Jefferies Financial Group Boosts CAVA Group (NYSE:CAVA) Price Target to $117.00

CAVA Group (NYSE:CAVA) had its price target boosted by equities research analysts at Jefferies Financial Group from $94.00 to $117.00 in a report released on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s target price suggests a potential upside of 14.80% from the company’s previous close.

A number of other equities research analysts have also recently commented on the stock. JPMorgan Chase & Co. cut shares of CAVA Group from an “overweight” rating to a “neutral” rating and set a $77.00 price objective on the stock. in a research note on Monday, June 3rd. Barclays increased their price objective on shares of CAVA Group from $58.00 to $72.00 and gave the stock an “equal weight” rating in a report on Thursday, May 30th. Wedbush raised their price target on shares of CAVA Group from $100.00 to $120.00 and gave the company an “outperform” rating in a report on Friday. Robert W. Baird raised their price target on shares of CAVA Group from $105.00 to $125.00 and gave the company an “outperform” rating in a report on Friday. Finally, TD Cowen increased their price objective on shares of CAVA Group from $95.00 to $115.00 and gave the company a “buy” rating in a research report on Friday. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, CAVA Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.42.

CAVA Group Price Performance

CAVA stock opened at $101.92 on Friday. The company has a fifty day moving average price of $89.22 and a 200 day moving average price of $75.32. CAVA Group has a 12 month low of $29.05 and a 12 month high of $104.84. The company has a market cap of $11.62 billion, a price-to-earnings ratio of 248.59 and a beta of 3.27.

CAVA Group (NYSE:CAVA) last announced its quarterly earnings data on Thursday, August 22nd. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. CAVA Group had a net margin of 3.75% and a return on equity of 5.18%. The company had revenue of $233.50 million during the quarter, compared to the consensus estimate of $219.47 million. During the same quarter in the prior year, the firm earned $0.21 EPS. CAVA Group’s quarterly revenue was up 35.1% on a year-over-year basis. As a group, analysts anticipate that CAVA Group will post 0.34 earnings per share for the current year.

Insiders Place Their Bets

In other CAVA Group news, insider Kenneth Robert Bertram sold 5,250 shares of the firm’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $95.28, for a total value of $500,220.00. Following the sale, the insider now directly owns 67,005 shares in the company, valued at $6,384,236.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Tricia K. Tolivar sold 5,949 shares of CAVA Group stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $94.47, for a total transaction of $562,002.03. Following the sale, the chief financial officer now directly owns 297,600 shares in the company, valued at $28,114,272. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Kenneth Robert Bertram sold 5,250 shares of the business’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $95.28, for a total transaction of $500,220.00. Following the completion of the sale, the insider now owns 67,005 shares in the company, valued at $6,384,236.40. The disclosure for this sale can be found here. Insiders sold a total of 1,420,564 shares of company stock valued at $124,690,835 over the last 90 days.

Institutional Investors Weigh In On CAVA Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Private Advisor Group LLC increased its stake in CAVA Group by 69.1% in the 1st quarter. Private Advisor Group LLC now owns 33,619 shares of the company’s stock worth $2,355,000 after purchasing an additional 13,739 shares in the last quarter. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of CAVA Group during the 1st quarter valued at about $3,213,000. Swiss National Bank acquired a new stake in CAVA Group in the 4th quarter worth approximately $1,926,000. Stephens Inc. AR acquired a new stake in CAVA Group in the 4th quarter worth approximately $1,014,000. Finally, Cetera Investment Advisers acquired a new stake in CAVA Group in the 1st quarter worth approximately $2,455,000. 73.15% of the stock is currently owned by institutional investors.

CAVA Group Company Profile

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.