CAVA Group (NYSE:CAVA) Price Target Raised to $85.00

CAVA Group (NYSE:CAVA) had its price objective boosted by Morgan Stanley from $83.00 to $85.00 in a report published on Tuesday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other brokerages have also issued reports on CAVA. Royal Bank Of Canada increased their target price on shares of CAVA Group from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, February 25th. KeyCorp increased their target price on shares of CAVA Group from $95.00 to $105.00 and gave the company an “overweight” rating in a research report on Monday. Telsey Advisory Group increased their target price on shares of CAVA Group from $85.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, February 25th. Guggenheim assumed coverage on shares of CAVA Group in a research report on Thursday, March 26th. They issued a “buy” rating and a $100.00 target price for the company. Finally, The Goldman Sachs Group increased their target price on shares of CAVA Group from $75.00 to $86.00 and gave the company a “neutral” rating in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $88.89.

CAVA Group Stock Performance

CAVA Group stock opened at $93.17 on Tuesday. The company has a 50-day simple moving average of $81.56 and a 200-day simple moving average of $66.86. The firm has a market capitalization of $10.84 billion, a P/E ratio of 172.55, a P/E/G ratio of 8.07 and a beta of 2.03. CAVA Group has a one year low of $43.41 and a one year high of $101.50.

CAVA Group (NYSE:CAVA) last announced its earnings results on Tuesday, February 24th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The firm had revenue of $274.99 million during the quarter, compared to analyst estimates of $268.04 million. CAVA Group had a net margin of 5.40% and a return on equity of 8.43%. CAVA Group’s revenue was up 20.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.05 EPS. As a group, sell-side analysts forecast that CAVA Group will post 0.51 earnings per share for the current year.

Insider Buying and Selling

In other CAVA Group news, insider Kelly Costanza sold 1,707 shares of the company’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $62.14, for a total value of $106,072.98. Following the completion of the sale, the insider directly owned 119,139 shares of the company’s stock, valued at approximately $7,403,297.46. This represents a 1.41% 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, insider Kenneth Robert Bertram sold 994 shares of the company’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $62.14, for a total transaction of $61,767.16. Following the completion of the sale, the insider directly owned 49,122 shares of the company’s stock, valued at $3,052,441.08. The trade was a 1.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 11,460 shares of company stock worth $712,124 in the last ninety days. Insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On CAVA Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Los Angeles Capital Management LLC acquired a new stake in CAVA Group in the 4th quarter valued at about $25,000. Cornerstone Planning Group LLC lifted its holdings in CAVA Group by 378.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 450 shares of the company’s stock valued at $27,000 after acquiring an additional 356 shares during the last quarter. Harbor Investment Advisory LLC lifted its holdings in CAVA Group by 347.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 515 shares of the company’s stock valued at $30,000 after acquiring an additional 400 shares during the last quarter. Western Pacific Wealth Management LP acquired a new stake in CAVA Group in the 3rd quarter valued at about $33,000. Finally, CNB Bank lifted its holdings in CAVA Group by 275.8% in the 3rd quarter. CNB Bank now owns 575 shares of the company’s stock valued at $35,000 after acquiring an additional 422 shares during the last quarter. 73.15% of the stock is owned by institutional investors and hedge funds.

Key CAVA Group News

Here are the key news stories impacting CAVA Group this week:

• Positive Sentiment: Board refresh and menu innovation could support comp growth — CAVA’s board changes and launch of a salmon menu are being framed as part of a growth story that could increase traffic and higher-margin sales. CAVA Board Refresh And Salmon Menu Launch Shape Growth Story
• Positive Sentiment: Multiple broker bulls: Morgan Stanley, Roth and KeyCorp see upside — Recent coverage from Morgan Stanley, Roth Capital and KeyCorp/Benchmark highlights expected price appreciation and momentum continuation, providing analyst-driven support for the rally. Morgan Stanley Forecasts Strong Price Appreciation for CAVA Group (NYSE:CAVA) Stock
• Positive Sentiment: Earnings surprise potential among peers — Zacks includes CAVA in a list of restaurant names with upside to earnings expectations driven by demand, digital growth and menu innovation, reinforcing the beat/momentum narrative. 4 Restaurant Stocks Showing Strong Earnings Surprise Potential
• Neutral Sentiment: Valuation attention is driving NYSE chatter — Commentators note CAVA’s high valuation and volatility are attracting broader NYSE Composite attention; that brings liquidity but also elevated sentiment risk. Is CAVA Group (NYSE:CAVA) Valuation Driving NYSE Composite Buzz?
• Neutral Sentiment: Investor debate ahead of earnings keeps volatility high — Coverage summarizes bullish and bearish arguments heading into prints and guidance updates, which can amplify day-to-day moves. Bulls and bears hash it out on CAVA Group ahead of earnings
• Neutral Sentiment: General trending and quote pages — Several outlets note CAVA is a trending ticker; useful for flow context but not immediate fundamental change. CAVA Group, Inc. (CAVA) Is a Trending Stock: Facts to Know Before Betting on It
• Negative Sentiment: Contrarian “strong sell” rating from Northcoast Research — One shop has moved to a strong-sell stance, highlighting downside risk from high valuation and execution concerns; this adds pressure and could prompt short-term selling. Zacks — Northcoast Research strong sell note

About CAVA Group

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.