William Blair Reiterates “Outperform” Rating for CAVA Group (NYSE:CAVA)

William Blair reaffirmed their outperform rating on shares of CAVA Group (NYSE:CAVA) in a research report report published on Wednesday,RTT News reports.

CAVA has been the topic of several other research reports. Barclays raised their price objective on shares of CAVA Group from $95.00 to $113.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their price objective on shares of CAVA Group from $77.00 to $90.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Jefferies Financial Group upped their price objective on shares of CAVA Group from $94.00 to $117.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Robert W. Baird raised their target price on CAVA Group from $125.00 to $148.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Finally, Loop Capital upped their price target on CAVA Group from $80.00 to $122.00 and gave the stock a “hold” rating in a research note on Monday, August 26th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CAVA Group currently has an average rating of “Moderate Buy” and an average price target of $136.57.

CAVA Group Stock Performance

CAVA Group stock opened at $147.31 on Wednesday. CAVA Group has a twelve month low of $31.41 and a twelve month high of $172.43. The firm has a market cap of $16.84 billion, a PE ratio of 320.24 and a beta of 3.23. The firm’s 50 day moving average price is $130.75 and its two-hundred day moving average price is $103.50.

CAVA Group (NYSE:CAVA) last issued its earnings results on Tuesday, November 12th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.04. The company had revenue of $243.82 million for the quarter, compared to analyst estimates of $233.05 million. CAVA Group had a return on equity of 9.23% and a net margin of 5.88%. The business’s revenue was up 38.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.06 EPS. Equities analysts anticipate that CAVA Group will post 0.44 EPS for the current fiscal year.

Insider Transactions at CAVA Group

In related news, CFO Tricia K. Tolivar sold 5,000 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $125.64, for a total transaction of $628,200.00. Following the transaction, the chief financial officer now owns 292,600 shares of the company’s stock, valued at approximately $36,762,264. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CFO Tricia K. Tolivar sold 5,000 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $125.64, for a total value of $628,200.00. Following the completion of the sale, the chief financial officer now owns 292,600 shares in the company, valued at approximately $36,762,264. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Theodoros Xenohristos sold 98,490 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $125.77, for a total value of $12,387,087.30. Following the transaction, the director now owns 424,846 shares in the company, valued at $53,432,881.42. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 304,994 shares of company stock worth $38,310,084 over the last three months. 12.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Nwam LLC increased its holdings in CAVA Group by 2.6% in the 3rd quarter. Nwam LLC now owns 3,368 shares of the company’s stock valued at $417,000 after buying an additional 85 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of CAVA Group by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 3,287 shares of the company’s stock worth $407,000 after acquiring an additional 110 shares during the period. Farther Finance Advisors LLC boosted its position in shares of CAVA Group by 6.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,916 shares of the company’s stock valued at $237,000 after acquiring an additional 113 shares in the last quarter. GAMMA Investing LLC increased its stake in CAVA Group by 68.3% in the third quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock valued at $38,000 after acquiring an additional 125 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in CAVA Group by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 39,154 shares of the company’s stock valued at $3,632,000 after acquiring an additional 184 shares during the period. 73.15% of the stock is currently owned by institutional investors and hedge funds.

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.