CAVA Group (NYSE:CAVA) Upgraded at Seaport Research Partners

CAVA Group (NYSE:CAVA) was upgraded by equities research analysts at Seaport Research Partners to a “strong-buy” rating in a note issued to investors on Tuesday, Zacks reports.

CAVA has been the topic of a number of other reports. Barclays lifted their price objective on shares of CAVA Group from $70.00 to $74.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 20th. Compass Point upgraded shares of CAVA Group to a “neutral” rating in a report on Monday. Argus set a $92.00 target price on CAVA Group in a report on Friday, May 22nd. Royal Bank Of Canada upped their target price on CAVA Group from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Finally, Northcoast Research raised CAVA Group from a “sell” rating to a “neutral” rating in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, CAVA Group has a consensus rating of “Moderate Buy” and an average target price of $89.44.

CAVA Group Trading Down 0.4%

Shares of NYSE:CAVA opened at $49.77 on Tuesday. The firm’s 50 day moving average is $64.83 and its two-hundred day moving average is $76.30. The firm has a market capitalization of $5.81 billion, a P/E ratio of 90.49, a PEG ratio of 3.88 and a beta of 1.74. CAVA Group has a 52 week low of $43.41 and a 52 week high of $98.79.

CAVA Group (NYSE:CAVA) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. The business had revenue of $368.44 million during the quarter, compared to analyst estimates of $360.09 million. CAVA Group had a return on equity of 8.28% and a net margin of 4.82%.The business’s revenue for the quarter was up 31.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.16 EPS. Analysts predict that CAVA Group will post 0.55 EPS for the current year.

Insider Buying and Selling

In other CAVA Group news, insider Douglas Thompson bought 6,500 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The stock was acquired at an average cost of $66.52 per share, with a total value of $432,380.00. Following the completion of the purchase, the insider directly owned 19,371 shares in the company, valued at approximately $1,288,558.92. This trade represents a 50.50% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 6.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CAVA Group

Several large investors have recently modified their holdings of the stock. Modern Wealth Management LLC boosted its position in shares of CAVA Group by 4.2% during the 1st quarter. Modern Wealth Management LLC now owns 3,907 shares of the company’s stock valued at $313,000 after acquiring an additional 158 shares in the last quarter. Allworth Financial LP lifted its stake in CAVA Group by 57.4% during the fourth quarter. Allworth Financial LP now owns 650 shares of the company’s stock worth $38,000 after purchasing an additional 237 shares during the period. Clearstead Advisors LLC boosted its holdings in CAVA Group by 18.2% during the fourth quarter. Clearstead Advisors LLC now owns 1,566 shares of the company’s stock valued at $92,000 after purchasing an additional 241 shares in the last quarter. Concurrent Investment Advisors LLC boosted its holdings in CAVA Group by 7.4% during the second quarter. Concurrent Investment Advisors LLC now owns 4,356 shares of the company’s stock valued at $342,000 after purchasing an additional 299 shares in the last quarter. Finally, Bogart Wealth LLC grew its stake in shares of CAVA Group by 24.8% in the 1st quarter. Bogart Wealth LLC now owns 1,509 shares of the company’s stock valued at $122,000 after purchasing an additional 300 shares during the period. 73.15% of the stock is owned by institutional investors.

CAVA Group News Summary

Here are the key news stories impacting CAVA Group this week:

• Positive Sentiment: Telsey Advisory maintained its Buy rating, signaling continued confidence in CAVA’s long-term growth prospects. Telsey Advisory maintains Buy rating
• Positive Sentiment: One analyst characterized the selloff as a potential buying opportunity, while GuruFocus’ valuation analysis said CAVA may be undervalued after the decline. These views could attract dip buyers. Analyst says buy the dip GuruFocus valuation analysis
• Positive Sentiment: CAVA’s loyalty membership base is reportedly expanding faster than its restaurant count, with traffic initiatives and menu innovation supporting customer engagement. CAVA loyalty growth

About CAVA Group

CAVA Group, Inc is a U.S.-based restaurant company that operates the CAVA fast-casual Mediterranean restaurant brand. Its restaurants offer customizable meals, including grain bowls, salads, pitas, dips, spreads and sides made with Mediterranean-inspired ingredients and flavors. Customers can order meals in restaurants, through digital channels and for catering.

The company’s menu is centered on a build-your-own format, allowing guests to select proteins, grains, greens, toppings, sauces and dips.