA Group (NYSE:CAVA) had its price target raised by investment analysts at Stifel Nicolaus from $118.00 to $175.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 8.43% from the company’s current price.

CAVA has been the topic of several other research reports. Morgan Stanley cut 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 report on Thursday, August 29th. Jefferies Financial Group upped their target price on CAVA Group from $94.00 to $117.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Argus raised their price target on shares of CAVA Group from $104.00 to $128.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Wedbush boosted their price objective on shares of CAVA Group from $155.00 to $190.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Robert W. Baird increased their target price on shares of CAVA Group from $125.00 to $148.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $134.93.

CAVA Group Trading Up 11.3 %

CAVA stock traded up $16.37 during midday trading on Wednesday, hitting $161.40. 6,622,298 shares of the company’s stock were exchanged, compared to its average volume of 2,714,387. The stock has a market capitalization of $18.45 billion, a price-to-earnings ratio of 433.24 and a beta of 3.23. CAVA Group has a 12-month low of $31.41 and a 12-month high of $172.43. The firm has a 50 day moving average price of $130.09 and a 200-day moving average price of $103.20.

CAVA Group (NYSE:CAVA) last announced its quarterly 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. CAVA Group had a net margin of 5.04% and a return on equity of 7.37%. The company had revenue of $243.82 million for the quarter, compared to analyst estimates of $233.05 million. During the same quarter last year, the business earned $0.06 earnings per share. CAVA Group’s revenue was up 38.9% compared to the same quarter last year. On average, sell-side analysts forecast that CAVA Group will post 0.44 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Tricia K. Tolivar sold 5,000 shares of CAVA Group stock in a transaction dated 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 directly owns 292,600 shares of the company’s stock, valued at $36,762,264. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO Tricia K. Tolivar sold 5,000 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $125.64, for a total transaction of $628,200.00. Following the completion of the sale, the chief financial officer now owns 292,600 shares in the company, valued at $36,762,264. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Theodoros Xenohristos sold 98,490 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $125.77, for a total value of $12,387,087.30. Following the completion of the transaction, the director now owns 424,846 shares in the company, valued at approximately $53,432,881.42. This 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 worth $38,310,084 over the last quarter. Company insiders own 12.10% of the company’s stock.

Institutional Investors Weigh In On CAVA Group

Large investors have recently bought and sold shares of the company. SpiderRock Advisors LLC lifted its stake in CAVA Group by 8.9% in the 3rd quarter. SpiderRock Advisors LLC now owns 479,319 shares of the company’s stock valued at $59,364,000 after acquiring an additional 39,319 shares in the last quarter. Xponance Inc. increased its stake in CAVA Group by 95.2% in the 2nd quarter. Xponance Inc. now owns 9,846 shares of the company’s stock valued at $913,000 after buying an additional 4,803 shares during the last quarter. PFG Investments LLC lifted its position in CAVA Group by 36.8% during the 3rd quarter. PFG Investments LLC now owns 15,907 shares of the company’s stock worth $1,970,000 after buying an additional 4,275 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of CAVA Group during the 2nd quarter worth about $1,728,000. Finally, Aigen Investment Management LP bought a new position in CAVA Group in the third quarter valued at approximately $1,293,000. Institutional investors 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.