CAVA Group (NYSE:CAVA) Price Target Cut to $127.00 by Analysts at Barclays

CAVA Group (NYSE:CAVA) had its price target cut by Barclays from $142.00 to $127.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price suggests a potential upside of 11.17% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. TD Cowen boosted their price target on CAVA Group from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. UBS Group decreased their target price on CAVA Group from $160.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday. Piper Sandler lifted their price target on shares of CAVA Group from $100.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Robert W. Baird upped their price objective on shares of CAVA Group from $125.00 to $148.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Finally, Loop Capital lifted their target price on shares of CAVA Group from $122.00 to $147.00 and gave the company a “hold” rating in a research note on Thursday, November 14th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $142.13.

CAVA Group Stock Performance

NYSE:CAVA opened at $114.24 on Tuesday. CAVA Group has a fifty-two week low of $41.56 and a fifty-two week high of $172.43. The firm has a market cap of $13.09 billion, a PE ratio of 248.35 and a beta of 3.21. The business has a 50 day moving average price of $131.70 and a 200-day moving average price of $116.49.

CAVA Group (NYSE:CAVA) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.04. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. The business had revenue of $243.82 million during the quarter, compared to analysts’ expectations of $233.05 million. During the same quarter in the prior year, the company posted $0.06 EPS. The firm’s revenue for the quarter was up 38.9% compared to the same quarter last year. Research analysts predict that CAVA Group will post 0.5 EPS for the current year.

Insider Buying and Selling at CAVA Group

In other CAVA Group news, Director Karen Kochevar sold 15,000 shares of CAVA Group stock in a transaction dated 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 completion of the transaction, the director now directly owns 1,307 shares of the company’s stock, valued at approximately $185,894.61. The trade was a 91.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ronald M. Shaich sold 622,549 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $149.40, for a total transaction of $93,008,820.60. Following the completion of the transaction, the director now owns 6,307 shares in the company, valued at approximately $942,265.80. This represents a 99.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 652,549 shares of company stock worth $97,242,271. 12.10% of the stock is owned by insiders.

Institutional Trading of CAVA Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Nwam LLC increased its holdings in CAVA Group by 2.6% in the 3rd quarter. Nwam LLC now owns 3,368 shares of the company’s stock worth $417,000 after buying an additional 85 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of CAVA Group by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 3,287 shares of the company’s stock valued at $407,000 after acquiring an additional 110 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of CAVA Group by 6.3% in the third quarter. Farther Finance Advisors LLC now owns 1,916 shares of the company’s stock worth $237,000 after acquiring an additional 113 shares during the period. GAMMA Investing LLC raised its holdings in shares of CAVA Group by 37.0% during the fourth quarter. GAMMA Investing LLC now owns 422 shares of the company’s stock valued at $48,000 after purchasing an additional 114 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in CAVA Group by 0.5% during the second quarter. Dimensional Fund Advisors LP now owns 39,154 shares of the company’s stock valued at $3,632,000 after purchasing an additional 184 shares during the period. 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.