CAVA Group, Inc. (NYSE:CAVA) Given Average Rating of “Moderate Buy” by Brokerages

CAVA Group, Inc. (NYSE:CAVA) has earned a consensus recommendation of “Moderate Buy” from the twenty-six research firms that are presently covering the firm, Marketbeat.com reports. Nine research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $82.2083.

Several research firms recently weighed in on CAVA. Citigroup boosted their target price on CAVA Group from $60.00 to $74.00 and gave the stock a “neutral” rating in a research note on Thursday, February 12th. Royal Bank Of Canada set a $70.00 target price on shares of CAVA Group in a report on Wednesday, November 5th. Johnson Rice set a $72.00 target price on shares of CAVA Group in a research report on Monday, January 5th. Piper Sandler reduced their price target on shares of CAVA Group from $100.00 to $71.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. Finally, TD Cowen reaffirmed a “buy” rating on shares of CAVA Group in a report on Monday, January 5th.

Insider Activity

In other CAVA Group news, CFO Tricia K. Tolivar sold 2,404 shares of CAVA Group stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $62.14, for a total transaction of $149,384.56. Following the transaction, the chief financial officer owned 231,934 shares of the company’s stock, valued at $14,412,378.76. The trade was a 1.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Theodoros Xenohristos sold 1,039 shares of the stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $62.14, for a total value of $64,563.46. Following the completion of the sale, the insider directly owned 332,205 shares of the company’s stock, valued at $20,643,218.70. The trade was a 0.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 42,843 shares of company stock worth $2,764,355 over the last ninety days. 6.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CAVA. Atlantic Union Bankshares Corp purchased a new stake in shares of CAVA Group in the second quarter valued at about $31,000. Cornerstone Planning Group LLC increased its position in CAVA Group by 378.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 450 shares of the company’s stock valued at $27,000 after acquiring an additional 356 shares during the period. Whittier Trust Co. raised its stake in CAVA Group by 60.9% during the 2nd quarter. Whittier Trust Co. now owns 457 shares of the company’s stock valued at $38,000 after acquiring an additional 173 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in CAVA Group during the 4th quarter worth approximately $25,000. Finally, Toth Financial Advisory Corp lifted its position in CAVA Group by 656.7% during the 3rd quarter. Toth Financial Advisory Corp now owns 507 shares of the company’s stock worth $31,000 after acquiring an additional 440 shares during the period. 73.15% of the stock is owned by hedge funds and other institutional investors.

CAVA Group Price Performance

Shares of NYSE CAVA opened at $67.89 on Friday. The business has a 50-day moving average of $63.37 and a two-hundred day moving average of $62.22. The company has a market capitalization of $7.87 billion, a price-to-earnings ratio of 58.53, a price-to-earnings-growth ratio of 4.65 and a beta of 2.41. CAVA Group has a 1 year low of $43.41 and a 1 year high of $132.47.

CAVA Group Company Profile

CAVA Group, Inc (NYSE: CAVA) is a leading fast-casual restaurant company specializing in Mediterranean-inspired cuisine. Operating under the CAVA brand, the company offers customizable bowls, pitas and salads built around a variety of proteins, grains, fresh vegetables and house-made spreads. With a focus on high-quality ingredients and made-to-order preparation, CAVA aims to deliver a casual yet elevated dining experience for dine-in, takeout and catering customers.

Founded in 2011 in the Washington, DC metro area by Ike Grigoropoulos, Dimitri Katsanis and Brett Schulman, CAVA has pursued an aggressive growth strategy that included the 2018 acquisition of Zoe’s Kitchen.