CAVA Group, Inc. (CAVA) Receives a Buy from Roth MKM

CAVA Group, Inc. received a Buy rating and a $106.00 price target from Roth MKM analyst yesterday. The company’s shares closed yesterday at $96.27.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CAVA Group, Inc. with a $87.86 average price target, implying a -8.74% downside from current levels. In a report released on April 20, Benchmark Co. also maintained a Buy rating on the stock with a $110.00 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.