UBS Group Issues Pessimistic Forecast for CAVA Group (NYSE:CAVA) Stock Price

CAVA Group (NYSE:CAVA) had its target price reduced by UBS Group from $160.00 to $125.00 in a research note released on Tuesday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

A number of other research firms have also recently issued reports on CAVA. TD Cowen upped their price target on shares of CAVA Group from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Stifel Nicolaus upped their target price on shares of CAVA Group from $118.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Sanford C. Bernstein started coverage on shares of CAVA Group in a research note on Wednesday, November 20th. They set a “market perform” rating and a $145.00 price target on the stock. Wedbush boosted their price objective on shares of CAVA Group from $155.00 to $190.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Finally, Robert W. Baird increased their price objective on CAVA Group from $125.00 to $148.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, CAVA Group presently has an average rating of “Moderate Buy” and an average target price of $142.13.

CAVA Group Trading Down 5.2 %

NYSE CAVA opened at $112.71 on Tuesday. CAVA Group has a 1-year low of $40.05 and a 1-year high of $172.43. The company has a 50 day moving average of $131.70 and a 200-day moving average of $116.49. The firm has a market cap of $12.91 billion, a price-to-earnings ratio of 245.02 and a beta of 3.21.

CAVA Group (NYSE:CAVA) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. The firm had revenue of $243.82 million during the quarter, compared to analysts’ expectations of $233.05 million. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The business’s revenue was up 38.9% on a year-over-year basis. During the same period last year, the firm posted $0.06 EPS. On average, analysts forecast that CAVA Group will post 0.5 earnings per share for the current year.

Insiders Place Their Bets

In other CAVA Group news, Director Ronald M. Shaich sold 622,549 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $149.40, for a total value of $93,008,820.60. Following the completion of the transaction, the director now directly owns 6,307 shares of the company’s stock, valued at approximately $942,265.80. The trade was a 99.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Karen Kochevar sold 15,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $140.00, for a total value of $2,100,000.00. Following the sale, the director now directly owns 1,307 shares in the company, valued at approximately $182,980. This represents a 91.99 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 652,549 shares of company stock worth $97,242,271. Insiders own 12.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Nwam LLC grew its position in CAVA Group by 2.6% in the third quarter. Nwam LLC now owns 3,368 shares of the company’s stock valued at $417,000 after purchasing an additional 85 shares in the last quarter. CIBC Asset Management Inc increased its holdings in CAVA Group by 3.5% during the third quarter. CIBC Asset Management Inc now owns 3,287 shares of the company’s stock worth $407,000 after buying an additional 110 shares during the last quarter. Farther Finance Advisors LLC raised its position in CAVA Group by 6.3% during the third quarter. Farther Finance Advisors LLC now owns 1,916 shares of the company’s stock worth $237,000 after acquiring an additional 113 shares in the last quarter. GAMMA Investing LLC lifted its stake in CAVA Group by 37.0% in the fourth quarter. GAMMA Investing LLC now owns 422 shares of the company’s stock valued at $48,000 after acquiring an additional 114 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of CAVA Group by 0.5% in the 2nd 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. Institutional investors own 73.15% of the company’s stock.

About CAVA Group

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.