CAVA Group, Inc. (CAVA) Gets a Buy from Bernstein
In a report released yesterday, Danilo Gargiulo from Bernstein maintained a Buy rating on CAVA Group, Inc., with a price target of $84.00. The company’s shares closed yesterday at $79.37.
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Gargiulo covers the Consumer Cyclical sector, focusing on stocks such as Chipotle, Starbucks, and McDonald’s. According to TipRanks, Gargiulo has an average return of -1.9% and a 46.23% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CAVA Group, Inc. with a $83.89 average price target, which is a 5.69% upside from current levels. In a report released on March 3, KeyBanc also maintained a Buy rating on the stock with a $95.00 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 45 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, Adam David Phillips, the CAO of CAVA sold 2,000.00 shares for a total of $171,080.00.
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