CAVA Group (NYSE:CAVA) Given New $127.00 Price Target at Barclays

CAVA Group (NYSE:CAVA) had its target price decreased by Barclays from $142.00 to $127.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Other equities analysts have also recently issued reports about the stock. Wedbush upped their price target on shares of CAVA Group from $155.00 to $190.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Citigroup increased their price objective on CAVA Group from $140.00 to $163.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. William Blair reaffirmed an “outperform” rating on shares of CAVA Group in a report on Wednesday, November 13th. TD Cowen increased their price target on CAVA Group from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Morgan Stanley lifted their price objective on CAVA Group from $123.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 14th. Eight equities 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, the company has an average rating of “Moderate Buy” and a consensus price target of $142.13.

CAVA Group Stock Down 5.2 %

NYSE CAVA opened at $112.71 on Tuesday. The company has a market cap of $12.91 billion, a price-to-earnings ratio of 245.02 and a beta of 3.21. CAVA Group has a twelve month low of $40.05 and a twelve month high of $172.43. The business’s fifty day moving average is $131.70 and its 200 day moving average is $116.49.

CAVA Group (NYSE:CAVA) last announced its quarterly earnings results 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 return on equity of 9.10% and a net margin of 5.88%. The firm had revenue of $243.82 million for the quarter, compared to analyst estimates of $233.05 million. During the same period last year, the firm posted $0.06 earnings per share. The business’s revenue for the quarter was up 38.9% on a year-over-year basis. On average, research analysts anticipate that CAVA Group will post 0.5 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Ronald M. Shaich sold 622,549 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $149.40, for a total transaction of $93,008,820.60. Following the transaction, the director now owns 6,307 shares of the company’s stock, valued at $942,265.80. This represents a 99.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Karen Kochevar sold 15,000 shares of CAVA Group stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $142.23, for a total value of $2,133,450.00. Following the transaction, the director now directly owns 1,307 shares in the company, valued at approximately $185,894.61. The trade was a 91.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 652,549 shares of company stock worth $97,242,271 in the last quarter. 12.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CAVA Group

A number of institutional investors have recently added to or reduced their stakes in CAVA. Nemes Rush Group LLC bought a new stake in CAVA Group during the second quarter worth $28,000. GAMMA Investing LLC grew its position in CAVA Group by 68.3% during the third quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock valued at $38,000 after buying an additional 125 shares during the period. Mark Sheptoff Financial Planning LLC purchased a new stake in CAVA Group during the second quarter worth about $36,000. Sunbelt Securities Inc. bought a new stake in CAVA Group in the third quarter worth about $50,000. Finally, Headlands Technologies LLC purchased a new position in CAVA Group in the second quarter valued at about $37,000. 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.