Barclays Has Lowered Expectations for CAVA Group (NYSE:CAVA) Stock Price

CAVA Group (NYSE:CAVA) had its target price decreased by equities research analysts at Barclays from $127.00 to $104.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price indicates a potential upside of 4.53% from the company’s current price.

A number of other equities analysts also recently commented on CAVA. JPMorgan Chase & Co. lifted their target price on CAVA Group from $90.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. UBS Group lowered their price objective on CAVA Group from $160.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Piper Sandler raised their target price on CAVA Group from $100.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Wedbush reissued an “outperform” rating and set a $150.00 price target on shares of CAVA Group in a report on Wednesday. Finally, Sanford C. Bernstein assumed coverage on shares of CAVA Group in a report on Wednesday, November 20th. They issued a “market perform” rating and a $145.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $136.40.

CAVA Group Trading Down 4.5 %

Shares of NYSE CAVA opened at $99.50 on Wednesday. The company has a market capitalization of $11.40 billion, a price-to-earnings ratio of 216.29 and a beta of 3.25. CAVA Group has a twelve month low of $50.37 and a twelve month high of $172.43. The business has a 50 day simple moving average of $122.12 and a 200-day simple moving average of $125.97.

CAVA Group (NYSE:CAVA) last issued its earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The business had revenue of $227.40 million for the quarter, compared to analyst estimates of $223.34 million. As a group, equities analysts predict that CAVA Group will post 0.5 earnings per share for the current year.

Insider Buying and Selling

In other CAVA Group news, insider Theodoros Xenohristos sold 851 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total value of $101,422.18. Following the completion of the sale, the insider now directly owns 358,995 shares of the company’s stock, valued at approximately $42,785,024.10. This represents a 0.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ronald M. Shaich sold 622,549 shares of CAVA Group 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 trade represents a 99.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 651,784 shares of company stock valued at $96,522,922 over the last quarter. Corporate insiders own 12.10% of the company’s stock.

Institutional Investors Weigh In On CAVA Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Arcadia Investment Management Corp MI acquired a new stake in shares of CAVA Group during the fourth quarter worth $25,000. Allworth Financial LP increased its stake in CAVA Group by 369.2% in the 4th quarter. Allworth Financial LP now owns 244 shares of the company’s stock worth $30,000 after purchasing an additional 192 shares in the last quarter. Larson Financial Group LLC raised its holdings in CAVA Group by 274.0% during the 4th quarter. Larson Financial Group LLC now owns 273 shares of the company’s stock worth $31,000 after buying an additional 200 shares during the period. Whittier Trust Co. lifted its stake in CAVA Group by 80.9% during the fourth quarter. Whittier Trust Co. now owns 284 shares of the company’s stock valued at $32,000 after buying an additional 127 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of CAVA Group by 884.4% in the fourth quarter. Signaturefd LLC now owns 315 shares of the company’s stock worth $36,000 after buying an additional 283 shares during the period. Institutional investors and hedge funds own 73.15% of the company’s stock.

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.