KeyBanc Sticks to Their Buy Rating for CAVA Group, Inc. (CAVA)
In a report released today, Eric Gonzalez from KeyBanc maintained a Buy rating on CAVA Group, Inc., with a price target of $95.00.
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Gonzalez covers the Consumer Cyclical sector, focusing on stocks such as McDonald’s, Brinker International, and Chipotle. According to TipRanks, Gonzalez has an average return of 6.9% and a 55.98% success rate on recommended stocks.
In addition to KeyBanc, CAVA Group, Inc. also received a Buy from Telsey Advisory’s Sarang Vora in a report issued on February 27. However, on the same day, Argus Research downgraded CAVA Group, Inc. (NYSE: CAVA) to a Hold.
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 52 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. Earlier this month, Kelly Costanza, the CPO of CAVA sold 31,803.00 shares for a total of $2,685,763.35.
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