Bank of America Securities Sticks to Their Buy Rating for CAVA Group, Inc. (CAVA)
Bank of America Securities analyst Sara Senatore reiterated a Buy rating on CAVA Group, Inc. yesterday and set a price target of $95.00. The company’s shares closed yesterday at $80.50.
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According to TipRanks, Senatore is a 3-star analyst with an average return of 2.5% and a 49.18% success rate. Senatore covers the Consumer Cyclical sector, focusing on stocks such as Cracker Barrel, Domino’s Pizza, and First Watch Restaurant Group.
In addition to Bank of America Securities, CAVA Group, Inc. also received a Buy from Wolfe Research’s Greg Badishkanian in a report issued on March 9. However, on February 27, 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 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. Earlier this month, Kenneth Robert Bertram, the CLO & Secretary of CAVA sold 15,000.00 shares for a total of $1,204,950.00.
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