CAVA Group, Inc. (CAVA) Receives a Hold from Raymond James

Raymond James analyst reiterated a Hold rating on CAVA Group, Inc. yesterday. The company’s shares closed yesterday at $96.27.

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CAVA Group, Inc. has an analyst consensus of Moderate Buy, with a price target consensus of $87.00, implying a -9.63% downside from current levels. In a report released yesterday, Morgan Stanley also maintained a Hold rating on the stock with a $85.00 price target.

Based on CAVA Group, Inc.’s latest earnings release for the quarter ending December 28, the company reported a quarterly revenue of $274.99 million and a net profit of $4.92 million. In comparison, last year the company earned a revenue of $227.4 million and had a net profit of $78.62 million

Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CAVA in relation to earlier this year. Last month, Kenneth Robert Bertram, the CLO & Secretary of CAVA sold 15,000.00 shares for a total of $1,204,950.00.