CAVA Group (NYSE:CAVA) Shares Down 6.1% – Here’s Why

Posted by Brian Himes on Aug 19th, 2026

CAVA Group, Inc. (NYSE:CAVA – Get Free Report)’s share price traded down 6.1% during mid-day trading on Monday . The stock traded as low as $70.20 and last traded at $69.8730. Approximately 346,272 shares were traded during mid-day trading, a decline of 90% from the average session volume of 3,418,403 shares. The stock had previously closed at $74.42.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CAVA shares. Piper Sandler raised their price target on shares of CAVA Group from $85.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, May 20th. Barclays upped their price objective on CAVA Group from $70.00 to $74.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 20th. Mizuho cut their target price on CAVA Group from $85.00 to $70.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 12th. Northcoast Research raised CAVA Group from a “sell” rating to a “neutral” rating in a report on Thursday, August 13th. Finally, Robert W. Baird boosted their price target on CAVA Group from $88.00 to $98.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 20th. Seventeen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $89.44.

Read Our Latest Analysis on CAVA

CAVA Group Price Performance

The business’s 50 day moving average price is $72.86 and its 200 day moving average price is $77.05. The stock has a market capitalization of $7.97 billion, a P/E ratio of 124.10, a price-to-earnings-growth ratio of 5.12 and a beta of 1.75.

CAVA Group (NYSE:CAVA – Get Free Report) last issued its earnings results on Tuesday, August 11th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.01. CAVA Group had a net margin of 4.82% and a return on equity of 8.28%. The company had revenue of $368.44 million for the quarter, compared to analysts’ expectations of $360.09 million. During the same quarter last year, the company posted $0.16 earnings per share. The firm’s quarterly revenue was up 31.3% on a year-over-year basis. As a group, analysts forecast that CAVA Group, Inc. will post 0.53 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Karen Kochevar sold 10,000 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $90.00, for a total transaction of $900,000.00. Following the completion of the sale, the director owned 3,074 shares in the company, valued at approximately $276,660. This represents a 76.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Adam David Phillips sold 5,181 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $77.14, for a total value of $399,662.34. Following the completion of the transaction, the chief accounting officer directly owned 9,505 shares in the company, valued at approximately $733,215.70. This represents a 35.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 82,703 shares of company stock worth $7,249,579. Insiders own 6.70% of the company’s stock.

Institutional Investors Weigh In On CAVA Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Modern Wealth Management LLC raised its position in shares of CAVA Group by 4.2% during the 1st quarter. Modern Wealth Management LLC now owns 3,907 shares of the company’s stock valued at $313,000 after buying an additional 158 shares in the last quarter. Bridgewater Associates LP raised its position in CAVA Group by 2.4% during the fourth quarter. Bridgewater Associates LP now owns 6,827 shares of the company’s stock valued at $401,000 after purchasing an additional 163 shares during the period. Western Pacific Wealth Management LP lifted its stake in shares of CAVA Group by 32.5% in the 4th quarter. Western Pacific Wealth Management LP now owns 729 shares of the company’s stock valued at $43,000 after purchasing an additional 179 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of CAVA Group by 57.4% in the 4th quarter. Allworth Financial LP now owns 650 shares of the company’s stock worth $38,000 after purchasing an additional 237 shares during the period. Finally, Clearstead Advisors LLC increased its position in shares of CAVA Group by 18.2% during the 4th quarter. Clearstead Advisors LLC now owns 1,566 shares of the company’s stock valued at $92,000 after purchasing an additional 241 shares during the last quarter. Hedge funds and other institutional investors own 73.15% of the company’s stock.

About CAVA Group

(Get Free Report)

CAVA Group, Inc (NYSE: CAVA) is a leading fast-casual restaurant company specializing in Mediterranean-inspired cuisine. Operating under the CAVA brand, the company offers customizable bowls, pitas and salads built around a variety of proteins, grains, fresh vegetables and house-made spreads. With a focus on high-quality ingredients and made-to-order preparation, CAVA aims to deliver a casual yet elevated dining experience for dine-in, takeout and catering customers.

Founded in 2011 in the Washington, DC metro area by Ike Grigoropoulos, Dimitri Katsanis and Brett Schulman, CAVA has pursued an aggressive growth strategy that included the 2018 acquisition of Zoe’s Kitchen.