CAVA Group (NYSE:CAVA) Lowered to “Sell” Rating by Wall Street Zen

by · The Cerbat Gem

Wall Street Zen cut shares of CAVA Group (NYSE:CAVA – Free Report) from a hold rating to a sell rating in a report issued on Friday.

A number of other analysts also recently issued reports on CAVA. Barclays lowered their price target on shares of CAVA Group from $104.00 to $90.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. TD Securities reaffirmed a “buy” rating and set a $120.00 price objective on shares of CAVA Group in a report on Friday, May 16th. Piper Sandler raised shares of CAVA Group from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $142.00 to $115.00 in a report on Friday, February 28th. JPMorgan Chase & Co. decreased their price objective on shares of CAVA Group from $115.00 to $95.00 and set an “overweight” rating on the stock in a report on Wednesday, June 25th. Finally, Loop Capital decreased their price objective on shares of CAVA Group from $147.00 to $100.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $118.94.

View Our Latest Stock Analysis on CAVA

CAVA Group Stock Performance

Shares of NYSE CAVA opened at $78.04 on Friday. The company’s fifty day moving average price is $84.95 and its 200 day moving average price is $98.85. CAVA Group has a 1 year low of $70.00 and a 1 year high of $172.43. The company has a market capitalization of $9.03 billion, a PE ratio of 65.03, a price-to-earnings-growth ratio of 3.65 and a beta of 2.79.

CAVA Group (NYSE:CAVA – Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.08. CAVA Group had a net margin of 13.70% and a return on equity of 10.61%. The firm had revenue of $331.83 million for the quarter, compared to the consensus estimate of $327.98 million. During the same period in the prior year, the firm posted $0.12 earnings per share. The firm’s quarterly revenue was up 28.1% compared to the same quarter last year. On average, equities analysts expect that CAVA Group will post 0.5 EPS for the current year.

Insider Activity

In related news, CFO Tricia K. Tolivar sold 4,845 shares of the firm’s stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $75.16, for a total transaction of $364,150.20. Following the completion of the sale, the chief financial officer now directly owns 236,345 shares in the company, valued at approximately $17,763,690.20. This trade represents a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Theodoros Xenohristos sold 9,348 shares of the firm’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $94.88, for a total transaction of $886,938.24. Following the sale, the insider now owns 353,271 shares of the company’s stock, valued at approximately $33,518,352.48. The trade was a 2.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 67,951 shares of company stock worth $5,409,027 over the last three months. Insiders own 12.10% of the company’s stock.

Institutional Investors Weigh In On CAVA Group

Several hedge funds and other institutional investors have recently bought and sold shares of CAVA. First Horizon Advisors Inc. increased its position in CAVA Group by 1,400.0% during the first quarter. First Horizon Advisors Inc. now owns 285 shares of the company’s stock worth $25,000 after purchasing an additional 266 shares during the last quarter. Vision Financial Markets LLC acquired a new stake in CAVA Group during the first quarter worth about $26,000. Dagco Inc. acquired a new stake in CAVA Group during the first quarter worth about $27,000. Larson Financial Group LLC increased its position in CAVA Group by 274.0% during the fourth quarter. Larson Financial Group LLC now owns 273 shares of the company’s stock worth $31,000 after purchasing an additional 200 shares during the last quarter. Finally, Versant Capital Management Inc acquired a new stake in CAVA Group during the first quarter worth about $31,000. 73.15% of the stock is currently owned by institutional investors and hedge funds.

CAVA Group Company Profile

(Get Free Report)

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.

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