CAVA Group (NYSE:CAVA) Price Target Raised to $95.00

CAVA Group (NYSE:CAVA) had its price target raised by Royal Bank Of Canada from $90.00 to $95.00 in a research report report published on Wednesday, Marketbeat reports. Royal Bank Of Canada currently has an outperform rating on the stock.

A number of other equities research analysts also recently commented on CAVA. Sanford C. Bernstein reiterated an “outperform” rating on shares of CAVA Group in a research report on Wednesday. Freedom Capital raised shares of CAVA Group to a “hold” rating in a research note on Wednesday, July 1st. Wall Street Zen upgraded CAVA Group from a “sell” rating to a “hold” rating in a report on Sunday, May 24th. Barclays boosted their price objective on CAVA Group from $70.00 to $74.00 and gave the company an “equal weight” rating in a report on Wednesday, May 20th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of CAVA Group from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Seventeen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $89.44.

CAVA Group Trading Up 3.2%

NYSE CAVA opened at $74.46 on Wednesday. The stock has a market cap of $8.70 billion, a price-to-earnings ratio of 135.38, a PEG ratio of 5.00 and a beta of 1.74. CAVA Group has a 12 month low of $43.41 and a 12 month high of $98.79. The company’s 50 day moving average is $73.07 and its two-hundred day moving average is $76.85.

CAVA Group (NYSE:CAVA) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.18 by $0.01. CAVA Group had a net margin of 4.82% and a return on equity of 8.28%. The firm had revenue of $368.44 million for the quarter, compared to the consensus estimate of $360.09 million. During the same period last year, the firm earned $0.16 EPS. The company’s revenue was up 31.3% on a year-over-year basis. Sell-side analysts forecast that CAVA Group will post 0.54 EPS for the current year.

Insider Transactions at CAVA Group

In related news, insider Kelly Costanza sold 12,490 shares of the stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $90.00, for a total transaction of $1,124,100.00. Following the transaction, the insider owned 98,490 shares of the company’s stock, valued at approximately $8,864,100. This represents a 11.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Karen Kochevar sold 10,000 shares of the stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $90.00, for a total transaction of $900,000.00. Following the sale, the director directly owned 3,074 shares in the company, valued at $276,660. This represents a 76.49% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 82,703 shares of company stock worth $7,249,579. 6.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Ancora Advisors LLC purchased a new position in shares of CAVA Group in the 2nd quarter valued at about $27,000. FNY Investment Advisers LLC purchased a new stake in shares of CAVA Group during the second quarter worth approximately $31,000. Los Angeles Capital Management LLC acquired a new stake in CAVA Group in the fourth quarter valued at approximately $25,000. TD Private Client Wealth LLC raised its holdings in CAVA Group by 118.2% in the fourth quarter. TD Private Client Wealth LLC now owns 600 shares of the company’s stock valued at $35,000 after acquiring an additional 325 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in CAVA Group by 115.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 647 shares of the company’s stock worth $38,000 after acquiring an additional 347 shares during the last quarter. 73.15% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about CAVA Group

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

• Positive Sentiment: Second-quarter results exceeded expectations, with approximately 9% same-restaurant sales growth, continued traffic recovery, and revenue and earnings above consensus. Full-year guidance was maintained, suggesting management remains confident in the growth outlook. CAVA Earnings: The Easiest Comp of the Year Meets a Tough Valuation
• Positive Sentiment: Analyst sentiment provided additional support. Roth Capital reiterated a Buy rating, TD Cowen issued a Buy, RBC indicated further upside, and Northcoast Research upgraded CAVA from Sell to Neutral. Roth Capital Reiterates Buy Rating for CAVA Group CAVA Group Gets a Buy from TD Cowen
• Neutral Sentiment: The earnings reaction has renewed debate over whether mid-single-digit comparable-sales growth can justify CAVA’s elevated valuation. With a high earnings multiple, investors may demand sustained rapid expansion and margin improvement.
• Negative Sentiment: Operating margins declined during the quarter, and KeyCorp issued a pessimistic forecast. These concerns could limit further gains if growth slows or profitability fails to scale. KeyCorp Issues Pessimistic Forecast for CAVA Group Stock Price
• Negative Sentiment: A broader cyclospora outbreak and salmonella flare-up are weighing on restaurant-industry food-safety perceptions and may reduce dining-out activity. No company-specific connection to CAVA was identified, but the issue represents a potential sector-level risk.

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.